BMW recalls 110,000 cars in Japan over Takata air bags
TOKYO (Reuters) – BMW on Friday recalled about 110,000 cars in Japan over potentially faulty air bag inflators made by Takata Corp , as part of the auto industry’s largest ever global recall.
From steaks to furniture, Hanjin Shipping collapse to raise freight costs
CHICAGO (Reuters) – The collapse of Hanjin Shipping will boost the cost to U.S. businesses and consumers of a wide range of imported goods, from furniture and clothing to fresh fruit and frozen meat, according to federal agencies, shippers and retaile…
Apple weighs on Wall St; energy shares a boost
(Reuters) – U.S. stocks dipped on Thursday, pulled lower by Apple after its latest iPhone failed to impress Wall Street, but gains in energy shares limited the decline.
NYSE to implement new volatility procedures Monday
NEW YORK (Reuters) – The New York Stock Exchange will implement changes Monday to its opening procedures as it seeks to speed up trading and make it more efficient even on volatile days.
Bank of America agrees to pay ex-Merrill Lynch brokers $12.8 million
NEW YORK (Reuters) – Former Merrill Lynch advisers who were fired after Bank of America merged with the brokerage in 2008 won back some of the deferred compensation on which they had missed out, according to a settlement filed this week in a North Caro…
Google to buy cloud software company Apigee for $625 million
SAN FRANCISCO (Reuters) – Alphabet Inc’s Google said on Thursday it is acquiring cloud software company Apigee Corp in a deal valued at about $625 million, the tech giant’s latest effort to claim a greater share of the lucrative cloud business.
Chipotle settles sick customers’ claims, avoiding court battles
CHICAGO (Reuters) – Chipotle Mexican Grill has agreed to financial settlements with more than 100 customers who fell ill after eating at its restaurants last year, lawyers for the consumers said, as it attempts to move on from a string of food-safety …
Wells Fargo will pay $190 million to settle customer fraud case
WASHINGTON (Reuters) – Wells Fargo has long been the envy of the banking industry for its ability to sell multiple products to the same customer, but regulators on Thursday said those practices went too far in some instances.
Federal Reserve asks Congress to limit Wall Street merchant banking
WASHINGTON/NEW YORK (Reuters) – The Federal Reserve Board recommended that Congress pare back Wall Street’s ability to own physical commodities and engage in other aspects of merchant banking because of possible risks to the financial system, according…
U.S. charges ex-American Realty executives with inflating results
NEW YORK (Reuters) – U.S. prosecutors on Thursday announced criminal fraud charges against two former American Realty Capital Properties Inc executives stemming from a 2014 accounting scandal that wiped out roughly $4 billion of the real estate investm…
