Tesla fans camp out, form long lines to sign up for new Model 3
LA JOLLA, Calif. (Reuters) – Fans of luxury electric car maker Tesla Motors Inc camped out overnight and stood in long lines to put down deposits on its new more affordable model, due to be unveiled at an event on Thursday evening.
Exclusive: Uber will use Progressive Insurance to cover Texas drivers
(Reuters) – Uber Technologies Inc [UBER.UL] will use Progressive Insurance to provide coverage for drivers in Texas beginning on Friday, in a pilot that could lead the ride-hailing market leader to diversify its U.S. insurance purchasing from its curre…
Exclusive: Boeing takes spare-part making from Spirit AeroSystems
NEW YORK (Reuters) – Boeing Co said it is ending an agreement with one of its largest suppliers, Spirit AeroSystems Holdings Inc , effectively taking away manufacturing of profitable spare parts used in aircraft repairs.
GE Capital asks U.S. government to lift ‘too big to fail’ designation
WASHINGTON (Reuters) – Lender GE Capital asked the U.S. government on Thursday to stop designating it as “too big to fail,” saying it had shrunk to the point where it would not pose a major threat to the nation’s financial stability if it experiences d…
Market volatility pummels equity deals to lowest in seven years: data
LONDON/HONG KONG (Reuters) – Worldwide share issues slumped to a seven-year low in the first quarter of the year, as market volatility claimed the hopes of companies seeking to list their stock, Thomson Reuters data showed on Friday.
Takata air bag replacements lag at some automakers
DETROIT (Reuters) – Automakers have repaired or replaced only one-quarter of the estimated 29 million defective Takata Corp air bags in the United States, according to data supplied to U.S. auto safety regulators, with some companies lagging far behind…
Nasdaq readies ‘Ocean’ dark pool for banks and brokerages
NEW YORK (Reuters) – Nasdaq Inc is in negotiations with several brokers to host and run their private stock trading venues, or dark pools, within its data center, two of the exchange operator’s executives said on Thursday.
MetLife ruling bolsters other firms arguing systemic unimportance
NEW YORK (Reuters) – A federal judge’s ruling that MetLife Inc is not important enough to warrant special regulatory scrutiny has opened the door for other non-bank financial firms to try and unshackle themselves from the designation of “too big to fai…
Feeble finish to a tempestuous quarter on Wall Street
(Reuters) – Wall Street ended the first quarter with a whimper on Thursday after a seven-week rally that rescued the S&P 500 from its worst start to a year since 2009.
McDonald’s to add more than 1,000 outlets in China
(Reuters) – McDonald’s Corp plans to add more than 1,000 restaurants in China over the next five years, which would make it the company’s second-largest market after the United States.
