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Hyundai, Kia recall 570,000 vehicles, advise owners to park outside because of fire risk

The Korean car makers said the recalled vehicles could be equipped with a faulty tow hitch assembly that can take on water and experience an electrical short. This can increase…

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Exclusive-ValueAct seeks to oust four directors of Seven & i

By Svea Herbst-Bayliss(Reuters) -ValueAct Capital informed Seven & i Holdings on Friday it would lobby to remove four directors from the Japanese's convenience store operator's 14-member board, citing "a failed…

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Credit Suisse shares slump over 61% in premarket trading after UBS deal

LONDON/ZURICH (Reuters) - Shares in Credit Suisse dropped 61.95% in premarket trading in Zurich on Monday after rival UBS agreed at the weekend to take over the 167-year old bank…

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China fines Deloitte $31 million for auditing negligence

BEIJING (Reuters) -China has fined auditing firm Deloitte 211.9 million yuan ($30.8 million) for failing to perform its duty in assessing the asset quality of China Huarong Asset Management Co…

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Boeing signs deal with U.S. army to build 184 AH-64E Apache helicopters

(Reuters) - Boeing Co said on Friday it had signed a contract with the U.S. army and international customers, including Australia, to build 184 AH-64E Apache attack helicopters. The $1.9…

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Republican senator to Yellen in hearing: ‘That’s a lie’

WASHINGTON (Reuters) - A Republican senator accused Treasury Secretary Janet Yellen on Thursday of lying about whether President Joe Biden was willing to meet with Republicans to discuss Social Security,…

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Biden says will address banking crisis on Monday morning

NEW CASTLE, Delaware (Reuters) - U.S. President Joe Biden said on Sunday he would address the banking crisis Monday morning, as the federal government announced actions to shore up deposits…

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Mormon church and investment co to pay $5 million for misleading public -SEC

By Pete SchroederWASHINGTON (Reuters) - The Church of Jesus Christ of Latter-day Saints (LDS) and its investment management company have agreed to pay a combined $5 million to settle charges…

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Amazon is the latest company to bring staff back to the office three days a week

Amazon employees will be expected to work from the office at least three days per week starting May 1st, according to an email CEO Andy Jassy sent to staff posted…

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Does New Bundle with MGM+ Make Amazon a Potential Starz Buyer?

Now Amazon’s MGM+ is playing with “Power.” And “Outlander,” and “P-Valley,” etc. Starz and Amazon have struck what the companies are calling a “long term” deal to bundle Starz with…

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