Amazon launches shopping social network Spark for iOS
NEW YORK (Reuters) – Amazon.com Inc has launched a social feature called Spark that allows members to showcase and purchase products on its platforms, the retail giant’s first clear move into the world of social media.
Qualcomm’s profit slumps amid Apple battle
(Reuters) – Qualcomm Inc reported a 40 percent slump in quarterly profit as its escalating patent battle with Apple Inc took a toll on its business.
AmEx profit dips as it splurges on customer rewards
(Reuters) – American Express Co’s profit declined 33 percent in the second quarter, hurt partly by higher expenses, as the card company spent heavily on rewards to woo customers amid intense competition from big U.S. banks.
U.S. judge allows VW bondholder suit to continue
WASHINGTON (Reuters) – A federal judge in California on Wednesday allowed some claims to proceed by bondholders who sued Volkswagen AG over its diesel emissions scandal, but agreed to the German automaker’s request to dismiss parts of the lawsuit.
GM cleared in first case over updated ignition switch
NEW YORK (Reuters) – A federal jury in New York on Wednesday found General Motors was not to blame for a crash of an Arizona man who alleged that his accident was caused by an updated version of the carmaker’s ignition switch that did not adequately f…
NAFTA exit, border tax would raise U.S. carmakers’ costs: study
DETROIT (Reuters) – A U.S. exit from NAFTA or implementation of a border tax would result in many billions of dollars in additional costs for automakers and their suppliers and add hundreds of dollars to each car’s production costs, according to a stud…
United Air shares slide on outlook for passenger unit revenue
NEW YORK (Reuters) – Shares of United Continental Holdings Inc fell more than 5 percent on Wednesday, a day after the airline forecast “disappointing” passenger unit revenue in the third quarter.
German regulator to assess suitability of Deutsche Boerse management
FRANKFURT (Reuters) – A German regional exchange regulator will assess the suitability of Deutsche Boerse’s management board after allegations of insider trading against the company’s chief executive officer earlier this year.
Justice Department expected to drop $3 million Harley-Davidson emissions penalty: sources
WASHINGTON (Reuters) – The U.S. Justice Department is expected to announce this week it is dropping a requirement that Harley-Davidson Inc spend $3 million to reduce air pollution as part of a settlement the Obama administration announced in August, s…
New York’s DiNapoli asks Dimon to back off a proxy reform
BOSTON (Reuters) – JPMorgan Chase & Co CEO Jamie Dimon, who has faced tough shareholder resolutions, is being asked to save them.
