Takata air bag recall could take years to complete
DETROIT (Reuters) – Takata Corp’s record U.S. recall of potentially deadly air bag inflators could take years to complete, industry experts and safety advocates said, as automakers scrambled to line up replacement parts, some not from Takata.
U.S. airlines ramp up competition, capacity in Dallas
(Reuters) – The shares of U.S. airlines plunged on Wednesday on concerns that several big carriers are gearing up for a fare war, with Dallas as ground zero.
Corporate jet makers eye revival led by North America
GENEVA (Reuters) – Business jet makers, hit badly by the financial crisis, expect an upturn in mature economies such as the United States will encourage companies to once again buy new corporate planes or replace aging jets, executives said this week.
Deutsche Bank shifts power to co-CEO Jain in board reshuffle
FRANKFURT (Reuters) – Deutsche Bank reshuffled its management board late on Wednesday, consolidating restructuring authority under co-Chief Executive Anshu Jain while bidding farewell to its retail banking head Rainer Neske.
Global banks admit guilt in forex probe, fined nearly $6 billion
NEW YORK/LONDON (Reuters) – Four major banks pleaded guilty on Wednesday to trying to manipulate foreign exchange rates and, with two others, were fined nearly $6 billion in another settlement in a global probe into the $5 trillion-a-day market.
Tax scare on Yahoo’s Alibaba stake spin-off seen premature
(Reuters) – Yahoo Inc’s planned spin-off of its stake in Alibaba Group Holding Ltd is likely to proceed on a tax-free basis, analysts said, as Yahoo shares regained most of their losses after concerns of a possible change in U.S. tax rules spurred a sl…
McDonald’s, other fast-food workers, protest ahead of annual meeting
CHICAGO (Reuters) – Thousands of McDonald’s workers seeking a minimum wage of $15 per hour swarmed the fast-food giant’s headquarters for the first of two days of protests to coincide with the fast-food chain’s annual meeting on Thursday.
Target profit tops estimates on healthy sales growth
(Reuters) – Target Corp on Wednesday reported a larger-than-expected rise in quarterly profit, citing robust online sales and strong demand for products at the center of its growth plan.
Fed officials see June rate hike as unlikely: minutes
WASHINGTON (Reuters) – Federal Reserve officials believed it would be premature to hike interest rates in June even though most felt the U.S. economy was set to rebound from a dismal start to the year, according to minutes from their April policy meeti…
Dow, S&P 500 end slightly lower after Fed minutes
(Reuters) – U.S. stocks ended marginally lower on Wednesday after Wall Street saw little in the minutes from last month’s Federal Reserve meeting to alter expectations of when the central bank will raise interest rates.
