Waymo self-driving unit sought arbitration over engineer now at Uber
SAN FRANCISCO (Reuters) – Alphabet Inc’s Waymo self-driving unit sought to arbitrate claims last year against a former employee at the center of its lawsuit against Uber, court records released on Wednesday showed, in what Uber said strengthened its b…
Ackman apologizes for Valeant losses, calls bet a mistake
BOSTON (Reuters) – Billionaire hedge fund manager William Ackman has apologized to clients for betting on Valeant Pharmaceuticals International Inc , telling them he was “deeply and profoundly sorry” for losing so much of their money on the investment….
Clouds over Trump tax plan may curb appetite for U.S. stocks
NEW YORK (Reuters) – Wall Street has tempered its expectations for sweeping U.S. tax cuts in the wake of President Donald Trump’s stinging healthcare defeat, a move that could push investors to embrace cheaper global stocks after the heady U.S. rally o…
BlackBerry, freed of handsets, looks to software for return to glory
TORONTO (Reuters) – Although BlackBerry Ltd has extricated itself from the smartphone handsets that weighed on its recent fortunes, the Canadian firm faces a tough slog to convince skeptics it can return to its glory days through an enlarged software …
Samsung launches Galaxy S8 and dreams of recovery from Note 7
SEOUL/NEW YORK – (Reuters) – Samsung Electronics Co Ltd unveiled its Galaxy S8 flagship smartphone as it battles to regain the market leadership it lost to Apple Inc after the embarrassing withdrawal of the fire-prone Note 7s.
Santander to pay $25.9 million to resolve subprime auto loan probes
BOSTON (Reuters) – Santander Consumer USA Holdings Inc has agreed to pay $25.9 million to resolve investigations by the attorneys general in Massachusetts and Delaware into its financing and securitization of sub-prime auto loans.
OPEC compliance with oil curbs rises in March as UAE joins cut: survey
LONDON/DUBAI (Reuters) – OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt na…
China’s first-quarter GDP growth seen at 6.8 percent: government think tank
HONG KONG (Reuters) – China’s economy, the world’s second largest, will likely expand 6.8 percent in the first quarter of 2017, the official Xinhua agency quoted a government think tank as saying on Wednesday.
Kushner, Anbang end talks to redevelop Manhattan office tower
NEW YORK (Reuters) – Kushner Companies, the real estate firm formerly headed by President Donald Trump’s son-in-law, said it has dropped out of talks to redevelop its flagship New York office tower with China’s Anbang Insurance Group [ANBANG.UL].
Ford says it will spend $295 million on two new recalls
WASHINGTON (Reuters) – Ford Motor Co , the second largest U.S. automaker, on Wednesday announced two new recalls affecting 440,000 vehicles and expects to spend about $295 million to fix the issues.
