30 January, 2015 by The TZ Newswire Staff Comments Off on Honda says fatal crash involved Takata air bag inflator rupture
Honda says fatal crash involved Takata air bag inflator rupture
Honda Motor Co Ltd on Friday said it has confirmed that a Takata Corp (7312.T) air bag inflator ruptured in a Jan. 18 crash in Texas that killed the driver. Prior to the incident that took place near Houston, Takata air bags had been linked to at least five deaths. On Thursday, Honda issued a statement about the fatal crash involving a 2002 Honda Accord with a Takata air bag but had not yet confirmed that the inflator had ruptured. U.S. safety regulators have said defective Takata air bag inflators in certain vehicles can rupture and spray metal fragments inside the vehicle.
30 January, 2015 by The TZ Newswire Staff Comments Off on AT&T top buyer at U.S. airwaves auction; Dish spends big
AT&T top buyer at U.S. airwaves auction; Dish spends big
WASHINGTON/SAN FRANCISCO (Reuters) – AT&T Inc (T.N) spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Dish Network Corp (DISH.O) spending heavily to manage a surprise win at No.2 ahead of Verizon, results showed on Friday. AT&T bid a total of $18.2 billion to win licenses of so-called AWS-3 spectrum. Dish itself did not win any licenses, but had invested in bidding partners SNR Wireless LicenseCo LLC and Northstar Wireless LLC, which bid a total of $13.3 billion.
30 January, 2015 by The TZ Newswire Staff Comments Off on Fed’s Fisher: stronger dollar good for U.S. jobs
Fed’s Fisher: stronger dollar good for U.S. jobs
Sharp gains in the U.S. dollar are good for the U.S. labor market, a top Federal Reserve official said on Friday, downplaying a crescendo of complaints from top executives over the dent to their profits. “CEOs that have international operations complain about it,” Dallas Fed President Richard Fisher told Reuters in an interview. Fisher takes those complaints with a grain of salt. Fisher, who plans to retire from his post in March, holds views that are often far from those at the Fed’s core.
30 January, 2015 by The TZ Newswire Staff Comments Off on Exclusive: Sysco, US Foods offer to divest 11 facilities to win FTC deal approval
Exclusive: Sysco, US Foods offer to divest 11 facilities to win FTC deal approval
Food distributor Sysco Corp (SYY.N) and its biggest rival, US Foods Inc (USFOO.UL), have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. The deal, proposed in December 2013, is seen as problematic because Sysco and US Foods are the only companies with the geographic reach to offer nationwide contracts to deliver a wide range of goods to customers ranging from hotel chains to hospitals to fast food chains and fine restaurants.
30 January, 2015 by The TZ Newswire Staff Comments Off on Chevron’s profit beats as chemical sales offset cheap oil
Chevron’s profit beats as chemical sales offset cheap oil
Chevron Corp , the second-largest U.S. oil producer, reported a higher-than-expected quarterly profit on Friday as sales of chemicals, lubricants and other refined products helped offset plunging crude …
30 January, 2015 by The TZ Newswire Staff Comments Off on Exxon adds discrimination protections in U.S. for LGBT workers
Exxon adds discrimination protections in U.S. for LGBT workers
Exxon Mobil Corp (XOM.N), the world’s largest publicly traded oil company, has changed its U.S. employment policies to prohibit discrimination based on sexual orientation and gender identity as now required by federal law. Investors had pressed for the change for years, filing shareholder proposals for Exxon to guarantee protections against discrimination based on sexual orientation since 1999. Exxon has previously resisted making the change, saying it already prohibited all forms of discrimination at its offices anywhere in the world.
