More businesses must work with suppliers to curb climate change: study
OSLO (Reuters) – Too few businesses are working with their suppliers to reduce greenhouse gas emissions, according to study that praised 29 companies including General Motors, Sky and Sony Corp for taking the lead.
Takata shares lose nearly half their value in less than a week
TOKYO (Reuters) – Takata Corp’s shares have lost nearly half their value in less than a week, hit by a report that bidders are seeking a court-mediated turnaround for the embattled Japanese air bag maker.
China to strengthen market regulation by 2020
SHANGHAI (Reuters) – China plans to strengthen market regulation by 2020 to fight fake goods, food and drug safety issues and lack of consumer protections, among other things, said the country’s cabinet in an announcement posted on its official website…
Japan January flash manufacturing PMI shows fastest expansion in almost three years
TOKYO (Reuters) – Japanese manufacturing activity expanded in January at the fastest pace in almost three years as export orders surged, suggesting that overseas demand is not as weak as some economists and business leaders had feared.
Yahoo beats Wall Street view, sees Verizon deal closing in second quarter
(Reuters) – Yahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that th…
Citigroup fined $28.8 million for harm to home borrowers
WASHINGTON (Reuters) – Citigroup Inc mortgage units have been fined $28.8 million for keeping home borrowers in the dark about options to avoid foreclosure and making it difficult for them to apply for relief, the U.S. consumer finance watchdog said o…
Deutsche Bank fails to end BlackRock, Pimco mortgage debt lawsuit
(Reuters) – A U.S. judge on Monday narrowed but refused to dismiss a lawsuit seeking to hold Deutsche Bank AG liable to investors, including dozens of portfolios from BlackRock Inc and Pacific Investment Management Co, for losses on poorly underwrit…
Exclusive: UK’s Guardian could go tabloid, switch to rival’s presses – sources
LONDON (Reuters) – Britain’s Guardian newspaper is considering becoming a tabloid and outsourcing printing to a rival such as Rupert Murdoch’s News UK as one of a series of options to cut costs, sources told Reuters.
Trump Treasury nominee wants to loosen limits under Volcker rule: document
WASHINGTON (Reuters) – Dialing back the Volcker Rule that limits banks’ ability to engage in speculative investments is a top priority for President Donald Trump’s nominee for U.S. Treasury secretary, Steve Mnuchin, according to a document seen by Reut…
U.S. blocks health insurer Aetna’s $34 billion Humana acquisition
(Reuters) – A U.S. judge blocked on Monday health insurer Aetna Inc’s proposed $34 billion acquisition of smaller peer Humana Inc, raising the stakes for rival Anthem Inc as it battles to close a $54 billion deal to buy Cigna Corp.
