CEO quits as LSE tries to draw line under management row
LONDON (Reuters) – London Stock Exchange CEO Xavier Rolet is stepping down immediately and its chairman will not seek re-election, as the exchange tries to draw a line under a row with a top shareholder over management succession.
Pound up as Britain coughs up, Bitcoin rockets
LONDON (Reuters) – Signs of progress with U.S. tax cuts and Europe’s Brexit negotiations brought fresh highs for world stocks on Wednesday, while bitcoin topped $10,000 in a frenzy for cryptocurrencies.
BMW looking for partners to develop electric small cars
LOS ANGELES (Reuters) – Germany’s BMW AG is talking with other automakers “around the world” to try to find partners to lower the cost of electrifying its future Mini small cars, management board member Peter Schwarzenbauer told Reuters.
London Stock Exchange boss Rolet steps down
LONDON (Reuters) – London Stock Exchange CEO Xavier Rolet is stepping down immediately and its chairman has also signaled he will not seek re-election, as the exchange seeks to draw a line under a row with a top shareholder over management succession….
Toyota recalls 9,310 cars of Hilux model in Russia: standards agency
MOSCOW (Reuters) – Russia’s technical safety watchdog Rosstandart said on Wednesday it had been informed by Toyota Motor Corp about the recall of 9,310 Toyota Hilux cars produced between Sept. 2, 2011 and Nov. 28, 2014.
Exclusive: Daimler turns down Geely offer to take up to 5 percent stake via new share issue
HONG KONG/BEIJING (Reuters) – Daimler AG has rebuffed an offer from China’s Geely to take a stake of up to 5 percent via a discounted share placement due to long-held reluctance to see existing shareholdings diluted, people with knowledge of the discu…
Bitcoin tops $10,000, marks 10-fold increase in 2017
NEW YORK (Reuters) – Virtual currency bitcoin soared to an all-time high above $10,000 on Wednesday on major exchanges and digital currency indexes, including the widely followed Luxembourg-based trading platform BitStamp.
Build fast, fix later: speed hurts quality at Tesla, some workers say
SAN FRANCISCO (Reuters) – After Tesla’s Model S sedans and Model X SUVs roll off the company’s Fremont, California assembly line, the electric vehicles usually make another stop – for repairs, nine current and former employees have told Reuters.
Dollar cheered by tax cut progress, outshone by bitcoin
SYDNEY (Reuters) – The dollar held firm on Wednesday after Wall Street shot to record peaks amid signs of progress on U.S. tax cuts, while bitcoin topped $10,000 on a host of exchanges as the frenzy for cryptocurrencies showed no sign of fading.
GM says Corvette super car will be priced at $119,995 and above
LOS ANGELES (Reuters) – General Motors Co’s 755-horsepower Corvette ZR1 super car will have a starting price of $119,995, with a convertible version from $123,995, its global product development chief, Mark Reuss, said on Tuesday.
