VW controlling family to meet to discuss leadership crisis – sources
BERLIN/STUTTGART (Reuters) – The family that controls Volkswagen will meet over the coming days to discuss a leadership crisis at Europe’s biggest carmaker sparked by Chairman Ferdinand Piech’s criticism of CEO Martin Winterkorn, company sources told R…
Insurer Old Mutual picks Standard Bank’s Hemphill as new CEO
LONDON (Reuters) – Africa-focused insurance company Old Mutual said on Wednesday that it had appointed Standard Bank executive Bruce Hemphill to lead the company, replacing Julian Roberts.
Samsung Electronics says demand for Galaxy S6 models much higher than planned for
SEOUL (Reuters) – South Korean tech giant Samsung Electronics Co Ltd on Wednesday said demand for both the flat-screen and curved-screen models of its new flagship Galaxy S6 smartphones is “much higher” than initially planned for.
Toyota to move Corolla production to Mexico to cut costs: Globe and Mail
(Reuters) – Toyota Motor Corp , the world’s biggest automaker, plans to move production of its Corolla compact cars to a new factory in Mexico from Canada to benefit from lower costs, the Globe and Mail reported, citing sources familiar with the situat…
U.S. crude oil output to soar till 2020 despite price rout: EIA
NEW YORK (Reuters) – The U.S. government on Tuesday forecast domestic crude production will rise even more than expected a year ago, undeterred by the worst price rout since the financial crisis.
Target nears $20 million MasterCard data breach settlement: WSJ
(Reuters) – Target Corp is nearing a settlement with MasterCard Inc to reimburse financial institutions about $20 million for costs incurred from the retailer’s massive data breach in 2013, the Wall Street Journal reported.
China first-quarter GDP growth seen dipping to 6-year low, more policy stimulus on cards
BEIJING (Reuters) – China’s annual economic growth likely slowed to a six-year low of 7 percent in the first quarter as demand at home and abroad faltered, fanning expectations that authorities will have to roll out more policy stimulus to avert a shar…
Wall Street ends higher after bounce in oil prices
NEW YORK (Reuters) – The Dow and S&P 500 ended higher on Tuesday, helped by energy stocks and quarterly earnings reports that topped modest expectations following worries about a strong dollar.
Oil rises on U.S. production dips, Middle East tensions
NEW YORK (Reuters) – Crude oil futures rose on Tuesday on signs of falling U.S. oil production, weakness in the dollar and tensions in the Middle East, particularly Yemen.
Intel sees revenue holding, cuts capital spending, shares up
(Reuters) – Chipmaker Intel Corp forecast revenue broadly in line with Wall Street’s expectations and signaled a hefty cut in capital expenditures this year, lifting its shares in after-hours trading.
