Hanjin Shipping gets $54 million loan to unload stranded cargo
SEOUL (Reuters) – The largest shareholder of Hanjin Shipping Ltd agreed on Wednesday to lend 60 billion won ($53.96 million) to help unload cargo that has been stranded since the world’s seventh-largest container carrier collapsed late last month.
Google launches Allo, bets on AI to spice up chats
(Reuters) – Google-parent Alphabet Inc launched Allo, a messaging app that incorporates Google’s search feature and a chatbot that uses machine learning to “improve” itself over time.
U.S. home refinancing activity falls to lowest since June
NEW YORK (Reuters) – Weekly U.S. mortgage refinancing activity fell last week to its lowest since June as home borrowing costs rose to their most expensive level in about three months, the Mortgage Bankers Association said on Wednesday.
Russian watchdog says Mitsubishi recalling 47,800 L200 cars
MOSCOW (Reuters) – Mitsubishi Motors Corp is recalling 47,800 L200 pickup models in Russia to fix possible airbag problems, Russia’s Standard Agency said on Wednesday, citing the carmaker’s distributor.
Target to buy back $5 billion shares
(Reuters) – Target Corp on Wednesday announced a new $5 billion share buyback plan.
Volkswagen investors seek $9 billion in damages over emissions scandal: court
BERLIN (Reuters) – Volkswagen faces 8.2 billion euros ($9.1 billion) in damages claims from investors over its emissions scandal in the legal district where the carmaker is based, a German court said on Wednesday.
Over to the Fed after world stocks get a lift from BOJ
LONDON (Reuters) – World stocks rose on Wednesday, led by a surge in bank shares, after the Bank of Japan overhauled its monetary policy to target interest rates, though the yen recovered initial losses against the dollar on scepticism those moves woul…
Exclusive: How EU firms skirt sanctions to do business in Crimea
SIMFEROPOL, Crimea/MOSCOW (Reuters) – Products for sale in the Crimean stores of two European retailers are being shipped there from Russia via a ferry and port that are subject to EU sanctions, people involved in the transportation said, suggesting co…
Yum China files to issue 10 million shares to Yum Brands shareholders
(Reuters) – Yum China Holdings Inc, which is being spun off from KFC owner Yum Brands Inc , filed with regulators on Wednesday to issue 10 million common shares to Yum Brands shareholders.
Wal-Mart pays quarterly bonuses to more store employees
CHICAGO (Reuters) – Wal-Mart Stores Inc said it paid more than $201 million in second-quarter bonuses to hourly store staff as 99 percent of its stores met targets for cleanliness, faster checkout and better service.
