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Toyota to recall 5.8 million cars in Japan, China, Europe over Takata airbags
Japan's Toyota Motor Corp on Wednesday said it was recalling a total of about 5.8 million cars at home and abroad over potentially faulty air bag inflators made by Takata Corp. The recall, which includes the Corolla and the Vitz subcompact hatchback model which is marketed overseas as the Yaris, covers models produced between May 2000 and November 2001, and April 2006 and December 2014, the company... [Read more]
Piech, Porsche families say united behind VW management: Spiegel
The Piech and Porsche families that control more than 52 percent of Volkswagen have vowed to back senior management, setting aside past disputes as the carmaker struggles to overcome an emissions scandal, Der Spiegel reported on Saturday. In a rare interview, … Here is the original: Piech, Porsche families say united behind VW management: Spiegel Read More →
New York governor approves new regulations on Airbnb
(Reuters) – New York Governor Andrew Cuomo approved legislation on Friday that would place new regulations on online home rental companies like Airbnb. Existing New York state law bars most urban apartment-dwellers from renting out their units for less than 30 days if they are not present. The law recently passed by the state legislature would bar even … Read the original: New York governor... [Read more]
Venezuela’s Maduro says oil producers close to output cap deal
BAKU/DUBAI (Reuters) – Venezuelan President Nicolas Maduro was quoted on Saturday as saying that OPEC and non-OPEC nations were “very close” to an agreement on oil production curbs, Azerbaijan's state news agency Azertag reported Original post: Venezuela’s Maduro says oil producers close to output cap deal Read More →
SunEdison creditors launch lawsuit against lenders in bankruptcy battle
By Jessica DiNapoli NEW YORK (Reuters) – A group of SunEdison Inc lenders took control of the renewable energy developer after inking a “sweetheart deal” to try to save their investment as the company approached bankruptcy, hurting other creditors, according to a lawsuit filed late Thursday in U.S. bankruptcy court. SunEdison transferred “hundreds of millions of dollars”... [Read more]
Tesla says self-driving hardware to be built into all its cars
By Alexandria Sage SAN FRANCISCO (Reuters) – Chief Executive Elon Musk said on Wednesday all new Tesla Motors Inc models will come with hardware to enable them to be fully self-driving, as the Silicon Valley electric car company bids to be the first among many rivals to… Originally posted here: Tesla says self-driving hardware to be built into all its cars Read More →
A Texas unicorn preps for a rare oil IPO
Founded by a retired NFL player and his high school buddy – with land deals signed on the hood of a pickup – the Fort Worth oil and gas company is now worth nearly $3 billion, according to a half dozen bankers who have examined its value. An IPO would be a crowning achievement for John Sellers and Cody Campbell, who co-founded predecessor companies starting … Here is the original: A... [Read more]
Domino’s revenue jumps more than expected
(Reuters) – Domino's Pizza Inc on Tuesday reported a bigger-than-expected 17 percent jump in quarterly revenue as its U.S. division overcame intense competition that is taking a bite out of industry sales. See original here: Domino’s revenue jumps more than expected Read More →
Once jobless and uncounted, eager workers could slow Fed rate hike
By Howard Schneider WELLSTON, Missouri (Reuters) – The crammed-to-capacity parking lot at a job training center in this St. Louis suburb is exhibit A for why the U.S. Federal Reserve remains at odds over the health of the U.S. labor market and how quickly interest rates should rise. Among those in the building on a recent fall day, 23-year-old Joshua Goodson described his recent work history... [Read more]
Shell faces possible Dutch lawsuit over Nigerian activist’s execution
The widow of a Nigerian activist is planning to sue Royal Dutch Shell in the Dutch courts alleging the oil company was complicit in the execution of her husband by the Nigerian military in 1995, court documents filed in the United States last week show. Esther Kiobel has filed an application in New York to secure documents from Shell’s U.S. lawyers… Continued here: Shell faces possible Dutch... [Read more]