Toyota recalls more cars for dangerous Takata air bags
By Chang-Ran Kim and Mari Saito TOKYO (Reuters) - Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained. Toyota's action follows a recall by rival Honda Motor Co for the same problem two weeks ago after revelations of a fifth death, in Malaysia, linked to Takata's air bag inflator. ...
Asia shares edge higher, oil tumbles to four-year low
TOKYO (Reuters) - Asian stocks hit a one-month high on Thursday as investors bet that more central bank stimulus in China and Europe would shore up the global economy, while oil prices tumbled to a four-year low as hopes for output cuts by OPEC faded.
Dalian Wanda to seek HK approval for up to $6 billion IPO on Monday: IFR
HONG KONG (Reuters) - Chinese real estate developer Dalian Wanda Commercial Properties, a unit of billionaire Wang Jianlin's Dalian Wanda Group, will seek approval from Hong Kong's bourse for an up to $6 billion initial public offering on Monday, IFR reported late on Wednesday citing sources familiar with the plans.
Lion Group set to buy ATR planes in nearly $1 billion deal - source
SINGAPORE (Reuters) - Indonesia's Lion Group is expected to sign a deal on Thursday to buy about 40 ATR 72-600 aircraft for nearly $1 billion at list prices, a source familiar with the matter said on Thursday.
U.S. consumer, business spending data point to slowing growth
WASHINGTON (Reuters) - U.S. consumer spending rose modestly in October and a measure of business spending plans fell for a second straight month, suggesting some slowing in the pace of economic growth.
Yellens optimal model calls for rate hike this year, in theory
WASHINGTON (Reuters) - Federal Reserve Chair Janet Yellen has said the tenor of economic data will decide when the U.S. central bank raises interest rates. Surprisingly, a data analysis based on Yellens own priorities points to a rate increase by the end of this year.
Behind Googles Europe woes, American accents
By Foo Yun Chee BRUSSELS (Reuters) - When EU politicians call for the break-up of Google, it can sound like sour grapes, the anti-American backlash of an aging Europe envious, and fearful, of the wealth and growing power of young U.S. tech giants. Indeed, to many in Brussels it is Google's fellow Americans - such as Microsoft, Expedia and TripAdvisor - whose complaints and big-money lobbying have driven a four-year-old investigation by the powerful European Commission into whether Google abuses its dominance of Internet searches to push favored Web sites.
Nigerias parliament says Shell should pay $4 billion for 2011 oil spill
By Abraham Terngu ABUJA (Reuters) - Nigeria's National Assembly said on Wednesday oil major Shell should pay $3.96 billion for a 2011 spill at its offshore Bonga oilfield in the latest assessment of damage to the environment. The non-binding decision comes after years of analysis by various Nigerian state agencies, which have proposed a range of fines as high as $11.5 billion. The parliament finally reached a decision based on the report of the National Oil Spill Detection and Response Agency (NOSDRA), which previously recommended a fine of $5 billion. Shell declined to comment. ...
U.S. new home sales rise in October, but September revised down
WASHINGTON, Nov 26 (Reuters) - Sales of new U.S. single-family homes rose for a third straight month in October, but a downward revision to the prior month's sales pace indicated the housing market recovery would remain gradual.
OPEC heading for no output cut despite oil price plunge
VIENNA (Reuters) - OPEC Gulf oil producers will not propose an output cut on Thursday, reducing the likelihood of joint action by OPEC to prop up prices that have sunk by a third since June.
Unemployment rates fall in two-thirds of US states
Unemployment rates fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.
US stocks edge higher in afternoon trading
Stocks were on track to finish higher Thursday afternoon for the second day in a row as investors drew encouragement from reports on Chinese manufacturing, U.S. home sales and some positive earnings from Best Buy, Dollar Tree and other retailers.
US stocks edge higher in midday trading
Major stock indexes shifted higher in midday trading Thursday, getting a lift from an encouraging report on Chinese manufacturing and some positive earnings from Best Buy, Dollar Tree and other retailers. The market also got a boost from data showing modest improvement in sales of previously occupied homes.
US stocks edge higher in morning trading
Major stock indexes moved higher in morning trading Friday, shaking off the prior day's slide over the possible geopolitical fallout from the downing of a passenger jet flying over eastern Ukraine. Investors had their eye on financial results from several big companies, including Google and Honeywell International.
US stocks are mixed in early trading
NEW YORK (AP) — U.S. stocks are opening mixed as investors look over more earnings reports from big companies.