Fans cheer, but iPhone 7 gets a subdued welcome
SHANGHAI/SYDNEY/SAN FRANCISCO (Reuters) – Apple employees enthusiastically counted down the last moments before stores from San Francisco to Shanghai opened on Friday to launch the iPhone 7, but the ranks of shoppers were notably thinner than in previo…
Sticker shock seen for U.S. motorists after key pipeline break
NEW YORK (Reuters) – Colonial Pipeline Co aims to restart a key U.S. gasoline line by Thursday after delays to repair a leak boosted fuel prices, but analysts expect some motorists to feel the sticker shock for longer.
Exxon probe faces uphill climb amid ambiguous accounting rules
NEW YORK (Reuters) – New York Attorney General Eric Schneiderman faces an uphill climb in building a case against Exxon Mobil Corp for not writing down assets amid the oil-price slump because of the broad leeway that energy companies have enjoyed repor…
Wells Fargo faces proposed class action over bogus accounts
NEW YORK (Reuters) – Wells Fargo & Co, embroiled in a scandal over the opening of sham accounts, was sued on Friday by customers who accused the bank of fraud and recklessness for its behavior.
Mobileye says it warned Tesla against enabling ‘hands-free’ driving
FRANKFURT (Reuters) – Mobileye NV said in a U.S. securities filing on Friday that its top executives were assured by Tesla Motors Inc Chief Executive Elon Musk that drivers of the company’s electric cars would not be allowed to take their hands off the…
Starbucks allows long-term shareholders to nominate board members
(Reuters) – Starbucks Corp on Friday amended the company’s bylaws to allow long-time shareholders to nominate board members.
Abbott to sell its eye care business to J&J for about $4.33 billion
(Reuters) – Abbott Laboratories said it would sell its eye care business to Johnson & Johnson for about $4.33 billion in cash to focus on cardiovascular devices and diagnostics business.
Perrigo explores sale of royalties of drug Tysabri: sources
(Reuters) – Perrigo Company Plc , the manufacturer of generic drugs and over the counter medicines targeted by activist investor Starboard Value LP, is exploring a sale of the royalties from its multiple sclerosis drug Tysabri, people familiar with the…
Wall St. falls; risk of Deutsche Bank fine hits banks
(Reuters) – U.S. stocks fell on Friday as the possibility of a $14 billion fine against Deutsche Bank weighed on big banks and investors wrestled with lingering uncertainty about when the U.S. Federal Reserve will hike interest rates.
GM seeks to delay recall of 1 million vehicles with Takata air bag inflators
DETROIT (Reuters) – General Motors Co has asked U.S. safety regulators to a delay a recall of 980,000 trucks with Takata air bag inflators to allow it to demonstrate the vehicles are safe and avoid a hit to profits.
