Tesla unveils pricing strategy for China
BEIJING (Reuters) – U.S. battery carmaker Tesla Motors Inc has unveiled what it describes as a “competitive” pricing strategy for China aimed at kick-starting sales in the world’s biggest auto market, where demand for luxury cars has been booming.
U.S.’s Lew sees faster growth helping government finances
WASHINGTON (Reuters) – The Obama administration is increasingly confident the U.S. economy is turning a corner and that this will help government finances, Treasury Secretary Jack Lew said on Thursday.
Johnson Controls first-quarter revenues top estimates
(Reuters) – Johnson Controls Inc on Thursday reported a fiscal first-quarter profit that met Wall Street expectations and reaffirmed its fiscal 2014 outlook.
JPMorgan CEO Dimon says government cases were ‘unfair’
(Reuters) – JPMorgan Chase & Co Chief Executive Officer Jamie Dimon said on Thursday that government legal cases, including those over mortgage securities the company settled for more than $13 billion, were “unfair”.
Analysis: After crude-by-rail accidents, experts mull U.S. oil market impact
NEW YORK (Reuters) – A spate of high profile crude-by-rail accidents is making oil analysts consider how tighter rail safety standards could impact U.S. oil markets, by potentially crimping a mode of transport that has grown exponentially amid the shal…
Lockheed earnings, sales lower-than-expected on special charges
WASHINGTON (Reuters) – Top U.S. weapons maker Lockheed Martin Corp reported lower-than-expected earnings on Thursday after charges linked to U.S. defense budget cuts and workforce reductions, but said it expected higher earnings this year.
Santander to boost equity at U.S. unit to back growth
MADRID (Reuters) – Spanish bank Santander , which has just completed the partial listing of its U.S. consumer finance unit, said on Thursday it planned to increase the equity of its U.S. holding company by up to $2 billion to back growth plans there.
EBay dismisses Icahn proposal to spin off Paypal
(Reuters) – Carl Icahn has taken a stake in eBay Inc and is proposing a spin-off of the its fast-growing PayPal division, but the e-commerce giant rebuffed the overture, setting the stage for a potential battle with the activist investor.
Toyota retains global auto sales crown in 2013, sees 2014 sales above 10 million
TOKYO (Reuters) – Toyota Motor Corp retained its rank as the world’s best-selling automaker last year, beating out rivals General Motors Co and Volkswagen AG for the second year in a row as the weak yen underpinned sales overseas.
SEC judge bars “Big Four” China units for six months over audits
WASHINGTON (Reuters) – Chinese units of the global “Big Four” accounting firms should be suspended from auditing U.S.-listed companies for six months, a judge in the United States ruled, in an escalation in a long-running dispute over regulators’ acces…
