Takata plea, compensation deal clears path to potential sale
DETROIT (Reuters) – Japan’s Takata Corp removed a major obstacle to its potential sale or restructuring, pleading guilty on Monday in a U.S. federal court to a felony charge as part of a $1 billion settlement that included compensation funds for autom…
ServiceNow appoints former eBay executive as CEO
SAN FRANCISCO (Reuters) – ServiceNow Inc said it had hired former eBay Inc executive John Donahoe to be chief executive, replacing longtime CEO Frank Slootman starting in April, a surprise move that sent shares of the enterprise software lower on Mon…
No AT&T-Time Warner merger review expected: U.S. regulator’s chairman
WASHINGTON (Reuters) – The head of the U.S. Federal Communications Commission does not expect to review AT&T Inc’s planned $85.4 billion acquisition of Time Warner Inc , a spokesman for the agency said on Monday.
Tesla plunges another 5 percent on fears of Model 3 delays
SAN FRANCISCO (Reuters) – Shares of Tesla dropped on Monday after a downgrade by Goldman Sachs, bringing the electric carmaker’s decline to 11 percent since its quarterly report last week stoked worries about how much cash it is using to launch its Mo…
AIG looks at penalizing or ousting CEO over turnaround plan: WSJ
(Reuters) – American International Group Inc’s directors are discussing whether to penalize or oust Chief Executive Peter Hancock over a major setback in the insurance firm’s turnaround plan, the Wall Street Journal reported, citing people familiar wi…
Germany’s Daimler picks U.S. executive to lead global trucks operations
BERLIN (Reuters) – Daimler has picked the head of its North American trucks division to run group-wide truck operations, it said on Monday, avoiding a lengthy search for a successor to departed chief Wolfgang Bernhard.
U.S. judge dismisses case against Wal-Mart over Mexico bribery
(Reuters) – Wal-Mart Stores Inc on Monday won the dismissal of a U.S. lawsuit accusing the world’s largest retailer of defrauding shareholders in its Wal-Mart de Mexico unit by concealing its suspected bribery of public officials in Mexico.
Airbus faces battle on two fronts over call for A400M aid
PARIS (Reuters) – Airbus faces tough negotiations on two fronts as it seeks new relief from European governments and engine makers for losses on its troubled A400M military transporter plane.
Trump seeks ‘historic’ U.S. military spending boost, domestic cuts
WASHINGTON (Reuters) – President Donald Trump is seeking what he called a “historic” increase in defense spending, but ran into immediate opposition from Republicans in Congress who must approve his plan and said it was not enough to meet the military’…
U.S. pending home sales fall to lowest level in a year
WASHINGTON (Reuters) – Contracts to buy previously owned U.S. homes dropped in January on a shortage of inventory in the Midwest and West regions, the National Association of Realtors said on Monday.
