Bloomberg As automakers turn their vehicles into app-laden computers on wheels, there’s one habit they don’t want to acquire from Silicon Valley: fighting over patents in court. Manufacturers from BMW AG to Hyundai Motor Co. to Ford Motor Co. are trying to learn from the smartphone wars, which cost technology companies hundreds of millions of dollars in legal fees, as ...

Bloomberg Porsche AG, its name synonymous with sports cars, is gaining traction in the shift to electric autos. The Volkswagen AG unit said 60 percent of buyers of its revamped Panamera four-door coupe opted for the partly battery-powered version from its sales start in June through October. The brand is now rolling out the vehicle in China and the US, ...

Bloomberg Self-driving vehicles will be ready to roll next year, though the work to make them affordable to individual consumers is still “in the first inning,” according to the CEO of a company working on the technology. Initial autonomous auto customers will be businesses deploying delivery vehicles and robot taxis, said Kevin Clark, the chief executive officer of Delphi Automotive ...

Bloomberg Banks emerged relatively unscathed from global regulators’ final batch of post-crisis capital rules, with few lenders needing to raise major new funds. The Basel Committee on Banking Supervision on December 7 issued new rules on how banks estimate the risk of mortgages, loans and other assets. The compromise, reached after fierce lobbying by the industry, will cause “no significant ...

Bloomberg The People’s Bank of China will refrain from raising open-market interest rates even if the US Federal Reserve decides to increase borrowing costs next week, according to a Bloomberg survey. More than 80 percent of 32 economists, analysts and traders said that the PBOC will maintain its current rates on reverse-repurchase agreements, which guide the cost of funding in ...

Bloomberg Nordea Bank AB will approach about 500 employees in Finland as it starts acting on a program announced in October to cut thousands of jobs. The biggest Nordic bank will ax about 420 jobs and move another 50 to Estonia and Poland, Nordea said on its website. The reductions are equivalent to about 6 percent of its workforce in ...

Bloomberg The great credit party that’s taken yield premiums in major markets down around lowest in a decade is probably months away from an end, as central banks normalise monetary policy and the economic outlook softens, Societe Generale SA predicts. “We expect next year to be a transition year, when the ultra-low yield environment finally starts to lose its grip,” ...

Bloomberg Jes Staley’s latest problem at Barclays Plc? Not enough people want to leave. The bank has seen a decline in staff voluntarily leaving in the aftermath of Brexit, which managers are attributing partly to fears their positions may be relocated if they switch to a rival less tied to London, according to people familiar with the trend. The lower ...

Bloomberg Deutsche Lufthansa AG has to do more to allay European Union concerns about its takeover of most of Air Berlin Plc after offering concessions that won’t fully appease regulators, according to two people familiar with the process. Lufthansa would need to improve upon its offer to cede landing rights of Air Berlin’s Niki arm in order to win approval ...

Bloomberg Ryanair Holdings Plc faces its first-ever strike as crews in Italy prepare to walk out as part of a push for unionisation and company-wide contracts, and staff in six other countriesconsider action. Pilots and flight attendants in Italy plan to walk off the job for four hours from 1 pm local time on December 15, according two unions. Workers ...