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U.S. regulator expands warning over Takata air bags, more lawsuits filed

The problems for Japanese auto parts maker Takata Corp (7312.T) grew after U.S. safety regulators expanded a warning about faulty air bags to 6.1 million vehicles in the United States while two more lawsuits have been filed over accidents in older Honda cars.

Oct 22, 2014 11:29 AM EDT

Markets

Hyundai's revamped Sonata yet to rev up key U.S. market

The revamped Sonata sedan was supposed to help Hyundai Motor Co (005380.KS) reverse sluggish sales, but the car described by some critics as a bland substitute for its popular predecessor is off to a slow start in the key U.S. market.

Markets

Toyota executive stands by Takata as supplier despite air bag troubles

A top Toyota Motor Corp (7203.T) executive said on Wednesday the Japanese automaker has no plans to abandon Takata Corp (7312.T) despite the supplier's struggles with air bag inflators that could rupture and spray metal shrapnel at vehicle occupants.

Personal Finance

U.S. student loan debt is not killing homeownership

Is surging student debt really preventing an entire generation from becoming first-time homebuyers? Is surging student debt really preventing an entire generation from becoming first-time homebuyers? That's true, to an extent, but also mischaracterizes education debt as holding most people back, rather than helping them get ahead.

Apple seen riding higher on strong iPhone demand, iPad rebound

Strong global demand for Apple Inc's (AAPL.O) iPhone 6 will drive revenue growth through 2015, while updated models should help reverse three straight quarters of declining iPad sales, analysts said.

Oct 21, 2014 12:50 PM EDT

Tough U.S. rivalries, China food scandal pound McDonald's

McDonald's Corp's (MCD.N) - which has not given investors many reasons to sing the fast-food chain's "I'm lovin' it" jingle - on Tuesday said quarterly profit dropped by nearly one-third and warned that global restaurant sales will fall again in October.

Oct 21, 2014 12:41 PM EDT

NY Fed spotted JPMorgan 'Whale' risks four years before scandal: report

The New York Federal Reserve knew about risks J.P. Morgan faced from certain credit derivative exposure as early as 2008, but failed to act properly to head them off, the central bank's inspector general said on Tuesday.

Oct 21, 2014 12:36 PM EDT

Coca-Cola Co profit falls; company expands cost-cutting

Coca-Cola Co (KO.N) said on Tuesday that its quarterly profit fell 14 percent as sales of carbonated beverage volumes in North America declined.

Oct 21, 2014 12:24 PM EDT

Two more lawsuits filed against Honda, Takata for air bag defect

The recall crisis involving Takata-made air bags exploding with too much force and spraying occupants with metal shrapnel continues to grow, with two more lawsuits filed concerning accidents in older Honda cars.

Oct 21, 2014 12:09 PM EDT

U.S. to scrap trade deal on Russian steel duties

The U.S. Department of Commerce will terminate a 15-year-old deal sheltering Russian flat-rolled steel producers from high import duties, it said in a letter to Russian authorities.

Oct 21, 2014 12:00 PM EDT

Wall St. rallies 1 percent; S&P up for fourth straight day

U.S. stocks rallied on Tuesday, with the S&P 500 on track for a fourth straight session of gains as Apple and Texas Instruments jumped following their results.

Oct 21, 2014 11:56 AM EDT

Deaths linked to GM ignition-switch defect rise to 29

A program to compensate victims of a faulty ignition switch in General Motors Co (GM.N) vehicles has approved two new death claims, bringing the total number of deaths linked so far to the switch to 29, according to a report released on Monday by the lawyer overseeing the program.

Oct 21, 2014 11:50 AM EDT

As China gets tougher on fuel economy, some carmakers may be left behind

Chinese automakers from state-owned FAW Co to Zhejiang Geely are racing to sell more eco-friendly cars as they try to meet tough fuel economy rules due next year as part of Beijing's battle against pollution.

Oct 21, 2014 11:45 AM EDT

Fund managers say this is selloff they have been waiting for

For the first nine months of this year, U.S. fund managers could be counted on to tout the same line: the stock market was getting so expensive they could do nothing but sit on their hands. Yet the nearly 8 percent decline in the S&P 500 over the last two weeks has some top-performing portfolio managers buying for the first time in months.

Oct 20, 2014 11:40 AM EDT

Dollar softer after run-up, yen supported by stock gains

Major currencies traded in tight ranges on Monday with investors facing a vacuum of data and modest price changes in global markets, save for Japan where stocks rallied on possible public pension fund spending, which helped boost the yen.

Oct 20, 2014 11:38 AM EDT

Japanese stocks lead shares worldwide, IBM weighs on Dow

Equity markets worldwide edged higher on Monday, lifted by gains in Japanese shares, while mixed performance in U.S. stocks after IBM's quarterly results disappointed helped keep safe-haven U.S. Treasuries prices steady.

Oct 20, 2014 11:35 AM EDT