Takata says CEO has no plans as of now to stand down
TOKYO (Reuters) – Japanese air bag maker Takata Corp , mired in a long-running safety recall crisis, said on Friday its Chairman and CEO Shigehisa Takada had no intention as of now to resign.
Rolls-Royce cuts senior manager jobs in savings drive
LONDON (Reuters) – British engineering company Rolls-Royce is cutting a few dozen senior management jobs, the latest move by its chief executive to revive a company reeling from low oil prices and a slowdown in aero-engine servicing.
Amazon shares plunge as record profit still misses estimates
(Reuters) – Amazon.com Inc posted its most profitable quarter ever on Thursday but the world’s No. 1 online retailer still managed to disappoint Wall Street by badly missing estimates, sending its shares down more than 13 percent in after-hours trading…
McDonald’s to launch 150 customized burger stores in China in 2016
HONG KONG (Reuters) – McDonald’s Corp plans to launch in China this year 150 outlets where clients can customize burgers to suit their tastes, as the world’s top restaurant chain aims to grow sales in the country after being hit by a fast-food scandal …
U.S. economy likely hit a speed bump in fourth quarter
WASHINGTON (Reuters) – U.S. economic growth likely braked sharply in the fourth quarter as businesses doubled down on efforts to reduce an inventory glut and unseasonably mild weather cut into consumer spending on utilities and apparel.
Microsoft beats Wall Street view on high demand for cloud products
(Reuters) – Microsoft Corp reported quarterly revenue and profit that beat analysts’ expectations, driven by aggressive cost cutting and growing demand for its cloud products and services.
Fed owns up to global risks in statement shift
SAN FRANCISCO/WASHINGTON (Reuters) – In the U.S. Federal Reserve’s arsenal of tools the characterization of economic risks is heavy artillery, used to flag the moments when major events like the 2003 Iraq war or the near crack-up of the euro zone in 20…
Alphabet changes results format to separate Google, other bets
(Reuters) – Hoping to provide greater clarity into the performance of its many holdings, Alphabet Inc said it would report financial results under two segments, Google and “Other Bets,” when it releases fourth-quarter earnings on Monday.
Jury orders Wal-Mart to pay pharmacist $31.22 million in bias case
(Reuters) – Wal-Mart Stores Inc was ordered by a federal jury in New Hampshire to pay $31.22 million to a pharmacist who claimed she was fired because of her gender and in retaliation for complaining about safety conditions.
DuPont faces 40 trials a year over cancer tied to Teflon chemical
NEW YORK (Reuters) – Chemical maker DuPont will face 40 trials a year starting April 2017 involving plaintiffs who say they developed cancer from a toxic chemical used to make Teflon that leaked from one of the company’s plants in West Virginia.
