Newswire

  • Newswire

    UPDATE 1-Japan's Abe cautions against Brexit regulation cliff edge  

    * Abe says does not want overnight Brexit cliff edge * Abe says overnight rule change would sow confusion * May has said she wants UK to be best place for business * Japanese companies are major investors in the UK (Adds quotes and detail) By Guy Faulconbridge and William James...More
  • Newswire

    Japan's Abe says Brexit regulation whiplash would be a concern for business  

    LONDON, April 29 (Reuters) - Japanese Prime Minister Shinzo Abe said that if the United Kingdom left the European Union with an abrupt change of rules for businesses then it could cause confusion for international firms. The leader of the world's third largest economy said he hoped there would be a transition period to ease the United Kingdom's exit from the EU that is scheduled for March 2019....More
  • Newswire

    Tesla must complete brake fix to regain top safety rating -Consumer Reports  

    By Nick Carey DETROIT, April 28 (Reuters) - Tesla Inc needs to complete fixing its Model S sedan emergency braking system to regain Consumer Reports' top safety rating, the magazine said on Friday, noting that a recent update by the luxury electric car maker was not enough. The magazine, which provides an annual rating of vehicles sold in the United States, said on Wednesday the sedan had lost its top ranking in the ultra-luxury car category for failing to install the feature that it had promised to owners as standard equipment....More
  • Newswire

    Improvements to S.Korea-U.S. trade deal may not shrink America's deficit  

    By David Lawder WASHINGTON, April 28 (Reuters) - A five-year-old U.S.-South Korean trade deal could be improved to increase access for American vehicles and deter currency manipulation, but changes will not necessarily shrink the U.S. trade deficit with the Asian export powerhouse. The U.S.-Korean Free Trade Agreement, whose anniversary falls next week, had promised to boost U.S. exports by $10 billion a year but in fact delivered an overall decline of $3 billion by the end of 2016, in part due to a slowdown in global trade....More
  • Newswire

    Tesla says it will stop selling solar door-to-door  

    By Nichola Groom April 28 (Reuters) - Tesla Inc on Friday said that its subsidiary SolarCity will curtail door-to-door sales of rooftop solar installations over the next month as Tesla seeks to absorb the company into its high-end brand. The move comes at a time when growth in sales of residential solar systems has slowed in key states, including California, where Tesla is based. Industry watchers say consumers in more mature solar markets have tired of the industry's aggressive sales tactics....More
  • Newswire

    Tesla recruiting engineers in Mexico for California plant  

    By Alexandria Sage SAN FRANCISCO, April 28 (Reuters) - Tesla Inc is recruiting engineers from Mexico to work on robotics and other automated equipment at its California factory, according to LinkedIn postings viewed by Reuters, part of a hiring push to ready the plant for mass production of the upcoming Model 3. The electric vehicle maker, which prides itself on its "Made in America" credentials, aims to build 500,000 cars a year by 2018 at its plant in Fremont, California, south of San Francisco. That would be a six-fold increase from 2016....More
  • Newswire

    BRIEF-Ford Motor says enters into 13th amendment to credit agreement dated Dec 15, 2006  

    April 28 (Reuters) - Ford Motor Co: * On April 28, company entered into thirteenth amendment to its credit agreement dated as of December 15, 2006 - SEC filing * As a result of the thirteenth amendment, the existing credit agreement has been amended effective as of April 28, 2017 - SEC filing * As a result of the thirteenth amendment, lenders have maintained total revolving commitments of $13.4 billion...More
  • Newswire

    UPDATE 1-Apple, Tesla ask California to change its proposed self-driving car testing policies  

    (Adds details from letters, Apple background) By David Shepardson April 28 (Reuters) - Apple Inc asked the state of California to make changes in its proposed self-driving car policies, the latest sign the company is pursuing driverless car technology....More
  • Newswire

    UPDATE 2-Foxconn plans 'capital-intensive' U.S. investment -Chairman Gou  

    (Adds Gou comments, Foxconn statement, background) By Ayesha Rascoe and J.R. Wu WASHINGTON/TAIPEI, April 28 (Reuters) - Foxconn, the world's largest contract electronics manufacturer and a major Apple Inc supplier, is planning a "capital-intensive" investment in the United States, Chairman Terry Gou said as he exited the White House on Friday....More
  • Newswire

    UPDATE 1-In first 100 days, a reversal of fortune for Trump favorites on Wall Street  

    (Adds graphic on currency, bonds under Trump) By Noel Randewich SAN FRANCISCO, April 28 (Reuters) - A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market's march higher. Meanwhile, stocks from sectors that have had less access, and have faced occasional bluster from Trump, such as media and technology, have hopped into the driver seat....More
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