Contest for Nokia’s HERE seen as a three-way race
NECKARSULM, Germany (Reuters) – The contest for Nokia’s maps business has become a three-way race between German carmakers, a consortium including Uber and Baidu, and a third group including China’s Tencent and Navinfo, people familiar with the process…
Nokia CEO says in no hurry to sell mapping unit HERE: magazine
HELSINKI (Reuters) – Nokia is in no hurry to sell its mapping unit HERE despite receiving high quality bids, the Finnish company’s chief executive said in a trade magazine interview.
Porsche recalls 918 Spyder on cooling system risk
FRANKFURT (Reuters) – Germany’s Porsche on Friday launched a precautionary worldwide recall of its 918 Spyder sportscar, which can cost up to 850,000 euros ($937,000), saying a carbon fibre part could damage the cooling system and needed to be checked….
Fed still seen in lift-off mode as Yellen takes center stage
NEW YORK (Reuters) – The U.S. Federal Reserve is likely to stick with plans to raise interest rates later this year, with progress towards its employment and inflation goals helping allay concerns over the economy’s recent weakness, current and former …
Exclusive: Altice seeks financing for Time Warner Cable bid: sources
SAN FRANCISCO/LONDON (Reuters) – French telecommunications group Altice SA is talking to several banks about raising debt for a potential bid for Time Warner Cable Inc, the second-largest U.S. cable operator, according to people familiar with the matte…
British banks planning for EU ‘no’ stymied by lack of European office space
LONDON (Reuters) – A shortage of prime office space in rival European financial centres may torpedo plans by some of London’s banks to quit the UK capital if Britain opts out of European Union membership.
Audi chairman says will take ‘bit of time’ to replace Piech on board
NECKARSULM, Germany (Reuters) – Audi Chairman Martin Winterkorn said on Friday it would still take “a bit of time” to replace Ferdinand Piech and his wife on the luxury carmaker’s supervisory board.
ECB’s Draghi urges Europe to reform to brighten dim prospects
SINTRA, Portugal (Reuters) – The president of the European Central Bank called on euro zone countries to reform their economies, warning that future growth, in the face of entrenched unemployment and low investment, will be modest.
U.S. drivers yield ‘swing’ oil demand crown to Saudis
NEW YORK (Reuters) – As the United States raced over the past five years toward becoming a global petroleum powerhouse, the world’s biggest oil exporter Saudi Arabia quietly seized a market milestone from America: the largest source of peak summer dema…
Mazda, Mitsubishi add 624,000 more cars to Takata air bag recall
TOKYO (Reuters) – Mazda Motor Corp and Mitsubishi Motors Corp said on Friday they would recall about 624,000 more vehicles to replace air bag inflators made by Japan’s Takata Corp , following similar moves last week by domestic automakers.
