27 October, 2014 by The TZ Newswire Staff Comments Off on Amgen profit tops Wall Street expectations; raises 2014 outlook
Amgen profit tops Wall Street expectations; raises 2014 outlook
The world’s largest biotechnology company recorded a $376 million charge related to restructuring moves announced July 29 and expects to take another charge of up to $150 million in the fourth quarter. Amgen shares rose more than 1 percent. They are up about 20 percent since the restructuring announcement that involved plant closings and the slashing of 2,400 to 2,900 jobs as the company looks to reallocate resources to prepare for the launch of new medicines, including a potential multibillion-dollar cholesterol drug.
27 October, 2014 by The TZ Newswire Staff Comments Off on More air bag recalls could test automakers’ Takata ties
More air bag recalls could test automakers’ Takata ties
BEIJING/TOKYO (Reuters) – Japan’s Takata Corp (7312.T), whose potentially defective car air bags have been linked to four deaths in the United States, is unlikely to be dumped by its automaker customers given the cost and disruption of such a move – for now. Some business is leaking to rivals, but the industry doesn’t have the spare capacity to make a significant dent in Takata’s contracts. “Takata’s not going away,” said Scott Upham, a former executive at Takata and at third-ranked TRW Automotive Holdings Corp (TRW.N) and now president of Valient Market Research.
27 October, 2014 by The TZ Newswire Staff Comments Off on U.S. safety regulators probe Chrysler Ram pickup recalls
U.S. safety regulators probe Chrysler Ram pickup recalls
National Highway Traffic Safety Administration said in documents posted online that it is looking at delays in the availability of replacement parts in two recalls from last year, as well as “poor communications” by Chrysler (FCAU.N) with the safety agency. Chrysler, part of Fiat Chrysler Automobiles (FCHA.MI), said on Monday that it has kept NHTSA officials informed of the recalls’ progress and is cooperating in the safety agency’s “audit query” of the process.
27 October, 2014 by The TZ Newswire Staff Comments Off on Under full capital rules, 36 EU banks would have failed test
Under full capital rules, 36 EU banks would have failed test
Europe’s banking health check has shown countries and lenders are implementing global capital rules at vastly different speeds, and 36 companies would have failed if new capital rules were fully applied. The euro zone is lagging behind countries outside the bloc in implementing the Basel III capital rules that are due to come into full force in 2019, potentially adding another challenge for the European Central Bank when it takes over supervision of euro zone lenders next month.
27 October, 2014 by The TZ Newswire Staff Comments Off on Deaths linked to GM’s faulty ignition switch rise to 30
Deaths linked to GM’s faulty ignition switch rise to 30
A program that compensates victims of accidents caused by a faulty ignition switch in General Motors (GM.N) vehicles has approved one new death claim, bringing to 30 the total number of fatalities linked to the issue so far, according to a report on Monday. Since it began accepting claims on Aug. 1, the program has received 1,580 claims for deaths and injuries, said the report from the office of attorney Kenneth Feinberg, who was tapped by GM to run the program.
27 October, 2014 by The TZ Newswire Staff Comments Off on Exclusive: Amazon buys comedy service Rooftop Media to expand digital content
Exclusive: Amazon buys comedy service Rooftop Media to expand digital content
Amazon.com Inc (AMZN.O) is buying online comedy service Rooftop Media, a small deal that underscores the Internet retailer’s broader ambition of becoming a media and entertainment powerhouse. Amazon is persisting in buying content to round out its service, with designs to take on Netflix Inc (NFLX.O) and other online digital media services. Audible founder and Chief Executive Donald Katz said in a statement on Monday the company had been attracted by Rooftop’s content as well as its pool of comic talent.
27 October, 2014 by The TZ Newswire Staff Comments Off on Toyota tops, Fiat Chrysler last in Consumer Reports quality survey
Toyota tops, Fiat Chrysler last in Consumer Reports quality survey
Toyota Motor Corp’s namesake brand and its Lexus luxury brand finished one-and-two for the second year in a row in Consumer Reports’ annual quality survey of the U.S. The four lowest-scoring brands were all from Fiat Chrysler Automobiles’ Chrysler Group, as were five of the bottom seven. Fiat scored the lowest of the 28 brands and the Fiat 500L was named the least reliable among 265 models included in the survey.