T-Mobile US explores takeover of Sprint: source
(Reuters) – U.S. wireless carrier T-Mobile US Inc is exploring taking over rival Sprint Corp in an all-stock deal, after SoftBank Group Corp offered to give up its majority ownership of Sprint, a person familiar with the matter said.
Ford to cut production at five North American vehicle plants
DETROIT (Reuters) – Ford Motor Co said on Tuesday it plans to idle five North American vehicle assembly plants for a total of 10 weeks to reduce inventories of slow-selling models.
Wall St. edges up as U.S. Fed meeting is in focus
(Reuters) – U.S. stocks were slightly higher on Tuesday, helped by gains in financial, technology and telecom stocks, but indexes traded in a narrow range as investors stayed away from making major bets ahead of the Federal Reserve’s policy meeting.
Exclusive: Toshiba flips back towards Western Digital group for chip unit sale – sources
TOKYO (Reuters) – Toshiba Corp is shifting back toward selling its prized semiconductor unit to a group backed by joint venture partner Western Digital Corp , people familiar with the deal said.
Massachusetts sues Equifax as hack concerns spread to Canada
(Reuters) – Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc following a breach that exposed the personal data of up to 143 million people, including 3 million in the state.
U.S. watchdog settled for small fine over Wells Fargo phony accounts: report
WASHINGTON (Reuters) – A consumer watchdog agency could have levied $10 billion in penalties against Wells Fargo & Co last year for opening unauthorized customer accounts, but settled for a fraction of that to resolve the matter quickly, according to regulatory documents released on Tuesday.
Wall St. edges up on telecom gains; Fed meet in focus
(Reuters) – U.S. stocks edged up in early afternoon trading on Tuesday, helped largely by gains in telecom stocks, but traded in a narrow range as investors stayed away from making major bets ahead of the Federal Reserve’s policy meeting.
Fiat Chrysler recalls 494,000 pickup trucks for fire risk
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV said Tuesday it will recall 494,000 medium and heavy-duty Ram pickup trucks worldwide because of a water pump that could overheat and potentially cause a fire.
Tesla shares fall from record high after warning from analyst
SAN FRANCISCO (Reuters) – Shares of Tesla fell from record highs on Tuesday after an analyst warned that the electric car maker may take longer than expected to become profitable.
Massachusetts sues Equifax for not protecting state residents
(Reuters) – Massachusetts Attorney General Maura Healey filed a lawsuit on Tuesday against credit reporting firm Equifax Inc following a breach that exposed the personal data of as many as 143 million people, including 3 million in the state.
