Intel’s CEO looks to hobbyists for wearable innovations
SAN MATEO, California (Reuters) – Intel Corp’s Chief Executive Officer Brian Krzanich mingled with electronics buffs at Silicon Valley’s annual maker mecca on Saturday as the chipmaker looks to amateur inventors to inspire a new wave of smart clothing….
UK housing market has deep problems, says BoE’s Carney
LONDON (Reuters) – The British housing market has “deep, deep” structural problems which pose the biggest current risk to the economy, Bank of England Governor Mark Carney has said in an interview.
U.S. states take lead in writing bitcoin rules
CHICAGO (Reuters) – A task force of U.S. state regulators is working on the first bitcoin rule-book, the head of the group said, hoping to protect users of virtual currency from fraud without smothering the fledgling technology.
U.S. safety regulators upgrade Kia Sorento sunroof probe
WASHINGTON (Reuters) – U.S. safety regulators have upgraded an investigation involving 65,347 Kia Sorento sport utility vehicles after receiving consumer complaints that the optional glass sunroof had shattered.
Hyundai recalling more than 140,000 Tucson crossover vehicles
WASHINGTON (Reuters) – Hyundai Motor Co is recalling more than 140,000 Tucson crossover utility vehicles because the air bag assembly may come loose from its mounting on the steering wheel, according to documents filed with U.S. auto safety regulators….
Italy investigates mobile app practices at Apple, Google, Amazon
MILAN (Reuters) – U.S. tech giants Apple, Google and Amazon and French game developer Gameloft are under investigation in Italy for alleged unfair commercial practices, the country’s antitrust and competition authority said.
Adidas CEO to prepare succession in coming years: report
BERLIN (Reuters) – The long-serving chief executive of Germany’s Adidas said preparing the sportswear giant for a change at the top when his contract ends in 2017 will be among his biggest priorities, Sueddeutsche Zeitung reported on Saturday.
South Africa’s Amplats CEO apologizes for comments on fair pay
JOHANNESBURG (Reuters) – The chief executive of strike-hit Anglo American Platinum (Amplats) apologized for saying this week his seven figure salary was justified because he was skilled whereas miners were not.
GM to pay $35 million U.S. fine for delayed response
WASHINGTON (Reuters) – General Motors Co was slapped on Friday with a $35 million U.S. fine for its delayed response to an ignition switch defect in millions of vehicles, as federal regulators accused a long line of company officials of concealing a pr…
Abbott to buy Latin American drugmaker CFR in $2.9 billion deal
(Reuters) – Abbott Laboratories said on Friday it would acquire Chile’s CFR Pharmaceuticals SA in a $2.9 billion deal that will more than double its branded generic drugs business in the fast-growing Latin American market.
