U.S. authorities charge Russian spies, hackers in huge Yahoo hack
WASHINGTON (Reuters) – The United States on Wednesday charged two Russian intelligence agents and two hackers with masterminding the 2014 theft of 500 million Yahoo accounts, the first time the U.S. government has criminally charged Russian spies for c…
Dollar crunched by cautious Fed, bonds and commodities cheer
SYDNEY (Reuters) – The dollar nursed painful losses in Asia on Thursday while sovereign bonds savored their biggest rally in nine months after the Federal Reserve hiked interest rates, as expected, but signaled no pick-up in the pace of tightening.
China consumer day show skewers Nike shoes, Muji foods
SHANGHAI (Reuters) – China’s annual consumer rights day TV show turned its spotlight on U.S. sports brand Nike Inc for misleading advertising and Japanese brand Muji for selling food products allegedly sourced from part of Japan affected by radiation….
Exclusive: Activist investor Starboard exits Macy’s stock – sources
(Reuters) – Starboard Value LP, the activist hedge fund that had pressured Macy’s Inc to separate its real estate from its retail business, has sold its stake in the U.S. department store operator, people familiar with the matter said on Wednesday.
GoPro expects first-quarter revenue at top end of previous forecast
(Reuters) – GoPro Inc on Wednesday estimated its first-quarter revenue at the top end of its previous forecast, and said it would cut about 270 jobs to reduce expenses in a bid to return to profitability in 2017.
Tesla to raise about $1.15 billion in stock, notes; Musk to buy shares
SAN FRANCISCO (Reuters) – Tesla Inc said on Wednesday it expects to raise about $1.15 billion from a stock and senior notes offering, an infusion of needed capital as the electric car maker enters pre-production of its upcoming Model 3 electric sedan….
Wells Fargo CEO receives pay bump despite sales scandal
NEW YORK (Reuters) – Wells Fargo & Co’s board of directors awarded Chief Executive Timothy Sloan $12.8 million for his work last year, a 17 percent increase, despite scrapping executive bonuses in light of an accounts scandal that rocked the bank last year, according to a proxy filing on Wednesday.
Renault CEO Ghosn targeted in French diesel probe
PARIS (Reuters) – France’s consumer fraud watchdog told prosecutors that Renault boss Carlos Ghosn should be held responsible for the carmaker’s suspected diesel emissions cheating, a judicial source said on Wednesday.
FCA CEO: ‘zero interest’ in pursuing merger talks with VW CEO
DETROIT (Reuters) – The top executive of automaker Fiat Chrysler Automobiles NV said on Wednesday that he has “zero interest in pursuing” merger talks with his counterpart at Volkswagen AG
Big win for automakers as Trump orders fuel economy standards review
DETROIT/WASHINGTON (Reuters) – President Donald Trump on Wednesday ordered a review of tough U.S. vehicle fuel-efficiency standards put in place by the Obama administration, handing a victory to auto industry executives and provoking criticism from Dem…
