Samsung Electronics considers Galaxy Note 7 recall: source
SEOUL (Reuters) – Tech giant Samsung Electronics Co Ltd is considering a recall of its new flagship Galaxy Note 7 devices amid reports that some of the premium phones are catching fire due to battery problems, a person familiar with the matter said on…
Japan asks European aviation agency to ensure safety of Rolls-Royce 787 engines
TOKYO (Reuters) – Japan has asked the European Aviation Safety Agency to ensure a problem with Rolls-Royce engines powering Boeing 787 Dreamliners does not repeat to cause flight disruptions or affect safety.
Mega Financial’s new chairman vows reform after New York fine
TAIPEI (Reuters) – Mega Financial Holding’s new chairman said on Friday the state-run bank will strengthen its risk management and look into what had happened that led to its New York branch being fined $180 million for anti-money laundering violation…
Japan may invest $10 billion in Russian oil firm Rosneft: Nikkei
TOKYO (Reuters) – Japan will propose a broad cooperation in the energy sector with Russia that could include a nearly $10 billion investment in Russian state-owned oil giant Rosneft, the Nikkei newspaper reported on Friday.
U.S. banks need better defenses against rates shock, regulators warn
WASHINGTON (Reuters) – Years of stubbornly low interest rates and expectations they will remain low for years to come have prompted U.S. banks to shift their balance sheets in ways that put them at risk if rates suddenly spike, regulators are warning.
Good Technology shareholders sue JPMorgan over fiduciary duty
(Reuters) – Former shareholders of Good Technology Corp, a mobile software maker, are suing JPMorgan Chase & Co for breach of fiduciary duty, according to a lawsuit filed on Thursday.
EU’s Vestager warns others, says Apple could cut bill
BRUSSELS (Reuters) – Other multinationals that do not employ as extreme Irish tax schemes as Apple Inc but shift profits via the country to tax havens could also be breaching EU rules, Competition Commissioner Margrethe Vestager said on Thursday.
In China’s electric car boom, global automakers select different gear
TIANJIN, China (Reuters) – By 2020, Beijing says automakers must meet tough new green standards to cut epic pollution in China’s cities. As domestic firms bet heavily on electric cars to meet that goal, foreign peers are set to stay in a different, pet…
UAW asks Volkswagen to accept NLRB order on Tennessee plant row
(Reuters) – The United Auto Workers (UAW) urged Volkswagen to accept the National Labor Relations Board’s (NLRB) latest order that requires the carmaker to collectively bargain with UAW local union as the representative of a portion of workers at its …
Brazil prosecutors reject SBM leniency deal for Petrobras graft
RIO DE JANEIRO (Reuters) – Federal prosecutors in Brazil rejected a $328.2 million deal on Thursday allowing Dutch oil-ship lessor SBM Offshore NV to avoid prosecution for corruption related to its contracts with state-led oil company Petrobras.
