Takata would stop making air-bag inflators under new plan: sources
TOKYO (Reuters) – Japan’s Takata Corp , facing bankruptcy over the biggest recall in automotive history, would stop making air-bag inflators after completing a global recall, under a restructuring plan under consideration by its steering committee, sou…
J. Crew clinches key lender support for debt deal
(Reuters) – U.S. fashion retailer J. Crew Group Inc has won the support of more than 50 percent of its term loan holders for a deal to trim its $2.1 billion debt load and push back deadlines to repay some of it by two years, the company said on Friday….
GM to open manufacturing facility in Arlington, add new jobs
(Reuters) – U.S. automaker General Motors Co said on Friday it plans to open a manufacturing facility for its suppliers at its Arlington assembly plant in Texas, adding more than 850 new jobs.
ESPN announces executive reorganization
(Reuters) – Walt Disney Co’s ESPN has reorganized its top executives, promoting Connor Schell to oversee all of its content creation across digital, TV and print, ESPN President John Skipper said on Friday.
McDonald’s ends Olympics sponsorship deal early
NEW YORK/BERLIN (Reuters) – McDonald’s Corp ended its 41-year-old sponsorship of the Olympic Games three years early, the International Olympic Committee said on Friday, reflecting the U.S. fast-food giant’s focus on its core business as well as risin…
Yellen says Fed to give banks more details on stress tests
NEW YORK and WASHINGTON (Reuters) – The Federal Reserve will give banks more details on how it conducts annual stress tests, including the qualitative part of the tests, when it publishes the results later this month, Chair Janet Yellen said Friday in …
U.S. housing starts hit eight-month low; building permits weak
WASHINGTON (Reuters) – U.S. homebuilding fell for a third straight month in May to the lowest level in eight months as construction activity declined broadly, suggesting that housing could be a drag on economic growth in the second quarter.
Madoff fund moves closer to payouts after criticism of delays
NEW YORK (Reuters) – The overseer of a $4 billion U.S. government fund to compensate victims of Bernard Madoff’s Ponzi scheme expects to start distributing money this year, following criticism of the lack of payouts in the nearly four years since the f…
Greece, markets welcome loan deal as Spain and Germany raise obstacles
LUXEMBOURG (Reuters) – Greece welcomed on Friday a deal on new bailout loans as a decisive step to exiting its debt crisis and markets took heart by lowering Greek borrowing costs, even though Spanish and German officials raised last-minute objections….
Boeing, Rolls-Royce not yet worried about Middle East orders
PARIS (Reuters) – Executives from aircraft and engine makers Boeing and Rolls-Royce said recent instability in the Middle East had not so far led to deferrals or cancellations of plane orders.
