Thursday, 21 February 2019

Ford investigating possible problems with fuel economy, emissions tests

Reuters.com Newsletter

Ford investigating possible problems with fuel economy, emissions tests

Ford Motor Co said on Thursday it had hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns, and did not know whether it would have to correct data given to regulators or consumers.

Wall St. breaks run of gains as economic data disappoints

Weak economic reports pressured U.S. stocks on Thursday after the market's recent run of gains, and a drop in healthcare shares added to the bearish momentum.

Consumer Reports yanks recommendation for Tesla's Model 3, citing reliability

Consumer Reports on Thursday pulled a recommendation for Tesla Inc's Model 3, citing reliability problems, and the influential U.S. magazine turned up the pressure on other automakers to include crash-avoiding automatic braking as standard equipment.

Pinterest confidentially files for IPO: WSJ

Online image search site Pinterest Inc has confidentially filed with the Securities and Exchange Commission for an initial public offering, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

U.S. stocks sag on poor economic outlook; oil, gold slip

Wall Street stocks fell on Thursday due to a deteriorating economic outlook that was only partially offset by signs of trade progress between China and the United States, while gold and oil prices retreated from their recent peaks.

Exclusive: SpaceX, Boeing design risks threaten new delays for U.S. space program

NASA has warned SpaceX and Boeing Co of design and safety concerns for their competing astronaut launch systems, according to industry sources and a new government report, threatening the U.S. bid to revive its human spaceflight program later this year.

Puma goes up-market with joint collection with Porsche

Sportswear firm Puma is launching a joint collection with Porsche Design, the fashion and accessories brand owned by the German car company, tapping into demand for premium products just as luxury labels are moving into the market for sportswear.

AT&T pulls ads from YouTube over videos exploiting children

AT&T Inc pulled all its advertising from Alphabet Inc's YouTube for the second time in two years after a magazine reported the platform displayed ads next to videos that showed the exploitation of children.

U.S., China resume trade talks to thrash out structural agreements

The top U.S. and Chinese trade negotiators resumed high-level talks on Thursday to hash out a deal that could end their trade war, just over a week before a U.S.-imposed deadline to reach agreement expires and triggers a new round of tariffs.

Ford's Brazil shutdown highlights automakers' woes with excess capacity

Ford Motor Co's oldest factory in Brazil, slated for closure later this year, was a giant among auto plants, occupying a sprawling 12 million square feet (111.5 hectares), bigger than many of the automaker's U.S. facilities.

Philadelphia sues seven big banks, alleges municipal bond collusion

The city of Philadelphia has filed an antitrust lawsuit accusing seven major banks of conspiring to inflate interest rates for a type of bond used by cities, towns and other public entities, costing them potentially billions of dollars.

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