Toyota to curb Japan output in April as tax hike kicks in
TOKYO (Reuters) – Toyota Motor Corp plans to curb daily vehicle output in Japan by 15 percent in April from a year earlier as it adjusts for a dampening of demand from a national sales tax rise, a source familiar with its production plans said on Tuesd…
U.S. securities class-action suits rise, big Supreme Court case looms
(Reuters) – Investors are pursuing more lawsuits accusing companies of fraud, according to a new study, but filings may plunge if the U.S. Supreme Court decides soon to remake the legal landscape.
Bets on China to balance reform and growth despite market fright
BEIJING/TOKYO (Reuters) – Investors fretting over the impact of China’s economic slowdown on its once red-hot emerging market peers have a powerful ally in Beijing’s leadership, which has both the means and strong motivation to forestall a sharp downtu…
Apple’s iPhone sales, revenue forecast fall short; shares slide
(Reuters) – Lower-than-expected holiday iPhone sales and a weak revenue forecast by Apple Inc renewed fears about Chinese demand and a tepid global market, wiping 8 percent off company stock.
Samsung sets new smartphone sales record in fourth quarter, widens lead over Apple: report
SEOUL (Reuters) – Samsung Electronics Co Ltd sold a record 86 million smartphones in the fourth quarter and widened its lead over Apple Inc even after the U.S. firm reached a new iPhone sales high, data from research firm Strategy Analytics showed.
Australian regulator reprimands BNP Paribas over rate fixing
SYDNEY (Reuters) – French bank BNP Paribas SA has been censured by Australian regulators after revealing its traders tried to influence the setting of the country’s benchmark inter-bank interest rate, the latest in a string of scandals over global rate…
Lufthansa eyes former Deutsche Telekom CEO for top job: reports
FRANKFURT (Reuters) – German airline Lufthansa has contacted the former chief executive of Deutsche Telekom in its hunt for a new chief executive, German media reported on Tuesday.
Ex-strategist must arbitrate whistleblower claim against UBS: U.S. judge
(Reuters) – A former UBS AG employee must arbitrate a claim that he was terminated for disclosing to superiors that he was pressured to publish misleading research reports.
Comcast, Charter near pact on Time Warner Cable deal: report
NEW YORK (Reuters) – Charter Communications Inc has agreed in principle to sell Time Warner Cable Inc’s New York, North Caroline and New England assets to Comcast Corp , if it succeeds in buying Time Warner Cable, according to a Bloomberg report on Mon…
Prominent Bitcoin entrepreneur charged with money laundering
NEW YORK (Reuters) – The vice chairman of the Bitcoin Foundation, a trade group promoting the adoption of the digital currency, has been charged by U.S. prosecutors with conspiring to commit money laundering by helping to funnel cash to illicit online …
