Suzuki says to buy back Volkswagen stake for up to $3.9 billion
TOKYO (Reuters) – Suzuki Motor Corp is buying back the 19.9 percent stake held by top shareholder Volkswagen AG for up to $3.9 billion, after an international arbitration court last month ordered the German automaker to sell its holding.
Cisco router break-ins bypass cyber defenses
FRANKFURT (Reuters) – (Company corrects the 15th paragraph beginning “The malicious programme…” to clarify that the nickname SYNful refers to the signal routers sent to open up communication with other routers, rather than how the implanted software …
Apple faces hurdles as it positions iPad Pro for business use
SAN FRANCISCO (Reuters) – Apple Inc. faces significant challenges selling its larger and more powerful iPad Pro to businesses because companies are reluctant to switch software vendors and use an expensive device that lacks specialized business apps, a…
UAW, Fiat Chrysler reach tentative U.S. labor pact
DETROIT (Reuters) – A tentative labor contract covering 40,000 U.S. workers at Fiat Chrysler Automobiles NV could eventually end a controversial two-tier pay system and could offer a new approach to curbing medical costs, the company’s chief executive …
Emerging markets face Fed meeting forewarned, inadequately armed
SINGAPORE (Reuters) – Despite the long drum roll anticipating what could be the U.S. Federal Reserve’s first monetary tightening in years, the odds of the Fed lifting interest rates this week have lengthened so much that emerging markets could be hit h…
Volatility seen lingering no matter what the Fed does
NEW YORK (Reuters) – While investors, traders and forecasters may be on the fence as to whether the Fed pulls the trigger this week on the first U.S. interest rate hike in nearly a decade, Wall Street’s “smart money” is decisive on one thing: market vo…
U.S. Air Force warns F-35 order review could damage program
NATIONAL HARBOR, Md. (Reuters) – U.S. Air Force Chief of Staff General Mark Welsh on Tuesday warned that short-term moves to revise downward the Air Force’s planned purchase of 1,763 Lockheed Martin Corp F-35 stealth fighters could damage the program a…
Toys R Us hires fewer seasonal employees, offers more hours
(Reuters) – U.S. retailer Toys R Us said it will hire 40,000 seasonal workers for the upcoming holiday shopping season, down from 45,000 last year, as it aims to offer more working hours to new and current employees.
UAW, Fiat Chrysler reach tentative labor pact
DETROIT (Reuters) – Fiat Chrysler Automobiles and the United Auto Workers union reached a tentative agreement for a new labor contract for the company’s 40,000 unionized workers in the United States, the union and the company said Tuesday evening.
Fiat Chrysler, UAW reach tentative new labor pact, both sides say
DETROIT (Reuters) – Fiat Chrysler Automobiles and the United Auto Workers union reached a tentative agreement for a new labor contract for the company’s 40,000 unionized workers in the United States on Tuesday, the union and the company said.
