GM unveils technology to help avoid child heatstroke deaths
DETROIT (Reuters) – General Motors Co said on Tuesday it will introduce a new safety system to remind drivers to check for children in the rear seats, and that it could eventually develop features to detect forgotten children.
Airbus shrugs off China concerns after outselling Boeing
PARIS (Reuters) – Europe’s Airbus is unperturbed by China’s financial turmoil, sticking to robust demand forecasts on Tuesday after beating arch-rival Boeing in the annual tally of global aircraft orders, despite failing to close a gap on total deliver…
Fed hikes need to be gradual, risk hurting emerging world: IMF chief
PARIS (Reuters) – Further interest rate hikes by the U.S. Federal Reserve should be gradual or they risk hurting already fragile emerging economies, where many companies borrow in dollars, the head of the International Monetary Fund said on Tuesday.
Ex-politician John Edwards among lawyers vying for lead role in Volkswagen suit
(Reuters) – Among the more than 140 plaintiffs’ lawyers competing to lead private litigation against Volkswagen over its emissions cheating scandal is former U.S. Senator and Democratic Vice-Presidential candidate John Edwards.
Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion
BEIJING (Reuters) – Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China’s richest man steps up a drive to diversify his business …
Porsche CEO seeks U.S. approval of diesel engine fix in January
DETROIT (Reuters) – Porsche is confident it will win approval from U.S. authorities by the end of January for plans to bring its larger diesel models capable of cheating U.S. emissions tests in line with the law, its chief executive said on Tuesday.
Starbucks, Walgreens to add Visa Checkout as payment option
(Reuters) – Visa Inc said several big merchants including Starbucks Corp and Walgreens Boots Alliance Inc have started accepting its digital payments service, Visa Checkout.
BP to slash thousands more jobs in face of oil downturn
LONDON (Reuters) – British oil and gas company BP announced plans on Tuesday to slash 5 percent of its global workforce in the face of a continued slump in oil prices.
Exclusive: Hedge fund stars join losers’ club for first time
NEW YORK (Reuters) – An elite group of hedge fund managers must have awakened on Jan. 1 with an unusual type of hangover: their first annual loss.
Exclusive: Hyundai plans to shift some small car output to Mexico next year – sources
SEOUL (Reuters) – Hyundai Motor Co is planning to build the new version of its Accent small car at a Mexican plant owned by sister company Kia Motors next year, two people familiar with the matter said, shifting some output of the low-margin vehicle ou…
