Toshiba chairman Shigenori Shiga ready to step down: Nikkei
(Reuters) – Toshiba Corp Chairman Shigenori Shiga is ready to step down to take responsibility for the huge write-downs looming over the Japanese group’s U.S. nuclear power unit Westinghouse Electric Co LLC, the Nikkei business daily reported.
American Airlines stock plunges on rising labor costs
(Reuters) – American Airlines Group Inc shares plunged on Friday after the company’s release of its fourth-quarter and full-year 2016 results, as mounting costs and growing wage pressures spooked investors.
In a corner, Patterson fights to keep BT transformation on track
LONDON (Reuters) – Just weeks before a high stakes auction for TV rights to top European soccer, the CEO of Britain’s BT is locked in a fight on multiple fronts, leaving the communications giant with little room for manoeuvre.
Porsche recalls 16,429 cars for problems with fastening screws
BERLIN (Reuters) – Porsche is recalling 16,429 models because of problems with fastening screws, with less than a fifth of affected vehicles in its German home market, the carmaker said.
German prosecutors open fraud inquiry into former Volkswagen CEO
BERLIN (Reuters) – German prosecutors are investigating former Volkswagen chief executive Martin Winterkorn on suspicion of fraud, looking into when he first knew that the carmaker was rigging diesel emissions tests.
EU scrapes a win in WTO row over Russian duties on vans
GENEVA (Reuters) – The European Union scored a few legal hits against Russia in a World Trade Organization ruling on Friday, having launched a challenge in May 2014 against Russian anti-dumping duties on German and Italian light commercial vehicles.
Apple strategy in ‘smart home’ race threatened by Amazon
SAN FRANCISCO – In less than a year, Amazon’s combination of the Echo speaker system and the Alexa voice-controlled digital assistant has come close to delivering on the elusive promise of easy-to-use technology that can control gadgets in the home wit…
Microsoft’s market value tops $500 billion again after 17 years
(Reuters) – Microsoft Corp’s market capitalization topped $500 billion for the first time since 2000 on Friday, after the technology giant’s stock rose following another quarter of results that beat Wall Street’s expectations.
Alphabet’s hardware growth adds to strength in core ad business
(Reuters) – Alphabet Inc’s core advertising business remained strong and its smartphone and home-automation products were gaining traction, analysts said a day after the company missed profit expectations, hurt by a higher tax rate.
AbbVie’s revenue misses as Hepatitis C, cancer drugs drag
(Reuters) – AbbVie Inc’s quarterly adjusted revenue missed analysts’ estimate as sales of its hepatitis C treatment and cancer therapy came in below Street expectations, overshadowing strong U.S. sales of its flagship Humira drug.
