No more Tesla buyback guarantee as company cuts price of Model X
SAN FRANCISCO/DETROIT (Reuters) – Tesla Motors Inc has ended a program that guaranteed the resale value of its cars, and lowered the starting price of its Model X crossover, the high-profile electric vehicle maker said on Wednesday.
GM not protected from ignition switch claims: U.S. appeals court
NEW YORK (Reuters) – General Motors’ 2009 bankruptcy does not shield it from lawsuits over a deadly ignition-switch defect that led to criminal charges against the automaker and prompted the recall of 2.6 million vehicles in 2014, a federal appeals cou…
Hyundai Motor’s South Korean union approves strike action
SEOUL (Reuters) – Hyundai Motor’s unionised workers in South Korea voted to go on strike for a fifth year in a row after wage talks broke down, a spokesman said on Thursday, adding to the automaker’s troubles as it battles a sales slowdown.
UBS retains positions as world’s biggest private bank: study
ZURICH (Reuters) – UBS kept its ranking as the world’s biggest private bank last year, a study by wealth management researcher Scorpio Partnership showed on Thursday.
Nintendo shares jump 9.5 percent on Pokemon GO phenomenon
TOKYO (Reuters) – Shares in Nintendo Co jumped as much as 9.5 percent in early trade on Thursday, powered by ongoing hopes for its new Pokemon GO mobile game, which has become an instant hit after just over a week on the market in three countries.
California rejects Volkswagen’s recall plan for 3.0 liter diesel cars
SAN FRANCISCO (Reuters) – California chief air regulator on Wednesday rejected a proposed recall plan from Volkswagen to fix 16,000 3.0 liter diesel Volkswagens, Audis and Porches in California that are equipped with devices designed to cheat emissions…
Monsanto exploring deals, including BASF agriculture unit buy: BBG
(Reuters) – Seed company Monsanto Co , which rejected Bayer AG’s buyout offer in May, is exploring various transactions, including the acquisition of BASF’s agriculture-solutions unit, Bloomberg reported.
Pokemon GO could be next big marketing tool for retailers
NEW YORK (Reuters) – Pokemon GO, a mobile game that has rocketed to the top of Apple Inc and Android app stores in record time, looks set to challenge young internet companies which specialize in increasing foot traffic for small businesses and may end…
Wall Street ticks up to extend record streak
NEW YORK (Reuters) – U.S. stocks ticked up on Wednesday, just enough for the S&P 500 and Dow industrials to set record highs, with investors expecting upbeat earnings to keep the rally going.
Obama plan to stop tax inversions stirs U.S. business concerns
WASHINGTON (Reuters) – The Obama administration’s plan to prevent American companies from shifting their headquarters overseas to avoid U.S. taxes is coming under fire from companies and banks that say it would be costly and cumbersome.
