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Uber to plan boosting resources for SE Asia

  Bloomberg Uber Technologies Inc. will redeploy 150 engineers from its China operations to other key markets such as Southeast Asia after agreeing to sell its business in the world’s most populous nation, according to people with direct knowledge of the plan. The San Francisco-based employees will develop new features such as mapping as it boosts services for the region ...

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‘Collective failure’ at Mitsubishi led to fuel fraud

  Bloomberg An investigation of practices at Mitsubishi Motors Corp. found a corporate culture where workers couldn’t push back against management demands and infighting between departments contributed to a fuel-economy manipulation scandal that’s led to a rescue from Nissan Motor Co. It was a systemic failure that led to the cheating and blame can’t be pinned on any one department, ...

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Philippine telephone profit drops 33% in Q2

  Bloomberg Philippine Long Distance Telephone Co. profit fell 33 percent in the second quarter as the nation’s largest phone carrier booked losses for its investment in Germany-based Rocket Internet SE and as earnings from its mobile-phone, data and landline businesses were little changed. Net income was 6.25 billion pesos ($133 million) in the three months ended June, compared with ...

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