Toyota recalling 1.43 million hybrids worldwide for air bag issue
WASHINGTON (Reuters) – Toyota Motor Corp said late on Tuesday it is recalling 1.43 million hybrid Prius and Lexus CT200h cars worldwide because of a possible airbag inflator defect.
Wall Street bounces back after two-day Brexit rout
(Reuters) – Wall Street bounced back on Tuesday, recouping some recent losses, as investors sought cheap assets after a two-day equities rout sparked by Britain’s decision to leave the European Union.
Nike sales, forecast disappoint as Adidas gains ground
(Reuters) – Nike Inc’s quarterly revenue growth and its forecast for future orders missed analysts’ estimates, underscoring the sportswear maker’s struggle to fend off competition from Adidas and others, especially in its home turf of North America.
Congressional watchdog expands probe of lax Wall Street oversight
NEW YORK (Reuters) – A U.S. congressional watchdog said on Tuesday it has formally added three agencies to its investigation into whether government regulators are too soft on the banks they are meant to police.
LendingClub says ex-CEO took loans to boost volumes
NEW YORK/SAN FRANCISCO (Reuters) – LendingClub Corp said on Tuesday that its founder and former chief executive, Renaud Laplanche, borrowed from the online lender to inflate the company’s volumes, the latest revelation from an internal probe of the fi…
Airbnb seeks funds valuing it at $30 billion: source
(Reuters) – Apartment-sharing startup Airbnb is in talks for a new round of funding that would value the company at $30 billion, a source close to the company said on Tuesday.
U.S. SEC proposes rule on transition plans for investment advisers
WASHINGTON (Reuters) – The top U.S. securities regulator on Tuesday proposed a rule intended to ensure that investors are not harmed when asset managers fall on hard times or close up shop.
America Movil to pay $1.1 million to settle U.S. probe
WASHINGTON (Reuters) – Puerto Rico Telephone Company and its parent, America Movil SAB de CV of Mexico, will pay $1.1 million to resolve a U.S. investigation over foreign ownership levels, the Federal Communications Commission said on Tuesday.
Katzenberg sued over ‘side deal’ to Comcast-DreamWorks merger
WILMINGTON, Del. (Reuters) – Jeffrey Katzenberg, DreamWorks Animation SKG Inc’s chief executive, has been hit with a proposed class action lawsuit over what a minority shareholder called an “extraordinarily valuable” side deal he struck as part of the…
U.S. first-quarter GDP revised up, Brexit risk to outlook
WASHINGTON (Reuters) – U.S. economic growth slowed in the first quarter but not as sharply as previously estimated, and while there are signs of a pickup in the second quarter, analysts worry Britain’s vote to leave the European Union could hurt activi…
