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Rolls Royce to cut 2,600 staff, appoints new CFO

British engineer Rolls-Royce (RR.L) said it would cut 2,600 jobs over the next 18 months, in a battle to reduce costs almost three weeks after a major profit warning.

Nov 04, 2014 10:14 AM EST

Markets

GM ignition-switch death, injury claims up 12 percent

A program to compensate victims of accidents caused by a faulty ignition switch in General Motors (GM.N) vehicles has received 1,772 claims for injuries and deaths, a 12 percent increase from the previous week, according to a report Monday.

Markets

U.S. opens probe into Honda reporting of Takata air bag failures

The U.S. National Highway Traffic Safety Administration said on Monday it will examine whether Honda Motor Co Ltd (7267.T) failed to report deaths or injuries involving air bags that are now part of a sweeping federal review.

Markets

Hyundai, Kia in record settlement with U.S. for overstating mileage

Korean carmakers Hyundai Motor Co (005380.KS) and affiliate Kia Motors Corp (000270.KS) will pay $350 million in penalties to the U.S. government for overstating fuel economy ratings in what officials said on Monday was the biggest settlement of its kind.

For workers who drive, no more excuses for shoddy mileage logs

More than 40 million Americans earn money while driving around in their cars, making them eligible for a valuable business mileage deduction from the Internal Revenue Service.

Nov 03, 2014 7:39 AM EST

U.S. student debt burden falling more on top earners, easing bubble fears

Young Americans with big college debts are often portrayed as struggling to pay their bills. The reality is somewhat different - those owing super-sized student loans tend to be higher paid.

Nov 03, 2014 7:37 AM EST

Alibaba's first earnings to test mettle, investor enthusiasm

Alibaba Group Holding Ltd's (BABA.N) first full quarterly report card to Wall Street investors on Tuesday will be scrutinized by the hopeful seeking validation for lofty stock price targets and studied by the few skeptics searching for inauspicious signs.

Nov 03, 2014 7:32 AM EST

Publicis to buy US digital ad firm Sapient for $3.7 billion

Publicis (PUBP.PA), the world's third-largest advertising agency, is to buy U.S.-based digital ad specialist Sapient (SAPE.O) for $3.7 billion in cash as it seeks to accelerate growth after a botched merger earlier this year.

Nov 03, 2014 7:27 AM EST

Stock futures edge lower with indexes at records

U.S. stock index futures ticked lower on Monday, with investors taking a pause following a sharp rally on Friday that took the Dow and S&P 500 to record levels.

Nov 03, 2014 7:24 AM EST

Continental AG CEO says Audi recall no threat to guidance

Continental (CONG.DE) said a fault with airbags installed at premium sportscar maker Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance.

Nov 03, 2014 7:12 AM EST

Daimler buys into Agusta as motorbike and car tech converge

Daimler AG (DAIGn.DE) will buy 25 percent of Italian motorcycle maker MV Agusta IPO-MVAG.MI - the latest sign that motorbike and car technologies are converging, driven by a push to lower emissions and improve safety.

Nov 03, 2014 7:08 AM EST

After the "bulldozer": Hyundai's consensus-building heir-apparent

When he attended design preview meetings for the Genesis luxury sedan, Hyundai Motor heir-apparent Chung Eui-sun suggested features he'd seen on high-end European rivals, such as a pop-up navigation screen and a gearshift that rises and retracts.

Nov 03, 2014 7:02 AM EST

Toyota says Oct China auto sales up 27.1 percent year/year

Toyota Motor Corp (7203.T) and its two Chinese joint ventures sold about 104,700 vehicles in China in October, up 27.1 percent from a year earlier, the Japanese automaker said on Monday.

Nov 03, 2014 6:55 AM EST

Daimler opens Beijing R&D centre to tune Mercedes-Benz to Chinese tastes

Daimler AG (DAIGn.DE) has opened a research and development (R&D) centre in Beijing tasked with further tuning its Mercedes-Benz brand to wealthy Chinese tastes and closing the sales gap with Audi AG (NSUG.DE) and BMW AG (BMWG.DE).

Nov 03, 2014 6:49 AM EST

U.S. services sector growth slows, pending home sales miss forecast

U.S. services sector activity dipped to a six-month low in October, pointing to some moderation in economic growth early in the fourth quarter.

Oct 27, 2014 11:47 AM EDT

CVS Health, Rite Aid block Apple Pay in their stores: NYT

Drug retailers CVS Health Corp (CVS.N) and Rite Aid Corp (RAD.N) have disabled Apple Inc's (AAPL.O) new electronic payments service Apple Pay from their stores over the weekend, the New York Times reported.

Oct 27, 2014 11:46 AM EDT