Audio firm Harman aims for sales boost, new deals after Samsung takeover
BERLIN (Reuters) – Audio specialist Harman International wants to nearly treble annual sales by 2025 by partnering with tech groups such as Amazon , Google and Microsoft , as well as its new owner, Samsung , its chief executive said on Friday.
Honda reaches $605 million U.S. settlement over Takata air bags
WASHINGTON (Reuters) – Honda Motor Co said it agreed to a $605 million so-called economic loss settlement on Friday covering up to 16.5 million U.S. vehicles with potentially faulty Takata air bag inflators.
Wall Street higher as tepid jobs data lowers rate hike chance
(Reuters) – U.S. stocks were higher in early afternoon trading on Friday, with the major indexes hovering near record levels, after a tepid August jobs report reduced the odds of another rate hike this year.
Shares rise as automakers look to replace Houston’s drowned cars
DETROIT (Reuters) – The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending t…
Looming debt ceiling deadline pushing some U.S. fund managers to cash
NEW YORK (Reuters) – A potential standoff over the U.S. federal debt ceiling is raising alarm bells among fund managers who fear a repeat of 2011 when a protracted showdown over increasing the government’s borrowing limit and subsequent downgrade of U.S. credit quality led to a more than 15 percent slump in the S&P 500 stock index.
Lululemon is leaning toward men to bolster growth
(Reuters) – Lululemon Athletica Inc is coming off two straight quarters of solid growth and is forging ahead with expansion plans that include a focus on menswear, a move that could breathe life into an ailing athleisure market.
FDA approves Pfizer’s leukemia drug
(Reuters) – The U.S. Food and Drug Administration (FDA) on Friday approved Pfizer Inc’s drug, Mylotarg, for certain patients with acute myeloid leukemia (AML).
Thyssenkrupp steps up 3D printing operations
MUELHEIM AN DER RUHR, Germany (Reuters) – Thyssenkrupp opened a 3D printing center in the industrial heartland of western Germany on Friday as part of its efforts to tap into an expanding market.
Wall St. higher as tepid jobs data lowers rate hike chance
(Reuters) – U.S. stocks rose on Friday, with the Dow hitting the 22,000 mark for the first time in more than two weeks, after a tepid August jobs report increased the likelihood of the Federal Reserve holding back on raising interest rates again this y…
Federal Reserve finalizes rules to help unwind big banks
WASHINGTON (Reuters) – The Federal Reserve on Friday finalized a new rule that should make it easier to wind down systematically important U.S. banks by creating a safe harbor for financial contracts after a firm defaults.
