Suzuki executive vice president to resign over false tests- Nikkei
TOKYO (Reuters) – Suzuki Motor Corp’s executive vice president Osamu Honda is set to resign to take responsibility for the Japanese automaker’s use of wrong mileage testing methods, the Nikkei reported on Wednesday.
Japan first-quarter GDP revised up, boosted by leap year gain
TOKYO (Reuters) – Japan’s economy grew faster than initially estimated in the first quarter as capital spending fell less than was first reported, but worries remain over slow consumer spending and weak exports.
Ralph Lauren to cut about 1,000 jobs and shut shops
(Reuters) – Ralph Lauren Corp is cutting about 1,000 jobs and closing 50 stores as part of a sweeping plan to lower costs and revive sales growth at the luxury fashion brand.
Yahoo hires investment bank to sell about 3,000 patents: WSJ
(Reuters) – Yahoo Inc has hired boutique investment bank Black Stone IP LLC to sell about 3,000 of the internet company’s patents, the Wall Street Journal reported, citing people familiar with the matter.
Bezos says Amazon to up India investment to $5 billion
WASHINGTON (Reuters) – Amazon Inc Chief Executive Jeff Bezos said on Tuesday the company would invest an additional $3 billion in India, boosting its committed investment in the country to over $5 billion.
U.S. investors skeptical about China’s move to widen markets
NEW YORK/BOSTON (Reuters) – U.S. asset managers and hedge funds are wary about pouring more money into China until the government addresses its stock market crash last year and wild swings in the yuan, they said on Tuesday, as China unveiled measures t…
Trump criticizes GM for Mexico investments
(Reuters) – Republican presidential candidate Donald Trump rebuked General Motors Co on Tuesday, widening his criticism of American companies that have invested in Mexico.
S&P edges closer to record high; energy shares lead
(Reuters) – The S&P 500 ended at its best level since July on Tuesday, helped by a big jump in energy shares and investor confidence that higher interest rates will not derail the economy.
Exclusive: Ousted CEO Laplanche studies LendingClub takeover – sources
(Reuters/IFR) – Ousted LendingClub Corp CEO and co-founder Renaud Laplanche has been speaking to private equity firms and banks about financing a potential buyout of the online lender, according to people familiar with the matter.
Exclusive: Blackstone in bid to buy insurance broker Acrisure – sources
(Reuters) – Private equity firm Blackstone Group LP is in advanced discussions to acquire Acrisure LLC, in a deal that could value the U.S. insurance brokerage at well over $2 billion, including debt, according to people familiar with the matter.
