Takata adds nearly $30 million to special loss to cover air bag recalls, cuts outlook
TOKYO (Reuters) – Japanese air bag maker Takata Corp booked nearly $30 million in extra charges for vehicle recalls to replace potentially deadly air bag inflators, as well as other costs, tipping it toward a bigger annual loss than previously forecast…
Nissan Motor expands plan for Rogue exports to U.S. from South Korea
SEOUL (Reuters) – The Renault-Nissan alliance said on Thursday it would export 38 percent more Nissan Rogue crossovers to the United States from South Korea in 2015 than planned earlier, to meet rising demand in North America.
Hyundai to unveil refreshed SUV to revive key market sales
SEOUL (Reuters) – Hyundai Motor will in March unveil the first major makeover of its top-selling Tucson sports utility vehicle in six years in a bid to revive growth in key markets like Europe and the United States where SUV sales are now strong.
Weatherford to cut 5,000 jobs as it fights oil slump
(Reuters) – Weatherford International Plc plans to cut 5,000 jobs, or about 9 percent of its workforce, by the end of the first quarter as the oil services company tries to save costs amid sinking oil prices and budget cuts.
Fourth day of U.S. refineries strike ends with new offer
HOUSTON (Reuters) – The United Steelworkers union (USW) said a new contract offer was made by lead oil company negotiator Royal Dutch Shell Plc on Wednesday night as a strike by U.S. refinery workers ended its fourth day.
Ending an era, CME Group to shutter most futures pits
(Reuters) – The world’s largest futures market operator will shutter almost all of its open-outcry futures pits by July 2, ringing the closing bell on a once-raucous tradition that has been in decline since the rise of computerized trading.
U.S. West Coast shippers invoke specter of port shutdowns
LOS ANGELES (Reuters) – The chief labor negotiator for shippers and terminal operators at 29 U.S. West Coast ports raised the ante in contract talks with the dockworkers’ union on Wednesday, warning that ports plagued by chronic cargo slowdowns were da…
Yum’s China sales fall less than expected, shares rise
(Reuters) – Yum Brands Inc , owner of KFC and Pizza Hut, said on Wednesday that sales at established restaurants in its biggest market China fell less than feared in the fourth quarter as it fights to recover from a food scandal involving a minor suppl…
Shift in small business spending may curb Staples-Office Depot growth
(Reuters) – It’s the changing spending patterns of small business owners like Thomas Kean that helped prompt Staples Inc to buy Office Depot . It also may limit their post-merger growth prospects.
Paypal’s retail chief quits ahead of eBay split
SAN FRANCISCO (Reuters) – Paypal executive Don Kingsborough, who helped orchestrate the payments company’s move into physical retail stores, stepped down in January, the company said on Wednesday.
