first-half

Nissan in talks with Panasonic, others to sell battery operations: sources

Nissan Motor Co is in talks with Panasonic Corp and overseas companies including Chinese firms over the possible sale of its controlling stake in a car battery manufacturing venture, sources said. Two people with knowledge of the matter said on Saturday that the Japanese automaker wants to sell its 51 percent stake in Automotive Energy Supply Corporation, which makes lithium-ion batteries for electric vehicles. The company is jointly owned by NEC Corp .

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Nissan in talks with Panasonic, others to sell battery operations: sources

first-half

Expected solid U.S. job gains seen as boost to economy

U.S. employment likely increased at a healthy clip in July, with wages picking up, which should help to underpin consumer spending and boost the economy. The Labor Department’s closely-watched employment report on Friday will probably show that nonfarm payrolls increased by 180,000 jobs last month, according to a Reuters survey of economists. While that would be a step down from June’s 287,000 surge, July’s expected gain would still be above the average monthly advance of 171,500 jobs over the first half of the year.

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Expected solid U.S. job gains seen as boost to economy