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Takata prepares CEO exit over air bag safety scandal: sources

Takata Corp is preparing the ground for the exit of its chief executive, two people close to the Japanese air bag maker said, as pressure builds on a company reeling from the auto industry's biggest recall. Takata has been under fire for almost two years over defective air bags that can explode with excessive force and shoot shrapnel inside the car – a problem that has ballooned…

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Takata prepares CEO exit over air bag safety scandal: sources

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Citigroup, Wells Fargo gird for loan losses as oil price dives

Wells Fargo & Co raised provisions against soured assets by more than 70 percent, nearly half of them for oil and gas loans, to ensure it is covered should prices stay at current levels for the rest of the year. The San Francisco-based bank, a major lender to the U.S. energy industry, said it and other banks were talking to borrowers, including production companies and oil services firms, about how to navigate the crunch. Citigroup Inc set aside $250 million to cover losses related to its energy portfolio …

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Citigroup, Wells Fargo gird for loan losses as oil price dives

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Bond King musical chairs: Gundlach replaces Gross on Barron’s Roundtable

By Jennifer Ablan NEW YORK (Reuters) – In recent years, bond investor Jeffrey Gundlach has been outperforming his rival Bill Gross. Now, Gundlach has replaced Gross on a high-profile investor panel. Weekly financial magazine Barron's said on Saturday that Gross decided to quit its Barron's Roundtable.

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Bond King musical chairs: Gundlach replaces Gross on Barron’s Roundtable

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GE moving headquarters to Boston for tech talent, tax cut

By Alwyn Scott NEW YORK (Reuters) – General Electric Co said on Wednesday it will move its global headquarters to Boston, tapping the city's technology talent and likely lowering its tax bill as the industrial conglomerate seeks to lift profit and emphasize digital capabilities. “We want to be at the center of an ecosystem that shares our aspirations” as a leader in digital-

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GE moving headquarters to Boston for tech talent, tax cut

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U.S. says talks will continue to reach VW diesel emissions fix

U.S. environmental officials said on Wednesday talks will continue with Volkswagen aimed at reaching an agreement on a fix for nearly 600,000 diesel vehicles that emit up to 40 times legally allowable limits. Nearly four months after the emissions scandal broke, there…

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U.S. says talks will continue to reach VW diesel emissions fix

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Exclusive: With luxury Acura makeover, Honda aims for brand survival, China revival

As part of a broader makeover, and even the survival, of its stalled luxury Acura brand, Japan's Honda Motor Co will launch a new small crossover sport utility vehicle this year in China to compete with BMW and Audi in the world's biggest car market, two individuals closely involved in the effort said. Reviving Acura is …

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Exclusive: With luxury Acura makeover, Honda aims for brand survival, China revival

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Yahoo looking to slash 10 percent or more of its workforce – Business Insider

“We are not confirming this rumor or commenting further”, Sarah Meron, a spokeswoman for Yahoo told Reuters on Thursday in an e-mail. This move follows activist investor Starboard Value LP's letter to Yahoo on Wednesday ramping up

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Yahoo looking to slash 10 percent or more of its workforce – Business Insider

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KaloBios Pharmaceuticals files for bankruptcy in wake of Shkreli arrest

KaloBios Pharmaceuticals Inc, a biotechnology company that fired Chief Executive Martin Shkreli earlier this month after his arrest on charges of securities fraud, filed for Chapter 11 bankruptcy on Tuesday. The filing comes weeks after KaloBios received financing from Shkreli to avert closing down, only to have those plans upended by his arrest. Shkreli was arrested on Dec 17 for engaging in what U.S. prosecutors said was a Ponzi-like scheme at his former hedge

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KaloBios Pharmaceuticals files for bankruptcy in wake of Shkreli arrest

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Oil above $37 as U.S. supply tightens, still near 11-year low

“Some traders playing spot on the downside are getting out and calling it a year,” said Tariq Zahir, managing partner at Tyche Capital Advisors. Oil demand in 2015 was exceptionally high and at current prices, demand is going to remain strong next year,” said Olivier Jakob, analyst at Petromatrix. Crude inventories, which were expected to rise, fell 5.88 million barrels, the Energy Information Administration said.

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Oil above $37 as U.S. supply tightens, still near 11-year low

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Valeant says CEO J. Michael Pearson hospitalized with severe pneumonia

Valeant Pharmaceuticals International Inc Chief Executive J. Michael Pearson was hospitalized with a “severe case of pneumonia” on Friday and is receiving treatment, a company spokeswoman said. Pearson, 56, joined Valeant as CEO in September 2010 after a 23-year career at McKinsey & Company and became chairman of the board in 2010. Under Pearson's leadership, the company has come

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Valeant says CEO J. Michael Pearson hospitalized with severe pneumonia

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