Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing
(Reuters) – Apple Inc said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market.
Oil slips as dollar strengthens but traders eye Nigerian outages
NEW YORK (Reuters) – Oil prices slipped on Friday, ending a three-day rally, as a strong dollar weighed and investors cashed in on recent gains, but losses were cushioned by outages in Nigeria that have slashed output to the lowest in over two decades….
Sanofi presses on with threat to oust Medivation’s board
(Reuters) – France’s Sanofi SA was moving ahead on Friday with preparations to replace Medivation Inc’s board of directors after the U.S. cancer drug maker refused to engage with it in sale talks based on a $9.3 billion acquisition offer.
Mitsubishi Motors deal may help Nissan crack emerging Asia at last
NEW DELHI/BEIJING (Reuters) – Despite years of trying, Asia’s fast-growing emerging markets have proved elusive for Japan’s Nissan Motor Co , one reason behind its $2.2 billion move this week to take control of scandal-hit Mitsubishi Motors Corp .
Honda posts loss as it seeks to draw a line under Takata recalls
TOKYO (Reuters) – Honda Motor Co posted a quarterly loss on Friday, hit by massive recall costs for Takata air bags but forecast a rebound this year as it took dramatic steps to put the debacle behind it.
German minister has summoned Opel to investigative committee: spokesman
BERLIN (Reuters) – Germany’s transport minister has summoned carmaker Opel to appear in front of an investigative committee following media reports about suspected emissions rigging, a spokesman said on Friday, adding that the appointment was due to t…
Nerves dominate before U.S. retail numbers
LONDON (Reuters) – The dollar was set for a second week of gains on Friday while stock markets fell ahead of a handful of major U.S. and Chinese data releases which may do little to settle growing nerves over the outlook for the world’s two biggest eco…
Nissan faces challenges with Mitsubishi but won’t impose management: Ghosn
YOKOHAMA, Japan (Reuters) – Nissan Motor Co CEO Carlos Ghosn said restoring Mitsubishi Motors’ credibility with consumers will be his top challenge but that Japan’s second-biggest automaker will not impose its management on the smaller, scandal-hit c…
For Deutsche Bank’s Cryan, profit can wait
FRANKFURT (Reuters) – Almost one year into his tenure as Deutsche Bank’s chief executive, John Cryan says he has ushered in a new culture of openness, rooted out bad behavior and set about untangling the bank’s technology.
European car sales up 9 percent in April, VW brand back to growth
MILAN (Reuters) – European car sales rose 9 percent in April, industry data showed on Friday, with nearly all auto manufacturers recording sales increases and Volkswagen’s namesake brand back to growth despite its diesel emissions scandal.
