Toyota to recall all 2,800 Mirai fuel cell cars on the road
TOKYO (Reuters) – Toyota Motor Corp said on Wednesday it was recalling all of the roughly 2,800 zero-emission Mirai cars on the road due to problems with the output voltage generated by their fuel cell system.
Pharma industry shuns Trump push for radical shift at FDA
(Reuters) – U.S. President Donald Trump’s vow to roll back government regulations at least 75 percent is causing anxiety for some pharmaceutical executives that a less robust Food and Drug Administration would make it harder to secure insurance coverag…
South Korea prosecutor says secured additional evidence against Samsung chief
SEOUL (Reuters) – South Korea’s special prosecutor’s office said on Wednesday it had expanded charges against Samsung Group chief Jay Y. Lee to include hiding the proceeds of a criminal act before it decided to seek a warrant for his arrest.
U.S. business in China warms to possible Trump trade policy shake-up
BEIJING (Reuters) – “Reciprocity” has become the new buzzword in the U.S. business community in China, with some industry leaders saying they would welcome a tougher approach from the Trump administration in opening up the markets of the world’s second…
Apple, banks push Wall Street to all-time high
(Reuters) – Major U.S. stock indexes established record highs on Tuesday, led by bank stocks after Federal Reserve Chair Janet Yellen said it would be unwise to wait too long to raise interest rates.
AIG posts bigger fourth-quarter loss, adds $3.5 billion to buyback program
(Reuters) – American International Group Inc , the largest commercial insurer in the United States and Canada, reported a bigger-than-expected quarterly loss, largely due to a $5.6 billion reserve charge to cover possible future claims.
Soros Fund Management buys new stakes in financials
BOSTON (Reuters) – Soros Fund Management, the firm that invests the personal fortune of billionaire investor and philanthropist George Soros, took a handful of new positions in financial stocks during the fourth quarter as the sector was buoyed by Dona…
Trian takes $3.5 billion stake in Procter & Gamble
(Reuters) – Trian Fund Management LP disclosed a $3.5 billion stake in Procter & Gamble Co on Tuesday, taking aim at the maker of Pampers diapers as it moves to boost sales and shed unprofitable brands.
Aetna, Humana drop merger; Cigna wants to end Anthem deal
NEW YORK/WASHINGTON (Reuters) – Health insurers Aetna Inc and Humana Inc walked away from their $34 billion merger on Tuesday and Cigna Corp sought to end its deal with Anthem, shelving the industry consolidation they charted to address former Presiden…
Barra’s move to sell Opel signals a deeper change at GM
(Reuters) – General Motors Co Chief Executive Mary Barra’s decision to put the company’s European operations on the block marks a turning point for the automaker that once prided itself on being the No. 1 vehicle maker in the world.
