U.S. agency calls for safer lithium-ion batteries after Samsung fires

(Reuters) – Safety standards for lithium-ion batteries need to be modernized following a massive recall of Samsung Electronics Co Ltd phones after faulty batteries caused fires, a U.S. government agency said on Tuesday. “Consumers should never have to worry that a battery-powered device might put them, their family or their property at risk,” Consumer Product […]




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FINRA fines Wells Fargo, others $14 million for records’ changeable format

By Elizabeth Dilts NEW YORK (Reuters) – The Financial Industry Regulatory Authority said it fined several Wells Fargo Co businesses, RBC Capital Markets, LPL Financial and others a combined $14.4 million on Wednesday for record-keeping problems that may have allowed company and customer documents to be altered. The securities industry’s self-regulator found that the firms […]




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Trump talks to U.S. automakers, pushes for new American plants

By David Shepardson and Roberta Rampton WASHINGTON (Reuters) – U.S. President Donald Trump urged the chief executives of the Big Three U.S. automakers on Tuesday to build more cars in the country, pressing his pledge to bring jobs to America and discourage the car industry from investing in Mexico. Trump, who has threatened to impose […]




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Hyundai’s top U.S. executive resigns

WASHINGTON (Reuters) – Hyundai Motor Co’s 005380.KS top U.S. executive Dave Zuchowski has resigned effective immediately and has been replaced on an interim basis by the company’s general counsel, a company spokesman said Wednesday. Trade publication Automotive News said Zuchowski, who has been chief executive of Hyundai Motor America since 2014, was fired for failing […]




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Wall Street little changed in muted pre-holiday trading

By Noel Randewich (Reuters) – U.S. stocks fell on Wednesday, with healthcare and real estate shares losing ground a day after the Nasdaq Composite and the Dow Jones Industrial Average hit record highs. The Dow briefly rose to within 15 points of 20,000, a level it has never reached, but relinquished that gain and spent […]




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DuPont hit with $2 million verdict over Teflon-making chemical

By Erica Teichert (Reuters) – A U.S. jury in Ohio on Wednesday ordered DuPont (DD.N) to pay $2 million to a man who said he developed testicular cancer from exposure to a toxic chemical leaked from one of the company’s plants, according to the plaintiff’s lawyer Robert Bilott. The federal jury also found DuPont acted […]




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U.S. judge delays sentencing of VW employee aiding in emission probe

By David Shepardson WASHINGTON (Reuters) – A federal judge on Tuesday delayed the sentencing a German man who is the only person to face U.S. criminal charges over Volkswagen’s diesel emission cheating scandal, as he cooperates with prosecutors still investigating the matter. In September, James R. Liang, who has worked for Volkswagen (VOWG_p.DE) since 1983 […]




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Tesla posts 9.4 percent fall in quarterly deliveries

(Reuters) – Tesla Motors Inc (TSLA.O) said on Tuesday fourth-quarter deliveries fell 9.4 percent due to short-term production hurdles from the transition to a new autopilot hardware. Deliveries fell to about 22,200 vehicles in the fourth quarter from 24,500 vehicles in the preceding quarter. Total deliveries for 2016 of 76,230 also fell short of the […]




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Strong dollar lifts Japan shares, crimps commodities

By Saqib Iqbal Ahmed NEW YORK (Reuters) – Stock indexes around the world gained on Wednesday, bolstered by upbeat global economic data and minutes from the Federal Reserve’s December meeting, which showed policymakers thought the U.S. economy could grow more quickly because of fiscal stimulus under the incoming Trump administration. The dollar retreated from a […]




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Exclusive: Wall Street lawyer Jay Clayton emerges as Trump’s top SEC choice

By Svea Herbst-Bayliss and Steve Holland BOSTON/WASHINGTON (Reuters) – Wall Street lawyer Jay Clayton, who has worked on high-profile initial public offerings such as Alibaba Group, is a leading candidate to head the U.S. Securities and Exchange Commission in the Trump administration, two sources familiar with the matter said on Tuesday. Clayton is a partner […]




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