Goldman hedge fund folding London operations, shifting staff to U.S.: sources
NEW YORK/LONDON (Reuters) – Goldman Sachs Investment Partners (GSIP), which opened in 2008 with one of the biggest launches in hedge fund history, is folding its London operations into the United States and shifting staff members to New York, four sour…
Global automakers blame tax policy, Lunar New Year for China sales drop
BEIJING (Reuters) – China vehicle sales in January fell by the largest margin since 2015 for several global automakers, with General Motors Co and Ford Motor Co blaming the roll back of a tax cut on small-engined vehicles and the Lunar New Year holid…
South Korean court rules against Nissan in emissions case
SEOUL (Reuters) – A South Korean court ruled against Nissan Motor Co on Thursday in an emissions case, siding with the government in its accusations that the Japanese automaker had used a so-called defeat device in its Qashqai sport utility vehicle (S…
Takata to set aside $864 million as part of U.S. DOJ settlement
TOKYO (Reuters) – Japan’s Takata Corp said on Thursday it will set aside 96.93 billion yen ($864.4 million) as part of a $1 billion settlement with the United States Justice Department over the world’s largest ever auto recall.
Toshiba receives bids as high as $3.6 billion for chip business stake: source
TOKYO (Reuters) – Toshiba Corp has received bids ranging from 200 billion yen to as much as 400 billion yen ($1.8-3.6 billion) for a 19.9 percent stake in its flash memory business, a person directly involved in the deal told Reuters on Thursday.
Trump, aviation executives to discuss infrastructure Thursday: sources
NEW YORK (Reuters) – U.S. aviation executives will discuss the industry’s aging airports and air traffic control reform when they meet with President Donald Trump on Thursday, sources familiar with the matter told Reuters.
Exclusive: Tesla pausing factory for Model 3 preparation this month
DETROIT/SAN FRANCISCO (Reuters) – Tesla Inc said on Wednesday it will shut down production at its California assembly plant for a week this month to prepare for production of its high-volume Model 3 sedan, moving the company closer to meeting its targ…
Trump blasts retailer Nordstrom, raising new concern on business ties
WASHINGTON/CHICAGO (Reuters) – President Donald Trump blasted department store chain Nordstrom Inc on Wednesday for dropping his daughter Ivanka’s clothing line, prompting critics to accuse him of misusing public office to benefit his family’s sprawl…
Canada gives aid to Bombardier, vows to defend any trade dispute
MONTREAL (Reuters) – The Canadian government on Tuesday announced C$372.5 million ($283 million) in repayable loans for two of Bombardier Inc’s jet programs, promising to defend the deal against a potential trade challenge by Brazil.
Intel uses White House Oval Office for splash on Arizona factory
WASHINGTON (Reuters) – Intel Corp chose the White House Oval Office as its backdrop to announce a $7 billion investment in a previously shelved Arizona factory, which it said would create 3,000 jobs when it is up and running.
