GM more than doubles North American ignition-switch recall
DETROIT (Reuters) – General Motors Co on Tuesday more than doubled a recall, mostly in North America, to correct a condition that may allow the engine and other components including airbags to be unintentionally turned off.
Gaming magnate Adelson bets on himself to win Japan’s casino race
TOKYO/MACAU (Reuters) – Billionaire Sheldon Adelson is willing to bet $10 billion that his Las Vegas Sands will become the leader in casino gambling in Japan, an offer he says his competitors can’t match. What remains to be seen is whether one of the w…
VW Tennessee workers challenging UAW objection to plant vote
(Reuters) – Five Volkswagen workers are trying to challenge an objection filed by the United Auto Workers with the federal government following the UAW’s defeat in a unionization vote at the Chattanooga, Tennessee, VW plant, an anti-union group said Tu…
Tesco pins UK turnaround on price cuts and store revamps
LONDON (Reuters) – Britain’s Tesco , the world’s third-largest retailer, is to cut prices as it relaxes its view on operating margins and steps up its store revamp program and investment in online and convenience channels.
Airbus faces tough battles over A330 longevity plan
SINGAPORE/PARIS (Reuters) – As Airbus races through flight testing of its newest plane, the next-generation A350, Europe’s planemaker faces growing battles to secure a future for the A330, until now its only truly lucrative wide-body jet.
Apple issues fix for glaring security flaw on Mac computers
SAN FRANCISCO (Reuters) – Apple Inc has issued fixes for a security flaw in its Macintosh computers that allows hackers to intercept data such as email, patching a major and embarrassing glitch that came to light several days ago.
Tim Hortons aims to improve returns, add 800 Canada, U.S. stores
TORONTO (Reuters) – Canadian coffee and doughnut chain Tim Hortons Inc said on Tuesday that it will open at least 800 new restaurants over the next five years under a strategic plan to secure its dominance in Canada and boost returns in the United Stat…
Tesla Model S named Consumer Reports’ top auto pick
WASHINGTON (Reuters) – Electric luxury car Tesla Model S was named by Consumer Reports magazine on Tuesday as its overall top pick for 2014, while Japanese models took just five of the top 10 spots, their worst showing in the 18-year history of the ann…
Macy’s sticks to forecast despite slow Valentine’s Day sales
(Reuters) – Macy’s Inc’s sales this year were weak until Valentine’s Day, the department store operator said on Tuesday, but it stuck to its full-year forecast because it expects business to return to normal when the weather improves.
Exclusive: Small miners size up mergers, deals may be elusive – Reuters survey
TORONTO (Reuters) – Many of the small Canadian-listed mineral explorers that supply global major miners with new projects are considering merging with peers, according to a Reuters survey, but for most it may be tough to close deals.
