Panasonic says initial investment in Tesla battery factory will be ‘tens of billions’ of yen
CHIBA Japan (Reuters) – Panasonic Corp’s initial investment in Tesla Motors Inc’s battery factory will amount to “tens of billions” of yen, the Japanese company’s chief executive said on Tuesday.
JPMorgan Chase hackers tried infiltrating other institutions: WSJ
(Reuters) – Hackers who breached JPMorgan Chase & Co’s computer network earlier this year also tried to infiltrate other financial institutions, the Wall Street Journal reported, citing people familiar with the investigation.
Tesco chairman considers stepping down: WSJ
(Reuters) – British grocer Tesco Plc’s Chairman Richard Broadbent might consider resigning after the investigation into company’s accounting practices is complete, the Wall Street Journal reported, citing sources familiar with the matter.
Hewlett-Packard to split into two public companies, lay off 5,000
(Reuters) – Hewlett-Packard Co said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround …
Samsung Electronics says third quarter profit likely down 60 percent on year
SEOUL (Reuters) – Samsung Electronics Co Ltd on Tuesday said operating profit likely fell 59.7 percent in the July-September period to 4.1 trillion won ($3.8 billion) as earnings from its market-leading smartphone division likely continued to shrink.
Amazon to face EU investigation over Luxembourg tax deal: FT
(Reuters) – The European Commission is set to begin a formal probe into allegations that Luxembourg allowed Amazon.com Inc to benefit illegally from state subsidies for its European operations for almost 10 years, the Financial Times reported on Monday…
Exclusive: BNP asks other banks for help as dollar clearing ban nears
LONDON/NEW YORK (Reuters) – BNP Paribas has asked at least three banks to help it clear certain energy transactions in U.S. dollars next year to make sure it can keep its energy trade finance division operating after a ban imposed for violating U.S. sa…
U.S., UK regulators might settle Deutsche Bank Libor case this year: WSJ
(Reuters) – U.S. and British regulators are in a plan to settle the Deutsche Bank AG Libor case in the next few months as they hope to extract major penalties from the bank for alleged manipulation of the benchmark interest rate, The Wall Street Journa…
Chrysler recalls 21,470 commercial vans
DETROIT (Reuters) – Chrysler Group said on Monday that it is recalling an estimated 21,470 commercial full-size vans in the United States and Canada to replace their head restraints.
FSOC may tweak process for spotting super-risky firms
WASHINGTON (Reuters) – The U.S. top financial risk council may tweak the way in which it identifies insurers and other companies that are not banks as systemically important, a process the industry and politicians have fiercely criticized.
