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Sumner Redstone moves to oust five Viacom directors including CEO from board
June 17, 2016 by admin · Leave a Comment
By Jessica Toonkel and Dan Levine NEW YORK/SAN FRANCISCO (Reuters) – Sumner Redstone removed five of Viacom Inc's directors, including Chief Executive Philippe Dauman, from the board of the media company he controls on Thursday, a big step toward a potential management shake-up of the almost $20 billion…
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Sumner Redstone moves to oust five Viacom directors including CEO from board
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Mitsubishi plans $600 million compensation for four models over mileage cheating
June 17, 2016 by admin · Leave a Comment
Japan's Mitsubishi Motors Corp said it plans to give owners of four minivehicles close to $1,000 in compensation for its overstating of mileage readings, part of reimbursement costs that will total at least $600 million. The mileage scandal, which the company has blamed on pressure to deliver competitive readings and poor supervision of testing processes, has led to plans for Nissan Motor Co to take a one-third controlling stake in …
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Mitsubishi plans $600 million compensation for four models over mileage cheating
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Japan’s Abe to delay sales tax hike until 2019: government source
May 29, 2016 by publisher · Leave a Comment
By Takaya Yamaguchi TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe plans to delay an increase in sales tax by two and a half years, a government official said on Sunday, as the economy sputters and Abe prepares for a national election. Abe told Finance Minister Taro Aso and the secretary general of his ruling Liberal Democratic Party, Sadakazu Tanigaki, on Saturday …
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Japan’s Abe to delay sales tax hike until 2019: government source
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U.S. Virgin Islands sues Takata, Honda over airbags
May 26, 2016 by publisher · Leave a Comment
The U.S. territory joins Hawaii, which earlier this month sued Takata and Honda, the largest user of recalled Takata air bags linked to 13 deaths and more than 100 injuries. The Virgin Islands suit, seeking
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U.S. Virgin Islands sues Takata, Honda over airbags
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Mitsubishi Motors brings in new R&D chief, restates results after scandal
May 25, 2016 by creative · Leave a Comment
Mitsubishi Motors Corp said a Nissan Motor Co executive would become its head of research and development, part of a management overhaul in the wake of a mileage cheating scandal that also prompted it to restate earnings. Nissan is preparing to take a controlling one…
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Mitsubishi Motors brings in new R&D chief, restates results after scandal
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Mitsubishi Motors says improper data may have been used for more models
May 11, 2016 by creative · Leave a Comment
By Naomi Tajitsu TOKYO (Reuters) – Mitsubishi Motors Corp said on Wednesday that improper data for mileage calculations might have been used for other models in addition to those it has already disclosed. On Wednesday, it said it suspected improper…
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Mitsubishi Motors says improper data may have been used for more models
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Dollar dips from two-week high, stocks in the red
May 11, 2016 by publisher · Leave a Comment
“And that is precisely what we are seeing today.” Financials were among the biggest losers in Europe, their 1.5 percent fall led by a 10 percent plunge in Austrian bank Raiffeisen Bank International after it said it will look into a possible merger with
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Dollar dips from two-week high, stocks in the red
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Asia shares slip for seventh session, bonds well bid
May 5, 2016 by admin · Leave a Comment
Asian shares slipped for a seventh straight session on Thursday as mixed economic data did nothing to assuage concerns about global growth, keeping sovereign bonds well supported as a hedge against deflation risks.
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Asia shares slip for seventh session, bonds well bid
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Mitsubishi Motors used non-compliant data far longer than disclosed: source
April 26, 2016 by publisher · Leave a Comment
By Naomi Tajitsu TOKYO (Reuters) – Mitsubishi Motors Corp used fuel economy testing methods that were not compliant with Japanese regulations since 1991 – much longer than previously known, a source briefed on the matter said. Japan's sixth-largest automaker has lost half of its market value – some $3.9 billion – since it admitted…
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Mitsubishi Motors used non-compliant data far longer than disclosed: source
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VW brand chief ‘confident’ of solving cost-cutting row with labor
April 24, 2016 by creative · Leave a Comment
Volkswagen's top brand executive is confident that management and labor will solve a dispute over cost-cutting at the core autos division and signaled readiness on Sunday to meet some of workers' demands. Volkswagen's (VW) powerful labor leaders earlier this …
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VW brand chief ‘confident’ of solving cost-cutting row with labor