5 November, 2014 by The TZ Newswire Staff Comments Off on Companies sign secret tax deals with Luxembourg: report
Companies sign secret tax deals with Luxembourg: report
More than 300 companies, including PepsiCo Inc , AIG Inc and Deutsche Bank AG , secured secret deals from Luxembourg to slash their tax bills, the International Consortium of Investigative Journalists …
5 November, 2014 by The TZ Newswire Staff Comments Off on GM tells court it not liable for claims over pre-bankruptcy cars
GM tells court it not liable for claims over pre-bankruptcy cars
General Motors (GM.N) said in a court filing on Wednesday that it should not have to face lawsuits based on safety issues in cars made before its 2009 bankruptcy, including a faulty ignition switch that led to the recall of 2.6 million cars earlier this year. The brief, filed in Manhattan bankruptcy court, lays out GM’s legal arguments and is the opening salvo in litigation from GM drivers who say the automaker should make them whole for losses related to recalls this year. In April, GM asked Judge Robert Gerber of the U.S.
5 November, 2014 by The TZ Newswire Staff Comments Off on Strong book sales push News Corp profit above estimates
Strong book sales push News Corp profit above estimates
Along with from the Journal and the New York Post, News Corp’s properties include the Australian newspaper, book publishers HarperCollins and Harlequin Enterprises, stakes in Australian pay-TV and digital real estate businesses, and education company Amplify. Revenue from book publishing – which accounts for about 19 percent of total revenue – rose about 24 percent to $406 million in the first quarter, helped by higher book sales at its HarperCollins unit.
5 November, 2014 by The TZ Newswire Staff Comments Off on Honda ordered to give Takata air bag papers to U.S. agency
Honda ordered to give Takata air bag papers to U.S. agency
The air bags were made by Japanese supplier Takata Corp (7312.T), which received a similar order last Thursday from the National Highway Traffic Safety Administration. For the past 18 months, Takata has been besieged by chronic, widespread problems with defective inflators in its air bags, which can explode with excessive force and spray metal shards inside the vehicle. The issues have led to recalls at 10 automakers, but only Honda, Takata’s biggest customer, has been sent a special order by the NHTSA.
5 November, 2014 by The TZ Newswire Staff Comments Off on Hyundai Motor, Kia Motors aim to raise fuel economy by 25 percent by 2020
Hyundai Motor, Kia Motors aim to raise fuel economy by 25 percent by 2020
Hyundai Motor and its affiliate Kia Motors said on Thursday they aim to raise the average fuel economy of their vehicles by 25 percent by 2020 to meet emissions regulations in South Korea, the United States and Europe. In a statement, the South Korean automakers said they would develop next-generation engines and transmissions, reduce the weight of key models and expand their line-up of environmentally friendly vehicles to reach the target.
5 November, 2014 by The TZ Newswire Staff Comments Off on Qualcomm sees more China trouble, faces probes in U.S., Europe
Qualcomm sees more China trouble, faces probes in U.S., Europe
Qualcomm Inc (QCOM.O) warned on Wednesday that an antitrust investigation and problems collecting royalties could harm its business in China next year and it also disclosed new regulatory investigations in the United States and Europe. China’s expanding high-speed 4G network is driving demand for smartphones with leading-edge technology, but Qualcomm’s opportunities have been clouded by an 11-month-old antitrust investigation there.
5 November, 2014 by The TZ Newswire Staff Comments Off on Tesla third-quarter loss doubles to $75 million, shares jump
Tesla third-quarter loss doubles to $75 million, shares jump
Tesla Motors Inc (TSLA.O) shares rose more than 7 percent in after-hours trading on Wednesday after the electric-car maker beat analysts’ expectations for third-quarter results. The automaker said its quarterly loss nearly doubled from a year ago to $75 million, as manufacturing, sales and development expenses increased to meet rising demand for its Model S sedan. The company also said production of its next vehicle, the Model X crossover, will be delayed again by several months until the autumn of 2015, “to get all of the details right,” according to Chief Executive Elon Musk.