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Bloomberg Here in the heart of America’s car industry, car parts have nowhere to go. Eighty-five tractor trailers full of hoods, bumpers and other assorted parts sat, unloaded, in Lansing, Michigan, — more evidence of the cost of the General Motors (GM) strike that has shut down most of its North American plants and idled 46,000 workers. Soon to enter ...

Bloomberg Facebook Inc has made mistakes in controlling the use of its data and has improved its monitoring of fake news but can’t be expected to police the global internet, spokesman Nick Clegg said in an interview in El Pais. Facebook’s vice president of global affairs and communication said the technology company can identify and warn users that certain content ...

Bloomberg The National Highway Traffic Safety Administration (NHTSA) says it’s received a petition calling for an investigation of certain Tesla Inc electric cars and is evaluating the complaint, according to a notice posted on regulator’s website. The petition, filed by a law firm representing Tesla drivers, alleges that Tesla updated battery management software in response to a potential defect that ...

Bloomberg Half of high-income millennials ages 30 to 34 fear they’ll have to work forever because they won’t be able to save enough to retire. That’s one take-away from a recent study that focussed on high-income millennials, those with a minimum annual income of $100,000 for single people or $150,000 for married ones. The survey was conducted by the Spectrem ...

Bloomberg HP Inc will slash as much as 16 percent of its workforce as part of a broad restructuring meant to cut costs and boost sales growth amid the company’s first change in top leadership in four years. The personal computer giant said it will cut 7,000 to 9,000 positions through firings and voluntary early retirement. The job reductions will ...

Bloomberg International bond investors may get a chance in coming days to weigh in on Indian wireless carrier Bharti Airtel Ltd’s efforts to pare debt, with market signs indicating enthusiasm for the push. The wireless carrier is planning to sell a dollar perpetual bond — debt with no set maturity — as early as October 8, according to a person ...

Bloomberg Tata Steel Ltd is weighing a sale of its stake in an e-commerce joint venture as India’s largest steel manufacturer looks to offload non-core assets to pare debt, people with knowledge of the matter said. The company is working with advisers on a potential sale of its 50 percent stake in mjunction Services Ltd, an online marketplace for commodities ...

Bloomberg An Indian credit ratings company cut Patanjali Ayurved by two levels, citing a likely weakening of its financial position as it partly funds a merger with a maker of soya products. Care Ratings downgraded Patanjali’s long-term bank facilities to A- from A+, according to a statement. Care and Brickwork Ratings cut the company’s outlook to negative from stable. Patanjali ...

Bloomberg India is emerging as the testing and acquisition playground for global consumer technology companies, especially the so-called FAANGs, according to a veteran internet analyst. RBC Capital Markets’ Mark Mahaney, who calls himself Wall Street’s “oldest internet analyst” after covering the sector for more than two decades, said India is now more popular than markets like China because it has ...

Bloomberg Sony Corp cut the price of its PlayStation Now video-game service in half, to $9.99 a month, a reflection of the increasing competition in online offerings. The industry leader in video games said it’s also adding limited runs of top-selling titles to the service, such as Take-Two Interactive Software Inc’s Grand Theft Auto V, and launching the first global ...