Apple confirms $1 billion investment in SoftBank tech fund
(Reuters) – Apple Inc confirmed on Wednesday its plans to invest $1 billion in a tech fund being set up by Japan’s SoftBank Group Corp .
Exxon Mobil, Tillerson agree to cut all ties
(Reuters) – Exxon Mobil Corp and Rex Tillerson agreed to sever all ties to comply with conflict-of-interest requirements as the company’s former chairman and chief executive awaits confirmation as U.S. secretary of state.
Tesla starts battery cell production at gigafactory
(Reuters) – Electric car maker Tesla Motors Inc has started mass production of lithium-ion battery cells at its gigafactory in Nevada along with Japan’s Panasonic Corp, the company said on Wednesday.
Volkswagen CEO to stay away from Detroit auto show
BERLIN (Reuters) – Volkswagen chief executive Matthias Mueller will miss the Detroit auto show next week, the German carmaker said on Wednesday, amid uncertainty over its chances of settling a U.S. criminal investigation into its emissions scandal.
Ford’s Canadian sales rise in December, leap 9.4 percent in 2016
MONTREAL (Reuters) – Ford Motor Co on Wednesday reported slightly higher Canadian sales of autos and trucks for December and called 2016 its best year of sales since 1989, driven by demand for SUVs and pickups.
Gender pay gap halves for millennials, but will widen with age: study
LONDON (Reuters) – The pay gap between men and women in their 20s has halved in a generation to 5 percent but will widen as the same adults grow older, according to analysis by a British think-tank.
U.S. bank trading revenue up 20 percent from year before in third quarter: Comptroller
WASHINGTON (Reuters) – Trading revenue of U.S. banks shot up 20 percent in the third quarter from the same period in 2015, to $6.4 billion, even though it edged down nearly 9 percent from the previous quarter, the Office of the Comptroller of the Curre…
U.S. mortgage activity stabilizes as loan rates slip: MBA
NEW YORK (Reuters) – Applications for U.S. mortgages stabilized at the end of 2016 following a recent drop as borrowing costs on home loans eased from more than two-year highs, Mortgage Bankers Association data released on Wednesday showed.
Delta Air Lines forecasts smaller drop in key revenue measure
(Reuters) – Delta Air Lines Inc said on Wednesday it expected a smaller decline in fourth-quarter passenger unit revenue, a closely watched metric, than it had previously forecast, citing strong demand in December.
U.S. LIBOR breaks above 1 percent for first time since 2009
(Reuters) – The rate banks charge each other to borrow dollars for three months rose above 1 percent on Wednesday for the first time since May 2009 as global interest rates extend their climb on expectations of accelerating growth and inflation.
