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Markets

Honda CEO says to prioritize quality over sales target

Honda Motor Co's CEO (7267.T) said he would prioritize quality improvements over the company's target of selling 6 million cars in the year starting April 2016, as the automaker recalls millions of cars to fix potentially defective air bags.

Nov 10, 2014 9:42 AM EST

Markets

GM ordered new switches months before recall: WSJ

General Motors Co (GM.N) ordered half a million replacement ignition switches almost two months before it alerted federal safety regulators of the issues that prompted a recall of millions of vehicles, the Wall Street Journal reported, citing email exchanges between the automaker and its supplier Delphi Automotive Plc (DLPH.N).

Markets

Home Depot says about 53 million email addresses stolen in breach

Home Depot Inc, the world's largest home improvement chain, said hackers stole about 53 million email addresses in addition to customer data for 56 million payment cards previously disclosed by the retailer.

Markets

Canada businesses impatient for China growth as Harper promotes trade

Canadian Prime Minister Stephen Harper kicked off a visit to China on Friday facing criticism that the troubled diplomatic relationship between the two nations has hampered trade, but promptly raised concern about human rights during the mostly business portion of his trip.

Disney profit meets estimates with help from 'Guardians' film

Walt Disney Co (DIS.N) posted quarterly profit that fell in line with Wall Street expectations as the media and theme park giant rode the blockbuster performance of its movie box office hits "Maleficent" and "Guardians of the Galaxy."

Nov 07, 2014 9:01 AM EST

U.S. payrolls rise, unemployment rate falls to 5.8 percent

U.S. job growth increased at a fairly brisk clip in October and the unemployment rate fell to a fresh six-year low of 5.8 percent, underscoring the economy's resilience in the face of slowing global demand.

Nov 07, 2014 8:55 AM EST

U.S. fracking firms stay in top gear despite oil price slump

Unfazed by slumping oil prices and battering in the stock market, firms that supply sand and guar gum for shale oil and gas companies are not ready yet to call an end to a four-year boom spurred by hydraulic fracturing technology.

Nov 07, 2014 8:50 AM EST

Ford declines comment on Europe CEO's reported departure

U.S. carmaker Ford (F.N) declined comment on Thursday on a report saying the head of its loss-making European operations will be replaced by a candidate from within the company.

Nov 07, 2014 7:47 AM EST

Exclusive: Struggling in India, Toyota asks Daihatsu minicar unit to help - sources

Toyota Motor Corp (7203.T) is struggling to crack the affordable end of India's car market and has called on mini-car affiliate Daihatsu for help - a tacit admission that the Japanese autos giant doesn't always get it right in emerging markets.

Nov 07, 2014 7:38 AM EST

Takata executives ordered technicians to erase air bag test results: report

Takata Corp, the Japanese auto parts maker at the center of a global vehicle recall, ordered its technicians to destroy results of tests on some of its air bags after finding cracks in air bag inflators, the New York Times said on Friday.

Nov 07, 2014 7:32 AM EST

Facing U.S. safety probe, Honda expands air bag recall

Honda Motor Co, facing a U.S. safety probe, strengthened its recall of U.S. cars to replace potentially defective Takata Corp air bags linked to several deaths.

Nov 07, 2014 7:25 AM EST

Dow, S&P hit records in volatile trading

U.S. stocks edged up in a volatile session on Thursday, with the Dow and S&P 500 hitting fresh records on an indication that the European Central Bank would take more policy action if needed to boost a struggling euro zone economy.

Nov 06, 2014 4:02 PM EST

Speaker Boehner touts bills to build Keystone, repeal Obamacare

Legislation allowing the construction of the Keystone oil pipeline from Canada to the U.S. Gulf of Mexico, repealing Obamacare and reducing the nation's debt are at the top of Republicans' 2015 agenda, House of Representatives Speaker John Boehner said on Thursday.

Nov 06, 2014 4:00 PM EST