Worried about broader fallout, Japan moves to contain air bag crisis
TOKYO (Reuters) – Japan’s auto recall enforcement division, whose 16 members work from a cramped office on the eighth floor of the transport ministry building in Tokyo, only found out about safety issues with Takata Corp air bags in late-2008 – more th…
IBM signs $1.25 billion WPP cloud deal and says more coming
LONDON (Reuters) – IBM is enjoying a wave of major technology outsourcing deals from European customers in the fourth quarter and the new contract signings are not over yet, an executive for the computer sciences giant said in an interview.
IBM signs $1.25 billion WPP cloud deal and says more coming
LONDON (Reuters) – IBM is enjoying a wave of major technology outsourcing deals from European customers in the fourth quarter and the new contract signings are not over yet, an executive for the computer sciences giant said in an interview.
Lufthansa pilots to strike again on long-haul on Thursday
FRANKFURT (Reuters) – Pilots at Deutsche Lufthansa AG said they would strike again on Thursday on long-haul and cargo flights, after a two-day stoppage on Monday and Tuesday stranded thousands of travellers.
Energy shares lead Wall Street higher; telecoms slip
NEW YORK (Reuters) – U.S. stocks rose on Tuesday as energy stocks led the S&P 500 and Dow, while Biogen’s rally on news about an experimental treatment for Alzheimer’s disease topped gains at the Nasdaq.
Tight new rules may boost shadow banks, U.S. risk watchdog warns
WASHINGTON (Reuters) – Tough new rules to make banks safer after the credit crisis are imperfect and could boost less-regulated activities in the so-called shadow banking system, a top U.S. government research group said on Tuesday.
Tight new rules may boost shadow banks, U.S. risk watchdog warns
WASHINGTON (Reuters) – Tough new rules to make banks safer after the credit crisis are imperfect and could boost less-regulated activities in the so-called shadow banking system, a top U.S. government research group said on Tuesday.
Pimco fund posts 19th month of outflows, but CIO touts stabilization
NEW YORK (Reuters) – The Pimco Total Return Fund posted its 19th straight month of outflows in November, totaling $9.5 billion, but withdrawals are down dramatically since former Chief Investment Officer Bill Gross’ exit.
BNY Mellon gives activist investor Trian Fund a board seat
(Reuters) – Bank of New York Mellon said it elected Ed Garden, a founding partner of activist investor Trian Fund Management LP, to its board.
Bezos defends Amazon’s lack of profits, stance on publishers
NEW YORK (Reuters) – Jeff Bezos, the chief executive of Amazon.com Inc , was unapologetic about his twenty-year-old company’s lack of profit during a rare public appearance on Tuesday, noting he spends just six hours a year on investor relations.
