Honda to compensate U.S. dealers for losses over air bag recalls: Automotive News
(Reuters) – Honda Motor Co is preparing to compensate U.S. dealers for depreciation costs of vehicles they cannot sell because of the massive recall linked to potentially faulty air bag inflators made by Takata Corp , Automotive News reported.
Honda says working with GM on fuel cell manufacturing, parts procurement
TOKYO (Reuters) – Honda Motor Co. is in talks with General Motors over how to manufacture and procure parts for hydrogen fuel cell stacks as part of a technology development partnership, the Japanese automaker’s chief executive said on Thursday.
America Movil wraps up bond issues for year, no acquisition plans: CFO
MEXICO CITY (Reuters) – Mexico’s America Movil does not plan to issue any more bonds for more than a year after selling 1.5 billion euros in debt this week, Chief Financial Officer Carlos Garcia Moreno said on Wednesday, adding there were no acquisitio…
Volkswagen’s top U.S. executive steps down amid ongoing probe
WASHINGTON (Reuters) – Volkswagen AG’s top U.S. executive is stepping down nearly six months after the German automaker admitted to installing software to allow 580,000 diesel U.S. vehicles to emit excess emissions, the company said on Wednesday.
New Zealand central bank surprises market with rate cut
WELLINGTON (Reuters) – A weak global outlook and tepid inflation expectations pushed New Zealand’s central bank to cut interest rates to a record low 2.25 percent, a move that took markets by surprise.
Exclusive: Bank of America hiring bankers for new middle-market push – sources
(Reuters) – Bank of America Corp is hiring a new team of investment bankers who cater to midsized companies, four years after dismantling a similar business, three people familiar with the matter told Reuters.
Citi creates new group focused on serving fund clients
(Reuters) – Senior investment bankers Zubaid Ahmad and Brad Coleman will be leading a new group at Citigroup Inc focused on better serving clients that are private equity firms, hedge funds and sovereign wealth funds, according to a memo seen by Reuter…
China’s Alibaba says agrees $3 billion five-year loan
SHANGHAI (Reuters) – China’s Alibaba Group Holding Ltd on Thursday said it has signed a deal for a $3 billion five-year loan, which will help the e-commerce giant as it snaps up stakes in companies within China and overseas.
Valeant gives Pershing Square 1 board seat, adds 2 other directors
(Reuters) – Embattled Valeant Pharmaceuticals International Inc said on Wednesday it has added a representative from shareholder Pershing Square Capital Management to its board of directors as well as two other new directors.
iHeartMedia wins temporary restraining order against creditors: filing
NEW YORK (Reuters) – iHeartMedia Inc, the largest owner of U.S. radio stations, on Wednesday secured a temporary restraining order from a state court in Texas rescinding notices of default it received from a small number of its senior creditors.
