The Traderszone Network

Former American International Group chief executive Maurice “Hank” Greenberg will appeal a U.S. judge’s ruling that awarded him and other shareholders no damages over the company’s 2008 bailout, his company Starr International Co said in a statement on Tuesday. Judge Thomas Wheeler of the Court of Federal Claims in Washington, D.C. on Monday sided with Greenberg on a key legal claim, but refused Starr International’s request for up to $50 billion in damages on behalf of Starr and about 270,000 other shareholders. Greenberg sued the U.S.

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Toyota Motor Corp will recall almost 1.37 million more vehicles in the United States due to potentially deadly front passenger-side air bags made by Japan’s Takata Corp (7312.T), Toyota said on Tuesday. The expansion pushes the total number of Toyota vehicles recalled in the United States because of dangers posed by Takata air bags to more than 2.9 million. Some Takata air bags have opened with too much force, sending shrapnel into vehicles.

Adobe said on Tuesday it expected an adjusted profit of 45-51 cents per share on revenue of $1.18 billion-$1.23 billion for the third quarter. Analysts were expecting a profit of 54 cents per share and revenue of $1.25 billion, according to Thomson Reuters I/B/E/S. Adobe is switching from traditional box licenses to web-based subscriptions for its Creative Cloud software bundle for more predictable recurring revenue.

Russia hopes to rebuild its investment outlook and relationship with the rest of the world during its international economic forum.

Among the shares expected to see active trade in Wednesday’s session are those of FedEx, Oracle and Jabil Circuit.
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A quick and successful offensive by Kurdish fighters and allied rebels in a northern Syrian town boosts a U.S.-backed effort to choke off Islamic State’s supply routes.

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Chinese companies are turning to an unlikely source for profits in the soft economy: the country’s red-hot stock markets.
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