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Mitsubishi plans $600 million compensation for four models over mileage cheating

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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St. Louis Fed’s Bullard says U.S. may only need single rate hike for now

The U.S. economy, stuck in a slow-growth pattern that is likely to persist for the forseeable future, may need no more than a single additional rate hike for as long as 2.5 years, St. Louis Fed President James Bullard said on…

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St. Louis Fed’s Bullard says U.S. may only need single rate hike for now

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Toshiba in final talks on new president; Tsunakawa top candidate: source

Japan's Toshiba Corp is in final talks to replace President Masashi Muromachi, with Senior Executive Vice President Satoshi Tsunakawa a leading candidate as it aims to turn the scandal-hit firm back to growth, a source told Reuters on Sunday. The source, who is familiar with the matter, indicated Tsunakawa was a top candidate, saying the successor would be likely be one of three senior …

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Toshiba in final talks on new president; Tsunakawa top candidate: source

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VW brand chief ‘confident’ of solving cost-cutting row with labor

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

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Mitsubishi Motors may skip earnings forecast due to data scandal: source

Mitsubishi Motors Corp is unlikely to issue an earnings forecast for the current financial year when it announces annual results this week, due to uncertainty about the financial impact of its misleading fuel economy data, a person close to the company told Reuters on Sunday. The Japanese automaker is under investigation by the transport ministry after saying last week that it overstated the fuel economy of four of its minivehicle…

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Mitsubishi Motors may skip earnings forecast due to data scandal: source

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Energy earnings will hint at who survives crude’s rout

By Rodrigo Campos NEW YORK (Reuters) – As crude prices crater, threatening a sizeable number of U.S. oil producers who are predicted to fail under continued global oil doom, the current earnings season will be an important window into who will be standing …

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Energy earnings will hint at who survives crude’s rout