Dumped by Honda, air bag maker faces fresh questions over future
TOKYO/WASHINGTON (Reuters) – Honda Motor Co said it will no longer use front air bag inflators made by Japan’s Takata Corp, raising questions about the future of the embattled parts supplier.
ECB’s Coeure says Greek banks must be fixed this year: newspaper
FRANKFURT (Reuters) – The recapitalization of Greek banks should be completed this year, a top European Central Bank official said on Wednesday.
Oil holds above $50 on Brazil supply worries
LONDON (Reuters) – Oil prices held above $50 a barrel on Wednesday following a 3 percent jump a day earlier on the back of Brazilian and Libyan supply worries, a U.S. pipeline outage and a general rally in riskier assets on hopes of more economic stimu…
Fed faces patchwork recovery despite near-normal labor markets
ALEXANDER CITY, Ala (Reuters) – As gleaming new factories turn out Airbus aircraft and Hyundai cars in Alabama’s urban centers, this small town that once was home to Russell Athletics shows the dilemma now faced by U.S. policymakers.
AB InBev, SABMiller extend takeover deadline to November 11
BRUSSELS (Reuters) – Brewer SABMiller Plc has extended the deadline for rival Anheuser-Busch InBev to make a formal $100 billion-plus takeover offer by a further week in order to finalize shareholder support for the deal.
Hyundai launches Genesis premium car brand in bid to end profit skid
SEOUL (Reuters) – South Korea’s Hyundai Motor Co said on Wednesday it will launch a new global luxury car brand called Genesis, targeting fat profit margins from high-end motorists to help it reverse out of a protracted earnings slide.
Tesla’s bullish production outlook drives stock higher
SAN FRANCISCO (Reuters) – Tesla Motors Inc promised to speed up production of its electric cars after a strong rollout of its Model X SUV, lifting its stock by more than 9 percent even as it posted its biggest loss in 10 quarters.
Icahn nods at Valeant interest, pushes for cash repatriation law
NEW YORK (Reuters) – Billionaire investor Carl Icahn made a cryptic reference suggesting he has an interest in embattled drug maker Valeant on Tuesday, and said he was speaking to U.S. politicians about a corporate cash repatriation law that would dete…
Lockheed, United Tech to close Sikorsky deal by Friday
WASHINGTON (Reuters) – Lockheed Martin Corp said it expects to close its $9 billion acquisition of Sikorsky Aircraft from United Technologies Corp on Friday, now that it has received final regulatory approval from China.
Lockheed wins preliminary deal worth up to $5.37 billion for more F-35s
WASHINGTON (Reuters) – Lockheed Martin Corp has won a preliminary contract valued at up to $5.37 billion to build a ninth batch of 55 F-35 jets for the U.S. military and its allies, the U.S. Defense Department said on Tuesday.
