Hyundai expands U.S. recall of Genesis for potential brake issue
DETROIT (Reuters) – Hyundai Motor Co is expanding its recall in the United States of Genesis sedans to address a potential brake issue.
New probe casts shadow over Deutsche Bank revamp
FRANKFURT (Reuters) – Deutsche Bank’s struggle to break with the past and achieve a “cultural transformation” has suffered another setback after co-CEO Juergen Fitschen was implicated in a criminal investigation.
U.S. service sector growth quickens in October: ISM
NEW YORK (Reuters) – U.S. service-sector business activity picked up in October and firms took on workers despite a partial government shutdown, but new order growth slowed for a second straight month, an industry report on Tuesday showed.
Ryanair investors berate O’Leary but fear his leaving
DUBLIN/LONDON (Reuters) – When one Ryanair shareholder made a stinging attack on Chief Executive Michael O’Leary at the airline’s annual meeting for scaring off customers with his “bullying” and “macho” style, there was one thing he didn’t mention.
BMW profits held back by investment in new models
BERLIN (Reuters) – BMW , the world’s biggest luxury carmaker, said investment in technology and new models such as the i3 electric car would hold back fourth-quarter earnings, after it reported a bigger than expected drop in third-quarter profit.
Taiwan’s Acer aims to revamp with new CEO and job cuts
TAIPEI (Reuters) – Taiwan’s Acer Inc announced a restructuring plan with a new chief executive and 7 percent job cuts on Tuesday following a worse-than-expected net loss of T$13.12 billion ($446 million) in the third quarter.
ICE CEO says he hopes NYSE transaction will close within days
NEW YORK (Reuters) – IntercontinentalExchange Inc Chief Executive Jeff Sprecher said on Tuesday that he hopes ICE’s more than $10 billion NYSE Euronext takeover will close within days.
Ukraine signs $10 billion shale gas deal with Chevron
KIEV (Reuters) – Ukraine signed a $10 billion shale gas production-sharing agreement with U.S. Chevron on Tuesday, another step in a drive for more energy independence from Russia.
Imperial Tobacco to launch e-cigarettes to counter falling sales
LONDON (Reuters) – Imperial Tobacco Group said cost cuts and the launch of electronic cigarettes would help deliver “modest” growth for the new year as it posted slightly better than expected earnings.
Canada’s Open Text to buy cloud services company for $1.17 billion
(Reuters) – Canadian business software maker Open Text Corp said it would buy privately held cloud services company GXS Group Inc for $1.17 billion.
