Tesla boosts model S Sedan’s warranty coverage after criticism
Aug 15 (Reuters) – Electric carmaker Tesla Motors Inc TSLA.O said on Friday it had boosted warranty coverage on its Model S sedan, a week after an influential U.S. consumer magazine highlighted problems with the $70,000-plus vehicle.
Wall Street ends mixed, recovers from Ukraine-driven slide
NEW YORK (Reuters) – U.S. stocks ended mixed on Friday, paring an earlier selloff sparked by reports of Ukraine shelling a Russian armored column.
Coke’s Monster deal underlines caution on full-blown M&A
NEW YORK (Reuters) – Coca-Cola Co’s $2.15 billion wager on a stake in Monster Beverage Corp highlights the growth-starved soft drink company’s embrace of deals that fall short of a full-blown merger and acquisition but allow it to test-drive potentially risky targets.
Morgan Stanley must pay $4.5 million to Banamex: panel
(Reuters) – A unit of Morgan Stanley must pay $4.5 million to Citigroup Inc’s Banamex unit which alleged the firm had allowed funds in a family’s trust account to be used to repay third-party loans without its authorization, according to a ruling on Fr…
Exclusive: AIG boosting Washington lobbying effort as hiatus prompted by crisis ends
WASHINGTON (Reuters) – Insurer American International Group is ramping up its lobbying team in Washington, almost six years after it halted such efforts following its rescue by the U.S. government during the financial crisis.
Ford recalls 160,000 Focus, Escape models for wiring problem
DETROIT (Reuters) – Ford Motor Co is recalling nearly 160,000 Focus ST sedans and Escape crossovers from model years 2013-2014 to correct a wiring problem that could affect engine performance, the company said on Friday.
Holders of Argentina eurobonds plan to appeal U.S. court ruling
NEW YORK (Reuters) – Holders of euro-denominated Argentine bonds plan to appeal a U.S. judge’s ruling blocking the country from making payments on their debt, according to a court filing on Friday.
Porsche prevails at U.S. appeals court over VW squeeze
NEW YORK (Reuters) – Porsche Automobil Holding SE persuaded a U.S. federal appeals court to uphold the dismissal of a lawsuit by more than 30 hedge funds that claimed to suffer big losses because the German automaker fraudulently cornered the market in…
FedEx indicted on new criminal charges in online pharmacy case
SAN FRANCISCO (Reuters) – FedEx Corp faces a new charge of conspiring to launder money in a U.S. criminal case over the company’s drug deliveries for rogue online pharmacies despite warnings from law enforcement.
Robust manufacturing output buoys U.S. economic outlook
WASHINGTON (Reuters) – U.S. manufacturing output rose broadly in July and automobile production recorded its largest increase in five years, boosting the economy at the start of the third quarter.
