Recent Posts

Takata recalls 3.3 million air bags under US order

Bloomberg Takata Corp., the parts supplier that filed for bankruptcy after sparking the largest auto recall in history, called back 3.3 million air bags as part of a US order that scheduled repairs of the potentially deadly devices over several years. The supplier identified at least 15 automakers that purchased the air bags, including Toyota Motor Corp., Honda Motor Co., ...

Read More »

US urges UK to cut EU rules after Brexit for trade

Brexit protesters outside the houses of parliament

Bloomberg The US wants Britain to cut European Union regulations after Brexit to boost the chances of striking a free-trade deal between the two countries. If Prime Minister Theresa May ditches some EU rules on farming and food processing, “there is a much greater opportunity for trade between the UK and US,” according to Ted McKinney, undersecretary for trade at ...

Read More »

Uber’s former CEO plans 29% stake sale

Bloomberg Former Uber Technologies Inc. Chief Executive Officer Travis Kalanick, who has long boasted that he’s never sold any shares in the company he co-founded, plans to sell about 29 percent of his stake in the ride-hailing company, people with knowledge of the matter said. Kalanick stands to reap about $1.4 billion from the transaction with SoftBank Group Corp. and ...

Read More »
Send this to a friend