Honda, GM consider joint fuel cell plant: Asahi Shimbun
TOKYO (Reuters) – Honda Motor and General Motors are considering jointly building a fuel cell plant as the automakers try to cut the cost of developing electric cars, Japan’s Asahi Shimbun daily reported on Saturday.
Oil plunges below $29 on prospects of more Iran crude, China worries
NEW YORK (Reuters) – Oil prices crashed 6 percent on Friday to close below $30 a barrel for the first time in 12 years, resuming this year’s breathtaking rout as Chinese stock markets fell further and traders braced for an imminent rise in Iran’s expor…
Wall St. hemorrhages as oil tumbles and China fears deepen
(Reuters) – Wall Street bled on Friday, with the S&P 500 sinking to its lowest since October 2014 as oil prices sank below $30 per barrel and fears grew about economic trouble in China.
Exclusive: Telefonica eyes AT&T’s $10 billion Latin American TV assets – sources
(Reuters) – Spanish telecommunications company Telefonica SA has expressed interest in buying AT&T Inc’s pay TV assets in Latin America, which could be valued at around $10 billion, according to people familiar with the matter.
Wal-Mart merges tech teams in online push
(Reuters) – Wal-Mart Stores Inc is merging an Arkansas-based division that develops computer systems for its stores with a fast-growing technology unit in Silicon Valley, aiming to hasten its move to compete in the online era.
As world markets drop, Fed officials try to shake it off
SOMERSET, N.J./SAN FRANCISCO (Reuters) – As U.S. stock indexes dropped in volatile trading and oil crashed below $30 a barrel on Friday, Federal Reserve officials stuck to a well-worn script: day-to-day financial market swings do not drive monetary pol…
Weak U.S. data deluge points to sharply slower growth
WASHINGTON (Reuters) – U.S. retail sales fell in December as unseasonably warm weather undercut purchases of winter apparel and cheaper gasoline weighed on receipts at service stations, the latest indication that economic growth braked sharply in the f…
House committee seeks testimony from ‘Pharma Bro’ Shkreli
WASHINGTON (Reuters) – A U.S. congressional panel has asked pharmaceutical entrepreneur Martin Shkreli to testify at a Jan. 26 hearing about his company’s decision to raise the price of a life-saving prescription drug, according to a Republican committ…
Ex-GM engineer acknowledges ‘mistakes’ made over ignition switch
NEW YORK (Reuters) – Jurors on Friday heard testimony from a former General Motors engineer who approved a faulty ignition switch 12 years before its problems prompted a massive recall that came too late, according to lawyers for a man suing GM over in…
Citigroup, Wells Fargo gird for loan losses as oil price dives
(Reuters) – U.S. banks stockpiled their defenses against rising loan losses on Friday as oil prices dived below $30 a barrel and global equity markets fell sharply.
