Takata to comply with U.S. order to expand regional recall: Nikkei
TOKYO (Reuters) – Takata Corp is preparing to comply with a U.S. order to expand a region-specific recall nationwide, the Nikkei said on Tuesday, a move that’s likely to add millions more to the tally of cars called back to replace potentially deadly a…
Honda says November China auto sales down 12 percent on year
SHANGHAI (Reuters) – Honda Motor Co Ltd and its two Chinese joint ventures sold 72,973 vehicles in China in November, down 12.1 percent from a year earlier, the Japanese automaker said on Tuesday.
Russia’s South Stream pipeline falls victim to Ukraine crisis, energy rout
SINGAPORE/LONDON (Reuters) – Russia’s $40 billion South Stream gas pipeline project has fallen victim to plunging energy prices, stalling European demand and the political standoff between the European Union and Moscow over the crisis in Ukraine.
Global banks return to profit, but Europe lags: study
LONDON (Reuters) – The global banking industry has moved beyond recovery and regained overall profit for the first time since the financial crisis, although European lenders are still lagging far behind rivals, an industry study showed.
China to crack down on tax avoidance by foreign firms: Xinhua
SHANGHAI (Reuters) – China will toughen its stance on tax avoidance by foreign firms to prevent tax payments being directed overseas, the official Xinhua news agency has said, after Beijing levied $140 million in back taxes from U.S. firm Microsoft Cor…
China’s fourth-richest man seeks expansion with $6 billion IPO of Dalian Wanda property unit
BEIJING/HONG KONG (Reuters) – Wang Jianlin plans to raise as much as $6 billion from selling shares in Dalian Wanda Commercial Properties Co Ltd , to help fund the expansion of an empire built at speed using cheap government land.
Design flaws led to 2013 lithium-ion battery fire in Boeing 787: U.S. NTSB
WASHINGTON (Reuters) – A lithium-ion battery that caught fire aboard a parked Boeing 787 in 2013 in Boston had design flaws and it should not have been certified by the U.S. Federal Aviation Administration, U.S. accident investigators said on Monday.
Cyber Monday sales start slow as early discounts hurt
NEW YORK (Reuters) – U.S. online sales grew a smaller than expected 8 percent on Cyber Monday after web promotions before and during the Thanksgiving weekend robbed business from what has traditionally been the busiest day of the year for Internet shop…
Claims in GM ignition-switch program up slightly, another death eligible
DETROIT (Reuters) – Claims related to a faulty ignition switch in General Motors Co vehicles rose slightly in the last week, including an additional death attributed to the defect, according to an official report on Monday.
Apple tumbles as much as six percent in unusual trading
NEW YORK (Reuters) – Apple Inc shares tumbled shortly after the start of trading on Monday, briefly suffering their largest price drop in at least three months on an unusual spike in volume.
