Honda Skids Into the Red as Air-Bag Recall Takes Toll
TOKYO—Honda Motor Co. swung to a loss in its latest quarter because of ballooning costs tied to recalls of Takata air bags, a problem dragging on auto-making profits world-wide. Honda has been the hardest hit among car makers, but an executive said Friday that the company sees light at the end of the tunnel because it has set aside enough cash to cover replacements for air-bag inflaters tagged for recall over the next several...>> view originalUS Retail Sales in April Grew at Best Pace in More Than a Year
Consumers boosted spending in April to the highest levels in more than a year, accelerating their turn toward online shopping and widening the divide between in-store retailers and Internet outlets pitching lower prices and convenience. While data from the Commerce Department on Friday showed overall retail sales rose 1.3% in April from a month earlier, the category that includes shopping on Amazon.com Inc. and rival websites and apps grew 2.4%. And in the past year, Internet and catalog sales ..>> view originalHumbled hedge fund managers acquiesce to clients at Vegas confab
Thomson ReutersLeon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas By Lawrence Delevingne LAS VEGAS (Reuters) - Swaggering hedge fund managers, long known for ignoring client complaints during years of strong performance, are trying something new: listening. The shift was evident at the annual SkyBridge Alternatives Conference in Las Vegas this week, where a group of money managers humbled by losses or meager re..>> view originalUS stocks take a late tumble as retail suffering continues
By MARLEY JAY, AP Markets WriterNEW YORK (AP) — A late slump Friday pulled U.S. stocks to their third straight weekly loss. Companies that make clothing, food and household goods dropped on more bad news from retailers, and energy companies fell with the price of oil.Stocks started falling just before noon and continued to slump the rest of the day. Machinery and equipment companies took some of the biggest losses. Retailers fell again after Nordstrom and J.C. Penney became the latest departmen..>> view originalAnti-Counterfeit Group Suspends Alibaba After a Month
An anti-counterfeit group suspended the membership of Alibaba Group Holding Ltd., one month after the Chinese Internet giant joined, after questions were raised about conflicts of interest involving the coalition’s president and complaints from some members.The International AntiCounterfeiting Coalition, a nonprofit global organization that fights counterfeit products and piracy, created a new membership category in April that allowed Alibaba to join. Alibaba is trying to shed its image as a ha..>> view originalPfizer Blocks the Use of Its Drugs in Executions
Lawyers for condemned inmates have challenged the efforts of corrections officials to conceal how the drugs are obtained, saying this makes it impossible to know if they meet quality standards or might cause undue suffering.“States are shrouding in secrecy aspects of what should be the most transparent government activity,” said Ty Alper, associate director of the death penalty clinic at the University of California, Berkeley, School of Law.Before Missouri put to death a prisoner on Wednesday, ..>> view original
Saturday, May 14, 2016
Honda Skids Into the Red as Air-Bag Recall Takes Toll and other top stories.
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