The Traderszone Network

Toyota Motor Corp said on Wednesday it would recall about 625,000 hybrid cars globally to fix a software glitch that could, in limited cases, shut down the hybrid system while the car is being driven. …

Rising U.S. interest rates may not boost bank profits by as much as many executives and investors hope, JPMorgan Chase & Co (JPM.N) Chief Executive Jamie Dimon said on Tuesday. Investors expecting the Federal Reserve to lift rates this year have purchased U.S. bank shares, helping them perform much better than the overall U.S. stock market. Banks could be slow in paying higher rates to depositors, because customers were often reluctant to complete the paperwork necessary to switch their money to a different bank.

Yum’s sales at established KFC and Pizza Hut restaurants in China have taken a hit ever since a television news story in July last year alleged that one of its suppliers was using meat that was past its expiration date. Food safety is a highly emotive subject in the country, where scandals ranging from toxic baby milk formula to dirty food oil are common.

Toshiba’s shares have slumped around 27 percent in Tokyo since April when the company first disclosed irregularities in its books. The independent committee is likely to say Toshiba needs a governance overhaul, and more than half of its board could be replaced at the next shareholders’ meeting in September, sources said on Wednesday. A Toshiba spokeswoman said the company had not yet made any decision on the matter and was waiting for the third-party committee to release its findings.

Apparel maker Guess Inc said on Tuesday that Victor Herrero would replace co-founder Paul Marciano as chief executive in August. Herrero joins Guess after a stint as head of Asia Pacific for Inditex Group …

Marchionne gave an impromptu press conference on the sidelines of a ceremonial handshake to kick off contract talks with the United Auto Workers union. Regarding the discussions with the National Highway Traffic Safety Administration, Marchionne said, “There’s nothing signed,” but said the company needs to change the way it deals with regulators going forward. Marchionne didn’t elaborate on the discussions, but indicated he hopes the company can avoid fines.

When Netflix reports quarterly results after the bell Wednesday the most important number to watch is streaming subscribers.