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Ford unveils future Ranger pickup for segment rivals dominate

January 14, 2018 by  
Filed under News

DETROIT (Reuters) – Ford Motor Co on Sunday will officially take the wraps off its long-awaited Ranger midsize pickup truck, a year ahead of its arrival in showrooms, as rivals consolidate positions in a segment Detroit automakers once gave up for dead.


Source: Reuters Business News

Airbus in talks on 70-80 million euro deal to end German probe: paper

January 14, 2018 by  
Filed under News

FRANKFURT (Reuters) – Airbus is in talks with German prosecutors to end an investigation into the sale of Eurofighter jets to Austria in exchange for a settlement of between 70 million and 80 million euros ($85 million to $98 million), a German newspaper reported.


Source: Reuters Business News

After emissions scandal, Volkswagen on U.S. comeback trail with all-new Jetta

January 13, 2018 by  
Filed under News

DETROIT (Reuters) – Volkswagen will launch an all-new Jetta compact car, its biggest seller in America, at the Detroit Auto Show on Sunday as the German carmaker looks to revive sales in the world’s second-largest auto market and move on from the emissions scandal that has tarnished its reputation over the past few years.


Source: Reuters Business News

China to step up banking oversight in 'arduous' fight on financial risks

January 13, 2018 by  
Filed under News

BEIJING (Reuters) – China will step up oversight in the banking sector this year to reduce financial risks, the country’s banking regulator said, stressing that long-term efforts would be needed to control banking sector chaos.


Source: Reuters Business News

Exclusive: Current and former Uber security staffers cast doubt on spying claims

January 13, 2018 by  
Filed under News

SAN FRANCISCO (Reuters) – The former security chief of Uber Technologies Inc. swore in a closed legal proceeding that he knew of no attempts to steal trade secrets from anyone, including Alphabet Inc’s self-driving unit Waymo, and would be “shocked” if that had occurred.


Source: Reuters Business News

South African protesters ransack H&M stores over 'racist' ad

January 13, 2018 by  
Filed under News

JOHANNESBURG (Reuters) – Protesters angered by a “racist” H&M advertisement ransacked several of the Swedish fashion group’s South African stores on Saturday.


Source: Reuters Business News

Airbus ordered to pay 104 million euros to settle Taiwan missile dispute

January 13, 2018 by  
Filed under News

PARIS (Reuters) – Airbus said on Saturday it had been ordered to pay 104 million euros in fines over a missile sale to Taiwan in 1992, the latest French arms company to reach a settlement over disputes arising from one of France’s biggest ever arms sales.


Source: Reuters Business News

GM's new Chevy Silverado bids for more U.S. pickup profits

January 13, 2018 by  
Filed under News

DETROIT (Reuters) – General Motors Co on Saturday will fire a new round in the battle for profits from one of the U.S. auto industry’s most lucrative segments when it shows a new generation of its Chevrolet Silverado pickup truck at Detroit’s auto show.


Source: Reuters Business News

Adidas targets U.S. market share of 15-20 percent: paper

January 13, 2018 by  
Filed under News

FRANKFURT (Reuters) – German sportswear maker Adidas wants to increase its U.S. market share to around 15-20 percent from levels that are now “significantly lower”, its chief financial officer said.


Source: Reuters Business News

Alibaba's Taobao again on U.S. blacklist list for fakes

January 12, 2018 by  
Filed under News

(Reuters) – The U.S. Trade Representative put Alibaba’s Taobao on its blacklist for the second year in a row over suspected counterfeits sold on the shopping platform, a move the Chinese e-commerce giant said did not reflect its IP-protection efforts.


Source: Reuters Business News

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