Daimler plans at least six electric car models: source
FRANKFURT (Reuters) – German carmaker Daimler plans to roll out at least six, and possibly as many as nine, electric car models as part of its push to compete with Tesla and Volkswagen’s Audi, a person familiar with Daimler’s plans told Reuters.
AIG seeking to raise $190 million by selling remaining China insurer shares: IFR
HONG KONG (Reuters) – American International Group (AIG) is seeking to raise about $190 million by selling its remaining shares in China’s PICC Property and Casualty Co Ltd , according to a term sheet of the deal seen by IFR on Saturday.
Fiat Chrysler in talks with Samsung and others over Magneti Marelli: chairman
TURIN (Reuters) – Fiat Chrysler Automobiles is in talks with several parties, including South Korea’s Samsung Electronics Co Ltd , over the future of its components business Magneti Marelli, the carmaker’s chairman John Elkann said.
Microsoft gets support in gag order lawsuit from U.S. companies
WASHINGTON (Reuters) – Technology, media, pharmaceutical and other companies, along with major corporate lobbying groups, filed legal briefs on Friday in support of a Microsoft Corp lawsuit that aims to strike down a law preventing companies from telli…
Samsung recalls Galaxy Note 7 phones after battery fires
SEOUL (Reuters) – Samsung Electronics Co Ltd has recalled all Galaxy Note 7 smartphones equipped with batteries it has found to be fire-prone and halted their sales in 10 markets, denting a revival of the firm’s mobile business.
Wall Street advances as U.S. payrolls report falls short
NEW YORK (Reuters) – U.S. stocks advanced on Friday as a weaker-than-expected payrolls report tamped down expectations for a September rate hike from the U.S. Federal Reserve, although hawkish comments from another Fed official kept expectations for on…
China’s government flexes muscles with Uber, DreamWorks probes
SHANGHAI/HONG KONG (Reuters) – The Chinese government said on Friday it was investigating two high-profile takeover proposals involving U.S. companies, the latest sign of its growing influence on whether deals are approved – even those appearing to hav…
Slower U.S. payrolls growth dims September Fed rate hike prospects
WASHINGTON (Reuters) – U.S. employment growth slowed more than expected in August after two straight months of robust gains and wages were tepid, which could effectively rule out an interest rate increase from the Federal Reserve this month.
Wall Street still sees Fed on pace for one rate hike, in December: Reuters poll
NEW YORK (Reuters) – Wall Street’s biggest banks are sticking to bets that the U.S. Federal Reserve will raise interest rates once this year, and the increase would most likely occur in December after a tepid employment report for August quashed most t…
Starbucks, Amazon pay less tax than a sausage stand, Austria says
ALPBACH, Austria (Reuters) – Multinationals like coffee chain Starbucks and online retailer Amazon pay less tax in Austria than one of the country’s tiny sausage stands, the republic’s center-left chancellor lamented in an interview published on Frid…
