More Mitsubishi models in Japan found with inflated mileage
By YURI KAGEYAMA, AP Business Writer TOKYO (AP) — The mileage scandal at Mitsubishi Motors Corp. is widening after the Japanese government ordered sales halted on eight more models after finding mileage was falsely inflated. The Japanese automaker acknowledged in April it systematically falsified mileage data on its eK wagon and eK Space minicars, also produced for Nissan Motor Co. At that time, it had said no other models were affected. But the transport ministry carried out its own tes..>> view originalWhat just happened to Apple, explained
Apple CEO Tim Cook. AP The European Commission, the EU's executive arm, is ordering Apple to pay $14.5 billion in taxes to Ireland. But Ireland doesn't want the money, and Apple says it shouldn't have to pay. And the kind of tax breaks that the EU accuses Ireland of offering Apple are similar to the kind of deals common in, and legal in, the US. What happened? This is what the EU says: Apple Inc., which is based in California, set up two companies in Ire..>> view originalTribune Media inks deal to sell Tribune Tower to developer
Los Angeles-based developer CIM Group has agreed to buy Tribune Tower for up to $240 million, marking the end of media ownership for the historic North Michigan Avenue building and the beginning of a new chapter, likely as part of a mixed-use redevelopment.Chicago developer Golub & Co partnered with CIM to buy the tower and adjacent property from Tribune Media. The deal, announced by Tribune Media Tuesday, is expected to close by the end of September, the company said. Chicago-based Tribune Med..>> view originalGerman Unemployment Falls in Sign Spending Set to Remain Strong
German unemployment continued its decline in August, signaling that consumption driven by a strong labor market may cushion the blow to Europe’s largest economy from Britain’s decision to leave the European Union.The number of people out of work fell by a seasonally adjusted 7,000 to 2.675 million, data from the Federal Labor Agency in Nuremberg showed on Wednesday. Economists in a Bloomberg survey forecast a drop of 4,000. The jobless rate remained at a record low of 6.1 percent.The sign of jo..>> view originalUnited Continental's New President Gets Initial $5 Million Bonus
Updated Aug. 30, 2016 7:16 p.m. ET United Continental Holdings Inc. UAL 8.60 % on Tuesday released details of the base salary and other compensation for its newly hired president, Scott Kirby, who shifted into the job from the same post at rival American Airlines Group Inc. AAL 2.43 % Mr. Kirby, who was hired Monday, is slated to collect an annual base salary of $875,000 and a sign-on bonus of $5 million in options, among other incentive-based compensation, Uni..>> view originalTwo Fed Officials Offer Different Views on Risks From Low Rates
Two Federal Reserve officials laid out sharply different takes on whether continued low interest rates might raise the risks of financial instability, highlighting divisions on the Federal Open Market Committee ahead of its September policy meeting.Federal Reserve Bank of Chicago President Charles Evans argued at a conference in Beijing Wednesday that expectations for interest rates remaining low for a long time are becoming entrenched among investors, allowing the Fed to delay raising rates wi..>> view originalAsian shares ease ahead of US jobs data, oil slips
By Jamie McGeever | LONDON LONDON Bond yields rose on Wednesday, with 10-year U.S. Treasury yields on course for their biggest monthly rise in over a year as investors continued to build up bets that the Federal Reserve will raise interest rates before the year is out.The growing prospects of a rate hike, perhaps next month, lifted the dollar against many major currencies, pushing it up to a one-month high against the Japanese yen. The increase in market-based rates and a firm dollar kept a ..>> view originalSwift warns banks of fresh wave of cyber heists
Secure financial messaging service Swift has warned member banks of a fresh wave of attempted and successful cyber heists. It urged banks to comply with security measures introduced after the theft of $81m from an account belonging to the Bangladesh central bank in February 2016, reports Reuters. Download this free guide Your exclusive guide to CIO trends A collection of our most popular articles for IT leaders from the first few months of 2016, including: - Corporate giants recruit digita..>> view originalWarren Buffett-Backed BYD Rises To 14-Month High After Electric Car Sales Soar
Legendary Boeing engineer Joe Sutter dies; he pioneered Boeing's 747 jumbo jet
Joe Sutter, who died Tuesday at age 95, was known for his bold technical designs, for tough but inspirational leadership, and for a roguish sense of humor that made him a vibrant personality. Joe Sutter, the legendary Boeing engineer who led development of the 747 jumbo jet, was known for his bold technical designs, for tough but inspirational leadership, and for a roguish sense of humor that made him a vibrant personality to the end of his days. Mr. Sutter died Tuesday at age 95. His son, Jona..>> view original
Saturday, October 22, 2016
More Mitsubishi models in Japan found with inflated mileage and other top stories.
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