U.S. officials say Takata air bag likely involved in fatal crash
WASHINGTON (Reuters) – The top U.S. auto safety regulator said on Friday a ruptured Takata Corp air bag was likely involved in the April 5 car crash that killed a 22-year-old Louisiana woman, which would make her death the seventh linked to an air bag …
Twitter seeks new CEO, and more users, as Costolo exits
(Reuters) – Some things can’t be summed up in 140 characters.
EU holds first talks on Greek default as Athens holds out hope
ATHENS/BRUSSELS (Reuters) – EU officials have held their first formal talks on the possibility of a Greek default, officials said on Friday, but the darkening outlook failed to fluster Prime Minister Alexis Tsipras, who holed up with his negotiators af…
GM to lay off workers, cut production at Michigan small-car plant
DETROIT (Reuters) – General Motors Co will lay off 100 workers and cut production at its Orion Assembly small-car plant in suburban Detroit because of slow sales, the company said on Friday.
Boeing near deal to sell 100 737 MAX to AerCap: sources
PARIS (Reuters) – Boeing Co is close to a long-sought deal to sell 100 of its 737 MAX passenger jets to Dutch aircraft leasing company AerCap , two people familiar with the deal said on Friday.
China weakness hits Prada, threatens profit margin
MILAN/HONG KONG (Reuters) – Italian luxury goods group Prada warned on Friday its profit margin could fall this year if weak consumer spending in Asia persisted, after posting a 44 percent drop in net profit for the three months ended April.
Exclusive: BlackBerry may put Android system on new device: sources
TORONTO (Reuters) – BlackBerry is considering equipping an upcoming smartphone with Google Inc.’s Android software for the first time, an acknowledgement that its revamped line of devices has failed to win mass appeal, according to four sources familia…
U.S. consumer confidence jumps; producer prices increase
WASHINGTON (Reuters) – U.S. consumer confidence surged in early June on expectations that a tightening labor market would spur big wage raises, which could further stimulate spending and overall economic growth later this year.
FedEx to take $2.2 billion charge on pension accounting change
(Reuters) – Parcel delivery service FedEx Corp said it would record a $2.2 billion non-cash pretax charge related to a change in the way it accounts for pensions.
U.S. consumer sentiment climbs in June
NEW YORK (Reuters) – U.S. consumer sentiment rose more than expected in June, a survey released on Friday showed.
