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Nissan joins automakers dropping Takata air bag inflators

November 7, 2015 by · Leave a Comment 

Nissan Motor Co said on Saturday it will not use air bag inflators made by Japanese auto parts supplier Takata Corp in its cars. Nissan joins most major automakers, including Toyota Motor

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Nissan joins automakers dropping Takata air bag inflators

Berkshire profit doubles to record on Kraft Heinz

November 7, 2015 by · Leave a Comment 

By Jonathan Stempel and Jennifer Ablan NEW YORK (Reuters) – Warren Buffett's Berkshire Hathaway Inc said quarterly profit doubled to a record high, reflecting a large gain on its stake in Kraft Heinz Co , while operating profit declined on weaker results from insurance underwriting. Operating profit fell 4 percent to $4.55 billion, or $2,769 per share, from $4.72 billion, or $2,876.     Analysts on average expected operating profit of $2,720.60 …

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Berkshire profit doubles to record on Kraft Heinz

Boeing eyes new partnerships, sees upward pressure on 737 output

November 7, 2015 by · Leave a Comment 

Boeing expects to announce new industrial partnerships with an emphasis on defense at the Dubai Airshow, expanding on tie-ups in commercial aerospace, executives said on Saturday. Gulf-based sources have said they expect Boeing to expand its ties with both companies at the Nov 8-12 air show. “There will be a couple of announcements at the show related to increased partnerships and I'll leave it at that,” Bernard Dunn, president of Boeing Middle East, North Africa

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Boeing eyes new partnerships, sees upward pressure on 737 output

Obama rejects Keystone XL pipeline in win for greens

November 7, 2015 by · Leave a Comment 

U.S. President Barack Obama on Friday rejected the proposed Keystone XL oil pipeline from Canada in a victory for environmentalists who campaigned against the project for more than seven years. “The pipeline would not make a meaningful long-term contribution to our economy,” Obama told a press conference. The denial of TransCanada Corp's more than 800,000 barrels per day project will make it more difficult for producers to develop the province

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Obama rejects Keystone XL pipeline in win for greens

Greece approves reform bill, eyes bailout tranche

November 5, 2015 by · Leave a Comment 

Greece's parliament approved early Friday a bill with reforms prescribed by the country's international lenders, ahead of a euro zone finance ministers meeting in three days which will decide if Athens qualifies for fresh bailout funds. Greece needs to legislate a series of reforms to pass the first review of a new bailout worth up to 86 billion euros it signed up to earlier this year. It must also revamp its banking system by the end of the year to start talks on much-needed debt …

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Greece approves reform bill, eyes bailout tranche

New York investigating Exxon over climate statements: source

November 5, 2015 by · Leave a Comment 

(Reuters) – The New York attorney general has launched an investigation into whether Exxon Mobil Corp misled the public and shareholders about the risks of climate change. Attorney General Eric Schneiderman subpoenaed the company on Wednesday evening, demanding extensive financial records, emails and other documents, a source familiar with the investigation said on Thursday. Exxon on Thursday said it was weighing a response to the subpoena.

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New York investigating Exxon over climate statements: source

Ex-Goldman employee pleads guilty over N.Y. Fed leaks

November 5, 2015 by · Leave a Comment 

By Brendan Pierson and Nate Raymond NEW YORK (Reuters) – A former Goldman Sachs Group Inc employee pleaded guilty on Thursday to illegally obtaining confidential information from a former colleague at the Federal Reserve Bank of New York. Rohit Bansal, a former associate at Goldman Sachs, pleaded guilty to a…

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Ex-Goldman employee pleads guilty over N.Y. Fed leaks

Number of confirmed E. coli cases linked to Chipotle rises to 40

November 5, 2015 by · Leave a Comment 

The number of confirmed E. coli food poisoning cases linked to Chipotle Mexican Grill Inc restaurants in Washington state and Oregon rose to 40 on Thursday, as health safety officials continued searching for the source of the contamination. Washington lowered its count to 28 after additional testing ruled out one case that was suspected to be linked to the outbreak. Eight Chipotle restaurants in the greater

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Number of confirmed E. coli cases linked to Chipotle rises to 40

United Airlines CEO to return in early 2016 after heart attack

November 5, 2015 by · Leave a Comment 

The news ends uncertainty about who will run United, the second-largest U.S. airline by capacity. The company earlier appointed General Counsel Brett Hart as acting CEO and said its board had been preparing for “all potential outcomes”

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United Airlines CEO to return in early 2016 after heart attack

Icahn nods at Valeant interest, pushes for cash repatriation law

November 4, 2015 by · Leave a Comment 

Billionaire investor Carl Icahn made a cryptic reference suggesting he has an interest in embattled drug maker Valeant on Tuesday, and said he was speaking to U.S. politicians about a corporate cash repatriation law that would deter so-called tax inversion deals. “I’m not in Valeant, well, I don’t want to say I’m not completely in it but I’m not going to tell you where I am with it,” Icahn said, when asked about the company at…

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Icahn nods at Valeant interest, pushes for cash repatriation law

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