comedy

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

comedy

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

comedy

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