Honda says new Takata air bag death reported in Texas
WASHINGTON/DETROIT (Reuters) – A 17-year-old driver of a recalled 2002 Honda Civic was killed last month after a Takata Corp air bag ruptured during a rear-end crash, Honda Motor Co and U.S. regulators said on Wednesday, the 10th U.S. death linked to a…
U.S. weakens retirement advice rule, responding to industry
WASHINGTON (Reuters) – A new U.S. rule aimed at protecting retirement savers from profit-hungry brokers turned out to be much weaker than an initial proposal after the Obama administration bowed to pressure from the financial services industry.
Lindt & Spruengli names new head of U.S. business
ZURICH (Reuters) – Swiss chocolate group Lindt & Spruengli AG on Wednesday named U.S. sales chief Daniel Studer as head of its U.S. operations, replacing Thomas Linemayr, who is leaving the company at the end of April.
Glencore sells agri unit stake for $2.5 billion to Canadian pension fund
LONDON (Reuters) – Commodity miner and trader Glencore has agreed to sell 40 percent of its agricultural unit to Canada’s state pension fund for $2.5 billion, the company’s latest step to cut debt and soothe investor concerns about the impact of weak c…
Fiat Chrysler cuts 1,300 workers in Michigan, scraps shift
DETROIT (Reuters) – Fiat Chrysler Automobiles said on Wednesday it is laying off about 1,300 workers indefinitely and ending one of the two shifts at its Sterling Heights, Michigan plant that makes the slow-selling midsize Chrysler 200 sedan.
U.S. sues to block Halliburton-Baker Hughes deal, says anti-competitive
WASHINGTON/HOUSTON (Reuters) – The U.S. government filed a lawsuit on Wednesday to stop Halliburton Co from buying Baker Hughes Inc , arguing the combination of the No. 2 and No. 3 oil services companies would lead to higher prices in the sector.
Nokia to cut thousands of jobs following Alcatel deal
HELSINKI (Reuters) – Telecom network equipment maker Nokia is planning to cut thousands of jobs worldwide, including 1,400 in Germany and 1,300 in its native Finland, as part of a cost-cutting program following its acquisition of Alcatel-Lucent.
U.S. dealerships owner sues Volkswagen over diesel emissions scandal
(Reuters) – The owner of three U.S. Volkswagen dealerships filed a lawsuit against the German automaker on Wednesday over its massive diesel emissions scandal, along with pricing and distribution practices.
Tata Steel to launch UK sale process by Monday: UK minister
LONDON (Reuters) – India’s Tata Steel will launch the formal sale process for its British assets by Monday and give a “reasonable” timeframe to find a buyer, Britain’s business minister said after meeting the company’s chairman in Mumbai.
Oil prices jump 4 percent after surprise U.S. crude stocks draw
NEW YORK (Reuters) – Oil prices surged by 4 percent or more on Wednesday after the U.S. government reported a surprise draw in domestic crude stockpiles last week, versus market expectations for a new record high.
