marissa-mayer

Exclusive: Honda and Takata’s stealth airbag fix

In August of 2009, after ruptured airbag inflators in Honda vehicles were linked to least four injuries and a death, the automaker quietly requested a design change and did not notify U.S. regulators, Honda confirmed in response to inquiries from Reuters. Honda Motor Co asked supplier Takata Corp to produce a “fail-safe” airbag inflator, according to Takata presentations and internal memos reviewed by Reuters. The previously …

Original post:
Exclusive: Honda and Takata’s stealth airbag fix

marissa-mayer

Starboard launches proxy fight to remove entire Yahoo board

Starboard, which has been pushing for changes at Yahoo since 2014 and owns about 1.7 percent of the company, said it would nominate nine candidates for the board. The proxy fight comes as Yahoo is pressing ahead with an auction of its core Internet business, which includes search, mail and news sites. Yahoo said in a statement it will review Starboard's nominees and respond in due course.

See the original post here: 
Starboard launches proxy fight to remove entire Yahoo board

marissa-mayer

Time Inc explores bid for Yahoo’s core business: source

Time Inc , publisher of Sports Illustrated, People and Time magazines, has been exploring a bid to acquire Yahoo Inc's core Internet business for several weeks, a source familiar with the situation told Reuters on Tuesday. Time Inc has been reaching out to …

Excerpt from:
Time Inc explores bid for Yahoo’s core business: source

marissa-mayer

Volvo Cars recalls 59,000 cars over software fault

“We have no information that this has led to any accidents,” Volvo Car Group spokesman Stefan Elfstrom said. Elfstrom said owners of 2016 model 60 and 70 series cars were being told to take their vehicles to dealers to get the software fault corrected. The Gothenburg-based company was bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010.

Originally posted here:
Volvo Cars recalls 59,000 cars over software fault

marissa-mayer

Yahoo launches auction process as Starboard gears up for fight

Yahoo shares jumped after the company announced its board has formed a committee of independent directors to explore strategic alternatives, and that it has hired investment banks and a law firm to run the process. The launch of the auction process, a move activist hedge fund Starboard Value and other shareholders have pushed since late last year, showed the company was moving another step closer …

Read the original: 
Yahoo launches auction process as Starboard gears up for fight

marissa-mayer

Ford Europe cuts jobs to achieve $200 million cost savings

Ford plans to shed hundreds of white-collar jobs in Europe to cut costs by $200 million annually and is taking additional steps to revamp its lineup as it targets durable profitability in the region, the carmaker said on Wednesday. The U.S. automaker turned a full-year profit of $259 million in Europe in 2015 for the first time

See the rest here: 
Ford Europe cuts jobs to achieve $200 million cost savings

marissa-mayer

Yahoo to look at strategic alternatives, cut jobs as it pursues spin-off

Yahoo Inc said on Tuesday it would consider “strategic alternatives” for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off. The announcement is the strongest sign yet that the board and Chief Executive Marissa Mayer may be willing to…

Read the rest here:
Yahoo to look at strategic alternatives, cut jobs as it pursues spin-off