Takata warns of bigger loss, says air bag customers not cancelling
TOKYO (Reuters) – Takata Corp, whose potentially defective air bags have been linked to four deaths in the United States, warned of a bigger full-year loss and skipped its dividend – the first time it did not offer a payout since it listed in 2006.
Hyundai Motor, Kia Motors aim to raise fuel economy by 25 percent by 2020
SEOUL (Reuters) – Hyundai Motor and its affiliate Kia Motors said on Thursday they aim to raise the average fuel economy of their vehicles by 25 percent by 2020 to meet emissions regulations in South Korea, the United States and Europe.
Honda ordered to give Takata air bag papers to U.S. agency
DETROIT (Reuters) – U.S. safety regulators ordered Japanese automaker Honda Motor Co Ltd on Wednesday to provide documents and answer questions under oath about potentially defective air bags installed in millions of recalled U.S. vehicles.
GM tells court it not liable for claims over pre-bankruptcy cars
NEW YORK (Reuters) – General Motors said in a court filing on Wednesday that it should not have to face lawsuits based on safety issues in cars made before its 2009 bankruptcy, including a faulty ignition switch that led to the recall of 2.6 million ca…
Dow, S&P 500 close at records after midterm vote
NEW YORK (Reuters) – U.S. stocks rose on Wednesday, with both the S&P 500 and Dow advancing to records, after Republicans took control of the Senate, allaying fears of drawn-out runoffs and raising investor hopes for more business- and energy-friendly policies.
Qualcomm sees more China trouble, faces probes in U.S., Europe
SAN FRANCISCO (Reuters) – Qualcomm Inc warned on Wednesday that an antitrust investigation and problems collecting royalties could harm its business in China next year and it also disclosed new regulatory investigations in the United States and Europe….
Tesla third-quarter loss doubles to $75 million, shares jump
DETROIT (Reuters) – Tesla Motors Inc shares rose more than 7 percent in after-hours trading on Wednesday after the electric-car maker beat analysts’ expectations for third-quarter results.
Companies sign secret tax deals with Luxembourg: report
(Reuters) – More than 300 companies, including PepsiCo Inc , AIG Inc and Deutsche Bank AG , secured secret deals from Luxembourg to slash their tax bills, the International Consortium of Investigative Journalists (ICIJ) reported, quoting leaked documen…
Strong book sales push News Corp profit above estimates
(Reuters) – News Corp , publisher of the Wall Street Journal, reported quarterly revenue and profit above estimates, helped by higher sales at its book publishing and online real estate businesses.
Dow, S&P 500 close at records after midterm vote
NEW YORK (Reuters) – U.S. stocks rose on Wednesday, with both the S&P 500 and Dow advancing to records, after Republicans took control of the Senate, allaying fears of drawn-out runoffs and raising investor hopes for more business- and energy-friendly policies.
