Honda restates earnings after booking expanded airbag recall costs
TOKYO (Reuters) – Honda Motor Co on Friday restated its financial results for the business year ended March, to account for additional costs to cover an expanded recall of cars equipped with Takata Corp air bag parts.
Decision time strikes for Greek enigma Tsipras
BRUSSELS (Reuters) – After five months in power, Greek Prime Minister Alexis Tsipras has 48 hours to make a decision that will shape his country’s future for decades, yet his negotiating partners cannot be sure which way he will jump.
Tesco sales down less than expected in first quarter
LONDON (Reuters) – Britain’s biggest supermarket chain Tesco said sales had declined less than expected in its first quarter, suggesting a tentative recovery in its key home market could be starting to move onto a stronger footing.
Aetna close to buying Humana: Bloomberg
(Reuters) – U.S. health insurer Aetna Inc is close to buying rival Humana Inc and a deal could be signed as early as this weekend, Bloomberg reported, citing people familiar with the matter.
GE invests in $348 million windfarm after Australian subsidy deadlock ends
SYDNEY (Reuters) – General Electric Co said it will help fund a $348 million Australian windfarm, the country’s third largest, after political leaders ended a deadlock over state subsidies that had stalled the $13 billion industry for over a year.
Takata CEO compensation more than halves last financial year: filing
TOKYO (Reuters) – Takata Corp Chief Executive Shigehisa Takada earned less than 100 million yen ($810,373) in the business year ended in March, or less than half of the 206 million yen ($1.67 million) he took home in the previous year, a regulatory fil…
China’s aviation boom drives airport building frenzy
BEIJING (Reuters) – When Mangshi opened its airport two decades ago, the small tropical city on China’s border with Myanmar was served by few airlines. China’s recent travel boom has changed that – seven carriers brought in more than 1 million visitors…
Japan, U.S. can reach agreement for July pan-Pacific trade deal: Japan official
TOKYO (Reuters) – Japan and the United States are likely to resolve outstanding bilateral issues so that a 12-nation Trans-Pacific Partnership (TPP) deal can be struck at a multilateral ministerial meeting expected in July, a senior Japanese official s…
Capital One, Apollo among bidders for GE health-care lender: Bloomberg
(Reuters) – Capital One Financial Corp and Apollo Global Management have bid for General Electric Co’s health-care finance unit, which could fetch more than $11 billion, Bloomberg reported.
Citigroup combines retail banking and mortgage operations
HONG Kong (Reuters) – Citigroup Inc will combine its retail banking and mortgage operations under Jonathan Larsen, according to an internal memo seen by Reuters, in the second senior promotion for a veteran of the bank’s Asian franchise this year.
