Mitsubishi Motors recalls Outlander plug-in hybrids for the third time
TOKYO (Reuters) – Mitsubishi Motors Corp said it is recalling over 6,000 Outlander SUV plug-in hybrids in Japan because of three software programming glitches, in the model’s third recall since going on sale in January last year.
Mood cautious before U.S. jobs data, euro nurses losses
LONDON (Reuters) – Investors took to the sidelines ahead of what was expected to be an encouraging U.S. employment report on Friday, while the euro nursed losses after the European Central Bank opened the door to more aggressive easing if needed.
Portugal ramps up fight against tax evasion with fancy cars draw
LISBON (Reuters) – Asked by an attendant if she wants a personal invoice on a 15 euro purchase in a Lisbon pet shop, Lucia Miranda excitedly addresses her tiny pooch: “Do we want to win an Audi, au-au? Yes we do. Sure we want the invoice.”
German industry orders rise in February, point to strong first quarter
BERLIN (Reuters) – Domestic demand drove a stronger-than-expected 0.6 percent rise in German industrial orders in February, Economy Ministry data showed on Friday, marking the fourth consecutive monthly gain and underscoring the pickup in Germany’s mig…
China regulator to require bank stress tests: paper
SHANGHAI (Reuters) – The China Banking Regulatory Commission (CBRC) has said it will conduct regional and national stress tests after banks saw a spike in bad loans last year, the Shanghai Securities News reported on Friday, reflecting growing concerns…
Exclusive: Top investors press Allianz to step up oversight of Pimco
FRANKFURT (Reuters) – Several of the biggest investors in Allianz are pressing the German insurer to step up oversight of its California asset management unit Pimco and one is considering the unusual step of going public with its concerns at a sharehol…
Companies rein in flashy perks, find other rewards for CEOs
BOSTON (Reuters) – For some executives, corporate perks are getting just a little less exciting.
McDonald’s suspends work in Crimea
KIEV (Reuters) – McDonald’s has suspended work at its restaurants in Crimea for “manufacturing reasons”, the U.S. fast food chain said on Friday, the second international company to cease operations this week on the peninsula annexed by Russia.
RBS appoints new finance chief from Credit Suisse
LONDON (Reuters) – Royal Bank of Scotland has appointed a new finance director, poaching Ewen Stevenson from Credit Suisse where he was co-head of investment banking for Europe, the Middle East and Africa.
Minnesota court to hear all Target data breach cases
(Reuters) – The U.S. Judicial Panel on Multidistrict Litigation ordered that the many lawsuits that accuse Target Corp of failing to protect customers from a data breach will be consolidated in the retailer’s home state Minnesota.
