Emission probes could widen beyond Renault in France: Minister
PARIS (Reuters) – A judicial investigation into diesel emissions testing in France could widen beyond Renault after tests showed other carmakers had exceeded the authorized levels, the French environment minister said on Sunday, without elaborating.
Takata to plead guilty, pay $1 billion U.S. penalty over air bag defect
DETROIT/WASHINGTON (Reuters) – Japan’s Takata Corp on Friday agreed to plead guilty to criminal wrongdoing and to pay $1 billion to resolve a U.S. Justice Department investigation into ruptures of its air bag inflators linked to at least 16 deaths wor…
U.S. banks to stay in fashion as earnings kick off
NEW YORK (Reuters) – U.S. bank stocks will stay in favor with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises.
Moody’s pays $864 million to U.S., states over pre-crisis ratings
NEW YORK (Reuters) – Moody’s Corp has agreed to pay nearly $864 million to settle with U.S. federal and state authorities over its ratings of risky mortgage securities in the run-up to the 2008 financial crisis, the U.S. Department of Justice said on …
Sony Entertainment CEO exiting for a top role at Snap
LOS ANGELES (Reuters) – Sony Entertainment Chief Executive Michael Lynton will step down to become chairman of the board of messaging app owner Snap Inc, a move that puts an experienced Hollywood executive in a prominent role as the technology company …
Nasdaq hits record; bank earnings validate Wall St. rally
(Reuters) – An increase in Facebook pushed the Nasdaq to a record high on Friday and the S&P 500 also rose after major U.S. banks kicked off the fourth-quarter earnings season with strong results.
Airbus versus Boeing: Iran deals the difference in plane battle
PARIS (Reuters) – Over the past two decades, planemakers Airbus and Boeing have traded the crown in the annual orders race, and it was usually clear who had bragging rights in the fiercely competitive $120 billion annual jet market.
SpaceX 2015 accident cost it hundreds of millions: Wall St. Journal
CAPE CANAVERAL, Fla. (Reuters) – – Elon Musk’s SpaceX lost more than a quarter of a billion dollars in 2015 after a botched cargo run to the International Space Station and the subsequent grounding of its Falcon 9 rocket fleet, The Wall Street Journal reported on Friday.
Diesel emissions inquiries widen to Renault and Fiat
PARIS/MILAN (Reuters) – European carmakers were drawn into a widening probe of diesel emissions testing on Friday, with French prosecutors examining Renault and British authorities seeking answers from Fiat Chrysler Automobiles NV.
EU, U.S. strike deal to boost transatlantic insurance market
BRUSSELS (Reuters) – The European Union and the United States agreed on Friday to reduce legal and capital barriers to boost the $3 billion transatlantic insurance and reinsurance market.
