Toyota recalls 340,000 Priuses globally to fix parking brake issue
TOKYO (Reuters) – Toyota Motor Corp said on Wednesday it was recalling around 340,000 of its latest Prius gasoline hybrid model in Japan and overseas to fix a parking brake issue.
Apple to set up R&D center in Shenzhen, bolster China ties
HONG KONG (Reuters) – Apple Inc will set up a research and development center in China’s manufacturing metropolis Shenzhen, the U.S. tech giant said on Wednesday, as the firm looks to spur growth in the world’s second largest economy amid growing comp…
Wells Fargo faces costly overhaul of bankrupt sales culture
(Reuters) – Embroiled in a scandal over unauthorized customer accounts, Wells Fargo & Co faces a steep challenge in overhauling its hard-charging sales culture without gutting profits.
Volkswagen may cut 2,500 jobs per year via early retirements, says labor boss: Handelsblatt
BERLIN (Reuters) – Volkswagen may cut up to 2,500 jobs per year over 10 years by moving workers into early retirement, Handelsblatt reported on Wednesday, citing Bernd Osterloh, chief of the carmaker’s influential works council.
GM ventures into China car-sharing with investment in app developer
BEIJING (Reuters) – U.S. automaker General Motors Co made its first investment in a Chinese car-sharing start up, the company said on Tuesday, as its attempt to reshape itself as a mobility solutions company spreads around the globe.
Yahoo says working to bring back auto forwarding feature
(Reuters) – Yahoo Inc said it is working to bring back its automatic email forwarding feature after a planned, temporary disablement.
Apple-Samsung iPhone patent feud leaves U.S. top court struggling
WASHINGTON (Reuters) – The fierce, big-money patent fight between Apple and Samsung left the U.S. Supreme Court groping for a solution on Tuesday, as the justices puzzled over how to discern the value of individual design elements in a complex product …
Samsung scraps Galaxy Note 7 over fire concerns
SEOUL (Reuters) – Samsung Electronics Co Ltd scrapped its flagship Galaxy Note 7 smartphone on Tuesday less than two months after its launch, dealing a huge blow to its reputation and outlook after failing to resolve safety concerns.
Oil edges up before producer talks on output curbs
TOKYO (Reuters) – Crude futures inched up on Wednesday, with investors waiting for talks between OPEC producers and other oil exporters on curbing output to end a glut in the global market.
Deutsche Bank dashes back to bond market
NEW YORK (IFR) – Deutsche Bank made a rapid-fire return to the US high-grade bond market on Tuesday, satisfying investor demand by tapping last week’s $3 billion deal for another $1.5 billion in fresh cash.
