Trust banks plan to sue Toshiba over 2015 accounting scandal
TOKYO (Reuters) – Japanese trust banks are preparing to sue Toshiba Corp over its 2015 accounting scandal, a fresh headache for the conglomerate as it scrambles to offset a separate imminent multi-billion dollar writedown.
Back to zero: Companies use 1970s budget tool to cut costs as they hunt for growth
BOSTON (Reuters) – The number of U.S. companies using a budgeting tool made famous in the 1970s by former U.S. President Jimmy Carter is surging as they turn their spending habits upside down to boost profits and to re-invest in their businesses.
Vodafone says in Indian merger talks with Idea Cellular
LONDON (Reuters) – Vodafone said on Monday it was in talks to merge its Indian operations with rival Idea Cellular in an all-share deal that would create a new market leader better able to cope with the brutal price war convulsing the industry.
Toyota relinquishes top global sales spot to VW in 2016
TOKYO (Reuters) – Toyota Motor Corp’s four-year run as the world’s top-selling automaker has ended as the Japanese company said on Monday its global sales for 2016 fell short of Volkswagen AG’s .
Delta grounds domestic U.S. flights after ‘automation issue’: FAA
NEW YORK (Reuters) – The Federal Aviation Administration on Sunday said all Delta Air Lines Inc’s domestic flights were grounded until 0100 GMT after a request from the company due to an “automation issue.”
Silicon Valley puts money and muscle into fighting Trump immigrant curbs
SAN FRANCISCO (Reuters) – Silicon Valley took the lead over the weekend in corporate resistance to President Donald Trump’s clampdown on immigration, financing legal opposition, criticizing the plan, as well as helping employees ensnared by his executi…
Health insurer Anthem could rise 30 percent on earnings potential: Barron’s
NEW YORK (Reuters) – Anthem Inc shares could rise by 30 percent as the U.S. health insurer is undervalued and has the most room for improvement in profit margins and earnings among its peers, Barron’s reported.
Investors upbeat on data, Fed; wary of Trump
NEW YORK (Reuters) – In an ordinary world, a U.S. Federal Reserve meeting, jobs data and a hefty number of earnings reports next week would provide investors with welcome distraction from speculation about the U.S. president’s policy plans.
U.S. tech leaders sound alarm over Trump immigration order
SAN FRANCISCO (Reuters) – The U.S. technology industry, a major employer of foreign workers, hit back on Saturday at President Donald Trump’s sudden executive order on immigration, with some leaders calling it immoral and un-American.
FBI request for Twitter account data may have overstepped legal guidelines
WASHINGTON (Reuters) – The FBI appeared to go beyond the scope of existing legal guidance in seeking certain kinds of internet records from Twitter as recently as last year, legal experts said, citing two warrantless surveillance orders the social med…
