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.
Big companies disclose too little on operations abroad: watchdog
BERLIN (Reuters) – The world’s biggest companies disclose little or no financial details about their operations abroad, according to a report by Transparency International, which singled out Chinese companies but pointed to U.S. tech giants like Amazon…
Wells Fargo sticks to what it knows in overseas push
LONDON (Reuters) – Wells Fargo & Co , the world’s biggest bank by stock market value, remains on the lookout to buy loan portfolios in Europe but is in no hurry to snap up an ailing bank to speed up its international growth, a senior executive told Reuters.
U.S. services sector slows; private payrolls increase
WASHINGTON (Reuters) – U.S. services industry activity slowed for a second straight month in October, the latest indication the economy has lost some momentum.
Boeing plans to develop new airplane to replace 737 MAX by 2030
ABU DHABI (Reuters) – Boeing Co has sketched out plans to develop an all-new aircraft, with new engines and likely a composite structure, to replace its 737 MAX jetliner by 2030, Chief Executive Officer Jim McNerney said on Wednesday.
Fed issues rule to prevent oversized U.S. financial firms
WASHINGTON (Reuters) – The U.S. Federal Reserve unveiled a final rule on Wednesday designed to prevent large financial firms from becoming so big that their failure could shake the core of the U.S. financial market.
Exclusive: Peugeot takes low-cost step with Moroccan outsourcing
PARIS (Reuters) – PSA Peugeot Citroen will open an engineering center in Morocco with consulting firm Altran in the first major step under new boss Carlos Tavares to increase the French carmaker’s footprint in lower-wage countries, sources said.
Chrysler Group profit jumps, keeps 2014 outlook; shares gain
DETROIT (Reuters) – Chrysler Group LLC, a unit of Fiat Chrysler Automobiles , on Wednesday reported third-quarter net income of $611 million, up 32 percent from a year earlier, and kept its full-year outlook, sending shares up in early trading.
Fed’s Fisher says hopes new Congress will not interfere with Fed’s independence
WASHINGTON (Reuters) – Dallas Federal Reserve president Richard Fisher said on Wednesday he hopes the new Republican-controlled Congress will limit any new laws that might endanger the Fed’s independence.
Reuters poll: ECB can weaken euro but only via sovereign QE – FX strategists
(Reuters) – The European Central Bank can still weaken the euro but only by buying sovereign bonds of the 18 countries that use the single currency, according to a majority of foreign exchange strategists polled by Reuters.
