Japan readies fuel cell subsidies in bet on Toyota’s next big thing
TOKYO (Reuters) – Japan is readying subsidies to help Toyota Motor Corp and key suppliers take the lead in hydrogen-powered fuel cell vehicles that could top $400 million over the next several years if the most bullish projections for the technology pl…
Fiat CEO says tie-up with Volkswagen was never on agenda
TURIN Italy (Reuters) – Fiat Chrysler CEO Sergio Marchionne on Wednesday quashed speculation of a possible tie-up with Germany’s Volkswagen , saying the idea had never been on the agenda.
GSK cuts outlook as weak lung drug sales and strong pound hit
LONDON (Reuters) – GlaxoSmithKline cut its 2014 outlook after sales fell by a worse-than-expected 13 percent in the second quarter as its all-important lung drugs struggled in the United States and a strong pound took a bite out of growth.
Wall Street rejects Ackman’s Herbalife ‘death blow’
NEW YORK (Reuters) – Billionaire investor William Ackman’s latest volley of accusations against Herbalife Ltd on Tuesday missed its mark on Wall Street, with investors sending the stock price soaring 25 percent.
Europe edges up on earnings, risk aversion remains
LONDON (Reuters) – European equities edged higher in early trade on Wednesday, extending gains from Tuesday after a batch of positive earnings and U.S. economic data briefly calmed worries over stretched valuations and the pace of economic recovery.
Watch what markets don’t do as world politics turns nasty
LONDON (Reuters) – Like so much in the investment world of late, it’s what financial markets are not doing right now that is most intriguing.
U.S., European airlines halt flights to Israel due to instability
(Reuters) – Air carriers in the United States and Europe on Tuesday halted flights to Tel Aviv after warnings from governmental agencies in an effort to ensure passenger safety as turmoil in Israel and the region intensified.
Puerto Rico debt crisis headed for U.S.-style bankruptcy resolution
(Reuters) – Momentum is building toward a deal that would make painful losses inevitable for investors holding about $20 billion in bonds issued by Puerto Rico’s highway, water and electricity authorities even as some big U.S. mutual funds launch a leg…
Microsoft sees end to Nokia losses, shares rise after hours
SEATTLE (Reuters) – Microsoft Corp said it aims to get its loss-making Nokia phone unit to break even within two years, helping its stock rise in after-hours trade.
U.S. judge orders Argentina, creditors to meet until deal reached
NEW YORK (Reuters) – A U.S. judge ordered Argentina and investors who did not participate in the country’s past debt restructurings to meet “continuously” with a court-appointed mediator until a settlement is reached, warning of the threat of a new def…
