Mitsubishi Motors used wrong mileage tests on most Japan models: Asahi
TOKYO (Reuters) – Mitsubishi Motors Corp used improper mileage tests on almost all its vehicles sold in Japan since 1991, the Asahi newspaper reported on Tuesday, raising the possibility that the practice was widespread at the Japanese automaker.
Tesla says it has not finalized 2017 Model 3 design
SAN FRANCISCO/DETROIT (Reuters) – Tesla Motors Inc said on Tuesday the design of its new Model 3 has not been finalized, even though the electric car maker expects to begin building the mass-market sedan within the next 18 months.
Staples, Office Depot to scrap merger deal after judge rules for FTC
WASHINGTON (Reuters) – No. 1 office supply chain Staples and smaller rival Office Depot Inc said on Tuesday they would terminate their planned merger after a U.S. federal judge ordered the deal temporarily halted because of antitrust concerns.
Disney reports rare earnings miss, shares sink
(Reuters) – Walt Disney Co, an investor favorite for consistently beating Wall Street earnings targets, reported a rare miss on Tuesday as advertising and subscriptions declined at sports channel ESPN and theme park revenue came in weaker than expected…
Carbon-offset deal would cost airlines $6.2 billion in 2025: IATA
MONTREAL (Reuters) – A global market-based measure to curb aviation emissions would cost the airline industry up to $6.2 billion in the year 2025, but carriers could face higher charges if governments fail to reach a deal by October, the International …
Oil jumps on outages; API reports big U.S. crude build
NEW YORK (Reuters) – Brent jumped 4 percent on Tuesday while U.S. crude settled up more than 2 percent, after a late burst of buying driven in part by expectations that record U.S. crude inventories would not swell by as much as they have in recent wee…
Amazon delivers S&P 500 its best day in two months
(Reuters) – U.S. stocks rose across the board on Tuesday, with a jump in oil and a rally in Amazon.com helping propel the S&P 500 to its best day in two months.
Exclusive: U.S. investigates market-making operations of Citadel, KCG
NEW YORK (Reuters) – Federal authorities are investigating the market-making arms of Citadel LLC and KCG Holdings Inc, looking into the possibility that the two giants of electronic trading are giving small investors a poor deal when executing stock tr…
America’s infrastructure $1.44 trillion short through 2025: report
(Reuters) – America will fall $1.44 trillion short of what it needs to spend on infrastructure through the next decade, a gap that could strip 2.5 million jobs and $4 trillion of gross domestic product from the economy, a report from a society of profe…
After hot rally, solar shares turn ice cold
NEW YORK (Reuters) – After their hot rally at the end of last year, shares of solar energy firms have turned ice cold as concerns about slower growth and regulatory uncertainties plague the group.
