Takata says report of estimated air bag recall costs untrue
TOKYO (Reuters) – Takata Corp on Thursday denied that it had calculated the estimated costs of a global recall of its potentially faulty air bag parts, after a Bloomberg News report that it could face $24 billion in costs in a worst-case scenario.
Boeing plans to cut up to 8,000 airplane jobs: sources
(Reuters) – Boeing Co plans to cut up to 8,000 jobs this year at its commercial airplane division, according to two people familiar with the matter, a move that could slash $1 billion in costs and help it battle for sales against European rival Airbus….
Appaloosa calls for removal of SunEdison’s TerraForm execs
NEW YORK (Reuters) – Billionaire David Tepper’s Appaloosa Management is seeking to overhaul TerraForm Power Inc’s Conflicts Committee, claiming the company’s controlling shareholder SunEdison Inc has breached its fiduciary duties.
Wall Street plows higher as anxiety falls to seven-month low
(Reuters) – U.S. stocks plowed further into positive territory for 2016 on Wednesday, helped for a second session by comments from Federal Reserve Chair Janet Yellen that eased anxiety about potential interest rate hikes.
BlackRock planning to cut 400 jobs: source
(Reuters) – Global asset manager BlackRock Inc is planning to cut about 400 jobs, or 3 percent of its workforce, as it redirects resources to growth areas, a person familiar with the matter said on Wednesday.
Pepsi reshuffles North America top management
(Reuters) – PepsiCo Inc promoted the head of its North America beverages business to chief executive for the region and said the head of its Frito-Lay snacks business there was leaving the company.
Yahoo to allow proxy access for board nominations
(Reuters) – Yahoo Inc will allow investors who have held stake of at least 3 percent in the struggling Internet company for a minimum of three years to nominate directors to its board.
Chipotle ‘Better Burger’ trademark filing hints at new chain launch
(Reuters) – Chipotle Mexican Grill Inc has sought a trademark for the name “Better Burger”, suggesting that the burrito chain is looking to open a new restaurant format for hamburgers.
U.S. jury finds GM ignition switch defective but did not cause crash
NEW YORK (Reuters) – A U.S. jury found on Wednesday that a defective ignition switch was not to blame for a 2014 accident in a General Motors car, the first trial to reach a verdict since the company recalled millions of vehicles with the part.
U.S. judge strikes down MetLife designation of ‘too big to fail’
WASHINGTON (Reuters) – Insurer MetLife Inc won a major regulatory and legal battle on Wednesday when a federal judge struck down the U.S. government’s determination that it is “too big to fail.”
