Automakers ask California to ease rules for self-driving car tests
WASHINGTON (Reuters) – Automakers on Tuesday urged the state of California to further ease its proposed regulations for autonomous vehicles, saying the state did not respond to their earlier objections by making enough revisions to its planned set of r…
UGG brand owner Deckers explores sale
(Reuters) – Deckers Outdoor Corp said on Tuesday it was exploring strategic alternatives, including a sale of the company, a month after an activist investor urged the apparel and accessories maker to sell itself.
AT&T revenue misses estimates as customers keep phones longer
(Reuters) – AT&T Inc’s quarterly revenue missed estimates due to lower equipment sales as customers held onto phones longer and rival wireless carriers offered new promotions on unlimited data plans, the No. 2 U.S. wireless carrier said on Tuesday.
U.S. Supreme Court may limit where companies can be sued
WASHINGTON (Reuters) – The U.S. Supreme Court on Tuesday appeared poised to clamp down on where corporations can be sued, a potential setback for plaintiffs’ lawyers who strive to bring cases in courts and locales they consider friendly.
Toshiba plans to replace auditor PwC after earnings impasse
TOKYO (Reuters) – Toshiba Corp, the troubled Japanese conglomerate, wants to replace auditor PricewaterhouseCoopers Aarata (PwC) to resolve an impasse over full-year earnings and remain listed, two sources briefed on the matter said.
JetBlue delays some jet deliveries, swaps Airbus models
NEW YORK (Reuters) – JetBlue Airways Corp said it is postponing delivery of 13 aircraft scheduled for 2019 and 2020, and has swapped its 2018 Airbus order of A321neos to 11 A321ceos, which have an earlier engine design.
Citi meeting protest prompts apology on pipeline finance steps
NEW YORK (Reuters) – A brief, noisy protest by drum-beating young adults at Citigroup’s annual shareholder meeting on Tuesday evolved into an orderly exchange between an older tribal woman and the bank’s two top executives, who conceded it had approved…
Exclusive: GE in talks with Irish firm on Chilean wind venture – sources
SANTIAGO (Reuters) – General Electric Co is in talks with an independent energy producer to make a significant move into wind power in Chile, two people with knowledge of the process told Reuters, as the conglomerate expands its global renewable footp…
Wells Fargo pauses annual meeting due to unruly shareholder
NEW YORK (Reuters) – Wells Fargo & Co’s management ejected an unruly shareholder from the bank’s contentious annual meeting on Tuesday after an extended period of argument and what the chairman characterized as a “physical approach” to a director.
McDonald’s profit beats as turnaround gains steam, shares at record high
(Reuters) – McDonald’s Corp reported a better-than-expected rise in quarterly profit and U.S. same-restaurant sales on lower costs, all-day breakfast, $1 drinks and promotions on its popular Big Macs, signaling the company’s plan to keep customers com…
