Nissan, Mitsubishi Motors confirm talks over capital tie-up
TOKYO (Reuters) – Nissan Motor Co and Mitsubishi Motors Corp confirmed on Thursday they were discussing a possible capital tie-up, after reports that the former was looking to take a roughly one-third stake in its scandal-hit rival.
Mitsubishi Motors says has cash to ride out widening mileage affair
TOKYO (Reuters) – Mitsubishi Motors Corp is confident it has enough cash to weather a damaging fuel efficiency scandal alone, even as it warned incorrect data may have been used for more of its cars.
Financial messaging service SWIFT says banks responsible for own cybersecurity
(Reuters) – SWIFT has told its bank customers that they are responsible for securing computers used to send messages over its global network, which was used to steal some $81 million from a Bangladesh central bank account at the New York Fed in Februar…
Caterpillar ready to move into Cuban market once embargo lifted: CEO
HAVANA (Reuters) – Caterpillar Inc, the world’s largest maker of heavy equipment, is ready to move swiftly into the Cuban market once the U.S. trade embargo is lifted, Chief Executive Doug Oberhelman said on Wednesday after meeting with Cuban ministers…
Lyft agrees to revised $27 million deal in driver lawsuit
SAN FRANCISCO (Reuters) – Lyft has agreed to pay $27 million to settle a class action lawsuit brought by California drivers who claimed they should be deemed employees instead of independent contractors, after a U.S. judge rejected a previous $12.25 mi…
Wall Street slumps as Disney and Macy’s slam consumer shares
(Reuters) – U.S. stocks dropped on Wednesday and the Dow Jones industrial average suffered its worst day since February as feeble quarterly reports from Walt Disney, Macy’s and Fossil undermined confidence across the consumer sector.
Macy’s forecast cut adds to apparel gloom; shares dive
(Reuters) – Macy’s Inc reported a much bigger-than-expected drop in quarterly sales and slashed its full-year forecast, underscoring U.S. department stores’ uphill struggle against slumping demand for apparel.
Macy’s forecast helps trigger sell-off in U.S. retailers
NEW YORK (Reuters) – Investors heavily discounted U.S. retailers on Wednesday after a series of disappointments in the sector, including a weak forecast from Macy’s Inc .
Aetna plans to remain in Obamacare markets, may expand
(Reuters) – Health Insurer Aetna Inc on Wednesday said it plans to continue its Obamacare health insurance business next year in the 15 states where it now participates, and may expand to a few additional states.
CalPERS, NYC pensions urge Exxon investors to back climate measure
HOUSTON (Reuters) – Pension fund chiefs from California and New York City urged Exxon Mobil shareholders on Wednesday to back a measure that would force the company to finely detail how its business will be impacted as governments move to tackle clima…
