Toyota to recall 6.5 million cars to fix power window switch
TOKYO (Reuters) – Toyota Motor Corp said on Wednesday it would recall 6.5 million vehicles globally to fix a defect in the power window switch in models including the Yaris/Vitz subcompact, Corolla, Camry and others.
U.S. oil output slide looms as shale firms hit productivity wall
HOUSTON (Reuters) – Stagnating rig productivity shows U.S. shale oil producers are running out of tricks to pump more with less in the face of crashing prices and points to a slide in output that should help rebalance global markets.
Honda Motor says plans to market partial self-driving car in 2020
TOKYO (Reuters) – Honda Motor Co said on Wednesday it aims to sell a car with automated highway driving functions around 2020, joining the race to market self-driving vehicles that pits traditional automakers against tech firms like Google.
China aims to lure private investors to projects: state media
SHANGHAI (Reuters) – China will look to push out tax breaks, introduce financial incentives and streamline approval processes for infrastructure projects seeking private investment, state media reported, as Beijing looks to drum up so far tepid interes…
Asia shares subdued, euro steady before ECB
SYDNEY (Reuters) – Asian equities got off to a sluggish start on Wednesday as concerns about corporate earnings hobbled Wall Street while investors counted down to the European Central Bank’s policy meeting later in the week.
Ferrari faithful rev IPO price to top of range
(Reuters) – Ferrari NV priced its initial public offering at the top of expectations on Tuesday, raising $893 million, as drivers enamored with the luxury sports car maker snapped up its shares alongside institutional investors, defying a choppy market…
Yahoo signs ad pact with Google; earnings and revenue miss
(Reuters) – Yahoo Inc said on Tuesday it had signed a search advertising deal with Google Inc, providing a potential boost to Marissa Mayer’s efforts to turn around the company, which also reported revenue and profit that fell short of market estimates…
Subway shifting all U.S. meat supplies to no-antibiotics
CHICAGO (Reuters) – Sandwich chain Subway will start serving antibiotic-free chicken and turkey at its U.S. restaurants next year, and within the next nine years will stop selling any meat from animals given antibiotics, the company said on Tuesday.
Consumer Reports criticizes reliability of Tesla Model S
DETROIT (Reuters) – Consumer Reports said it would no longer recommend Tesla’s Model S sedan due to reliability concerns, in a blow to the luxury electric-powered car initially awarded the highest-ever score in the U.S. magazine’s performance ratings.
Wall Street ends down with healthcare, IBM; United Tech rises
(Reuters) – U.S. stocks ended slightly lower on Tuesday as a decline in healthcare and biotech stocks offset gains in United Technologies and Verizon.
