Business & Finance News
TOKYO (Reuters) – A senior Panasonic Corp official on Friday said a pickup in production of Tesla Inc’s Model 3 cars, after earlier delays, has resulted in occasional battery shortages.
TOKYO (Reuters) – Asian stocks slumped to nine-month lows on Thursday on growing worries the U.S. administration’s approach to trade is harming global economic growth even as it appeared to be modifying its approach to curb Chinese investments in U.S. technology firms.
(Reuters) – Chipotle Mexican Grill Inc said on Wednesday the chain will shut up to 65 underperforming restaurants and revamp its marketing under Chief Executive Officer Brian Niccol, but many questions remain unanswered about what to expect under the new leadership.
(Reuters) – Chipotle Mexican Grill Inc will shut up to 65 underperforming restaurants and revamp its marketing under Chief Executive Officer Brian Niccol, executives said in the chain’s Wednesday investor call on Wednesday, but few other details were given on what shareholders should expect under the new leadership.
(Reuters) – As Gibson Brands Inc targets an exit from Chapter 11 bankruptcy later this year, the iconic guitar maker plans a return to traditional guitars after an ill-fated attempt at computerizing them and possibly a foray into ukuleles, CEO Henry Juszkiewicz told Reuters on Wednesday.
WASHINGTON/NEW YORK (Reuters) – Equifax Inc on Wednesday avoided fines in a deal with eight states’ banking regulators over a data breach that compromised sensitive data of more than 145 million people, as the credit reporting agency agreed to tighten up security.
NEW YORK (Reuters) – Deutsche Bank AG’s U.S. securities division agreed to pay a $1.4 million fine to the Financial Industry Regulatory Authority on Wednesday to settle charges that it violated reporting and supervisory rules related to equity and municipal bond trades.
RIO DE JANEIRO/DUBAI (Reuters) – Anglo American has suspended a contract to supply Bahrain Steel with iron ore, the Gulf-based company said, in the latest headache for the miner’s troubled Brazilian project after spills from a pipeline that carries the commodity to port.
WASHINGTON (Reuters) – T-Mobile’s planned $26 billion acquisition of rival mobile phone carrier Sprint Corp would add jobs and would not hike prices, top executives of the two companies testified before a U.S. Senate panel on Wednesday.
NEW YORK (Reuters) – U.S. stocks fell on Wednesday on renewed uncertainty regarding the U.S. stance on Chinese investments in American technology companies, reversing gains earlier in the session.
WASHINGTON (Reuters) – Equifax Inc agreed on Wednesday to do more to protect consumer data in a deal with banking regulators from seven states who investigated its security practices following a cyber attack last year that exposed data on more than 143 million people. Equifax agreed to review its defenses against hackers and to give its board of directors more responsibility for protecting consumers.
NEW YORK (Reuters) – U.S. stocks ended lower on Wednesday, reversing earlier gains on renewed uncertainty regarding the U.S. stance on Chinese investments in American technology companies.
(Reuters) – U.S. stocks reversed course on Wednesday, falling on renewed uncertainty regarding the U.S. stance on Chinese investments in American technology companies.
WASHINGTON (Reuters) – Walt Disney Co won U.S. approval to buy Twenty-First Century Fox Inc entertainment assets for $71.3 billion on condition it sell Fox’s 22 regional sports networks, the Justice Department said on Wednesday, giving Disney an edge over Comcast Corp’s competing bid.
(Reuters) – Apple Inc and Samsung Electronics Co Ltd on Wednesday settled a years long patent dispute, according to a filing the U.S. District Court for the Northern District of California. The terms of the settlement were not disclosed in the court filing.
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