Bhinneka News Online: Reuters Daily Investor Update: April 14, 2017

Friday, 14 April 2017

Reuters Daily Investor Update: April 14, 2017

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Friday, April 14, 2017

Apple receives permit in California to test self-driving cars: DMV

(Reuters) - Apple Inc has secured a permit to test autonomous vehicles in California, which allows it to conduct test drives in three vehicles with six drivers, the state Department of Motor Vehicles said on Friday.

Uber's revenue hits $6.5 billion in 2016, still makes large loss

(Reuters) - Ride-hailing service Uber Technologies Inc [UBER.UL] generated $6.5 billion in revenue last year and its gross bookings doubled to $20 billion, the ride-hailing service said on Friday.

Apple considers bidding for big stake in Toshiba chip business: report

TOKYO (Reuters) - Apple Inc is considering teaming up with its supplier Foxconn to bid for Toshiba Corp's semiconductor business, Japanese public broadcaster NHK reported on Friday - the latest twist in the sale of the world's second-biggest flash memory chipmaker.

HSBC to pay $2 million to resolve U.S. civil loan fraud lawsuit

(Reuters) - HSBC Holdings Plc has agreed to pay about $2 million to settle a civil fraud lawsuit that alleged the bank improperly attempted to get reimbursement from the federally backed U.S. Small Business Administration (SBA) on bad loans it knew were based on fraudulent or potentially fraudulent information.

Abbott agrees to buy Alere at lower price from earlier offer

(Reuters) - Diversified healthcare company Abbott Laboratories on Friday agreed to buy Alere Inc at a lower price than it had previously offered, after raising concerns about the accuracy of various representations, warranties and covenants made by Alere in the earlier agreement.

Sao Paulo judge rules Uber drivers are employees, deserve benefits

SAO PAULO (Reuters) - A judge in Brazil's biggest city ruled this week that a driver using the Uber [UBER.UL] ride-hailing app is an employee of the San-Francisco-based company, threatening its business model in one of its biggest markets.

Fiat Chrysler CEO rows back on merger search, says focused on plan

AMSTERDAM (Reuters) - Fiat Chrysler Chief Executive Sergio Marchionne rowed back on his search for a merger on Friday, saying the car maker was not in a position to seek deals for now and would focus instead on following its business plan.

U.S. retail sales, inflation data highlight weak first quarter growth

WASHINGTON (Reuters) - U.S. retail sales fell for a second straight month in March and consumer prices dropped for the first time in just over a year, underscoring the magnitude of the loss of economic growth momentum in the first quarter.

VW says has bought, fixed more than half of polluting 2.0-liter diesels in U.S.

WASHINGTON (Reuters) - Volkswagen AG said on Friday the company has bought back or repaired more than half of 475,000 polluting 2.0-liter diesel vehicles under a U.S. government settlement, just six months after it launched the largest-ever automotive repurchase offer.

Takata rescue talks extended, even as bankruptcy risk looms

TOKYO (Reuters) - Potential rescuers of Japan's Takata Corp have extended talks, already in their 14th month, for a deal to take over the air bag maker at the heart of the auto industry's biggest safety recall, people briefed on the process said.