Mitsubishi Motors shares dive, Japan officials raid facility

By Chang-Ran Kim TOKYO (Reuters) – Japanese officials raided a facility belonging to Mitsubishi Motors Corp on Thursday after the carmaker admitted to overstating the fuel efficiency of 625,000 cars, a revelation that has sent its shares into a tailspin. A spokeswoman for the company said the raid by members of …

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Mitsubishi Motors shares dive, Japan officials raid facility

U.S. April auto sales seen rising 4.9 percent: JD Power-LMC

J.D. Power and LMC Automotive on Thursday said April U.S. total light vehicle sales will rise 4.9 percent to 1.523 million vehicles, for an annualized rate of 17.6 million vehicles. Retail sales, or sales to individual consumers, will rise 3.9 percent to 1.195 million vehicles in April, the consultancies said

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U.S. April auto sales seen rising 4.9 percent: JD Power-LMC

Viacom shares soar after deal to renew Dish contract

Viacom Inc said on Thursday it has renewed a multiyear distribution contract with satellite TV provider Dish Network Corp, lifting the media company's shares over 11 percent. The companies had been in talks for several months over whether Dish would continue to carry Viacom's 18 channels, which include Nickelodeon, Comedy Central and MTV, and at what price, for its 14 million subscribers. The deal …

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Viacom shares soar after deal to renew Dish contract

Solar developer SunEdison in bankruptcy as aggressive growth plan unravels

SunEdison Inc, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection on Thursday after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable. In its bankruptcy filing, the company said it had assets of $20.7 billion and liabilities of $16.1 billion

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Solar developer SunEdison in bankruptcy as aggressive growth plan unravels

VW forges U.S. deal arising from diesel emissions scandal

By Alexandria Sage and David Shepardson SAN FRANCISCO/WASHINGTON (Reuters) – Volkswagen AG, driving to move beyond a scandal that has disrupted its global business and sullied its reputation, announced a sweeping…

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VW forges U.S. deal arising from diesel emissions scandal

Intel to cut up to 12,000 jobs as PC industry swoons

Intel Corp said on Tuesday it would cut up to 12,000 jobs globally, or 11 percent of its workforce, as it refocuses its business towards making microchips that power data centers and Internet connected devices and away from the declining personal computer industry it helped found. Tech companies including the former Hewlett Packard Co and Microsoft Corp have reorganized in the

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Intel to cut up to 12,000 jobs as PC industry swoons

OPEC stands aloof of oil price regulation: Russian energy minister

MOSCOW (Reuters) – Decision-making within the OPEC has become more complicated and since 2008 the international oil cartel has taken no action to regulate the global oil market, Russian Energy Minister Alexander Novak said on Wednesday. Novak, in remarks at an energy forum, said he

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OPEC stands aloof of oil price regulation: Russian energy minister

Apple refused China request for source code in last two years: lawyer

Apple Inc has been asked by Chinese authorities within the last two years to hand over its source code but refused, the company's top lawyer told lawmakers on Tuesday in response to U.S. law enforcement criticism of its stance on technology security. The congressional testimony highlighted an issue at the heart of a heated disagreement between Apple and the FBI over unlocking encrypted data from an iPhone linked to last December's San Bernardino, California shootings – how much private technology companies should cooperate with governments. Law …

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Apple refused China request for source code in last two years: lawyer

Exclusive: Verizon set to make Yahoo’s bidder short list – sources

Verizon Communications Inc was set on Tuesday to advance to the second stage of bidding for Yahoo Inc's core assets, as the U.S. internet company went through offers to put together a short list, people familiar with the matter said. Verizon submitted its offer with advice from investment banks Guggenheim Partners LLC, LionTree

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Exclusive: Verizon set to make Yahoo’s bidder short list – sources

EU charges Google with abusing market dominance of Android

Google found itself under fire again on Wednesday from EU antitrust regulators who say it abused the dominant position of its Android mobile operating system, a move which could hit a key money-spinner for the company. Google is already facing EU charges of promoting its own shopping service in Internet searches at the expense of rival products, a case which has dragged on since…

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EU charges Google with abusing market dominance of Android

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