Friday, 21 December 2018

Daily Investor Update: Automakers boost Takata air bag recall completion rates

Reuters.com Newsletter

Automakers boost Takata air bag recall completion rates

Automakers in the United States repaired more than 7.2 million defective Takata air bag inflators in 2018, as companies have ramped up efforts to track down parts in need of replacement, a report from an independent monitor released on Friday said.

Goldman Sachs CEO to employees: our compliance is strong

Goldman Sachs Group Inc Chief Executive David Solomon on Friday defended the bank against criticism of its compliance and oversight related to dealings with the sovereign wealth fund 1MDB, according to a message sent to employees obtained by Reuters.

JD.com CEO will not face assault charges in Minnesota

Minnesota prosecutors will not charge the chief executive officer of China's JD.com Inc, Richard Liu, after he was accused of rape by a University of Minnesota student during a recent U.S. visit, authorities said on Friday.

Dollar rallies from post-Fed losses as U.S. shutdown likely

The dollar gained on Friday as investors sought the currency's safety amid persistent equity market volatility and a possible U.S. government shutdown.

Wall St. hits fresh lows on economic worries

Wall Street stocks fell in volatile trading on Friday, with the Nasdaq on pace to confirm it is in a bear market, as concerns of slowing economic growth led investors to flee stocks in high-valuation sectors such as technology and communication services.

Boeing heads for expected 2018 plane order victory over Airbus

Boeing Co looked poised to beat European arch-rival Airbus for aircraft orders in 2018 by a wide margin after clinching billions of dollars in new business from Nigeria's Green Africa Airways and Saudi Arabia's flyadeal.

Citi regional executives get new responsibilities in 2019

Citigroup Inc has divided up the roles of outgoing North America Chief Executive Bill Mills, according to an internal memo seen by Reuters.

Williams soothes markets, says Fed listening and could change policy

The Federal Reserve is listening to the concerns of markets and open to changing its policy views next year, one its most influential members said on Friday, even while he stood by plans for interest-rate hikes and further paring of the Fed's bond portfolio.

Biotech swoon adds to Nasdaq's pain as bear market looms ever closer

As the Nasdaq Composite continues to stumble its way toward a bear market, biotech shares are worsening the collapse of the tech-heavy index.

Online clothing retailers hunt for better fit to cut costly returns

Models testing fashion brands like Adidas , Benetton and Gap are finding that almost a third of the shoes and clothes they try on are bigger or smaller than the size on the label indicates, explaining why many clothes bought online are sent back.

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