Carmaker Tesla to step up supply of battery cells from Panasonic
TOKYO (Reuters) – Tesla Motors Inc will sharply increase the number of lithium ion battery cells it receives from Japan’s Panasonic Corp , in a deal that underscores the U.S. carmaker’s confidence in the future of all-electric cars.
Teva Pharm CEO resigns, CFO stands in on interim basis
TEL AVIV (Reuters) – Teva Pharmaceutical Industries , the world’s largest generic drugmaker, said its chief executive Jeremy Levin was stepping down and finance chief Eyal Desheh would stand in on an interim basis, effective immediately.
M&S to ask for more time as clothing sales keep falling
LONDON (Reuters) – Marks & Spencer is set to report a ninth straight quarterly fall in underlying clothing sales, with the firm likely to say it is too soon to see the full impact of a new general merchandise team and much vaunted new season ranges.
RBS reviews FX practices, Barclays flags probe
LONDON (Reuters) – Fallout from global investigations into possible manipulation of the $5.3 trillion-a-day forex market spread on Wednesday, as Royal Bank of Scotland (RBS) said it had sought to reassure clients about rates they were offered while Bar…
Infosys reaches $34 million settlement in U.S. visa case
BANGALORE (Reuters) – Infosys Ltd, India’s second-largest IT services exporter, has agreed to pay $34 million in a civil settlement with U.S. authorities investigating its use of visas in the United States, the company said on Wednesday.
U.S. consumer prices rise, but underlying inflation benign
WASHINGTON (Reuters) – U.S. consumer prices rose modestly in September but there was little sign of underlying inflation in the economy, which should give the Federal Reserve scope to maintain its monthly bond purchases.
Erste Bank asset quality improves ahead of key test
VIENNA (Reuters) – Austria’s Erste Group Bank surprised the market with a noticeable improvement in bad loans ahead of a key health check by the European Central Bank, lifting its shares on Wednesday.
Teva Pharm CEO resigns, CFO stands in on interim basis
TEL AVIV (Reuters) – Teva Pharmaceutical Industries , the world’s largest generic drugmaker, said its chief executive Jeremy Levin was stepping down and finance chief Eyal Desheh would stand in on an interim basis, effective immediately.
Twitter’s ‘anti-Facebook’ IPO tactics win over some investors
(Reuters) – Institutional investors who met with Twitter Inc this week say they are optimistic about its initial public offering and see little sign of the irrational exuberance that preceded Facebook Inc’s splashy coming-out party in 2012.
Comcast’s profit beats Street on cable, ‘Despicable Me 2’
(Reuters) – Comcast Corp posted net income that beat analyst estimates on Wednesday as the company generated more cash flow at its cable unit and media arm, NBC Universal, than it had a year ago.
