Japanese airbag maker Takata files for bankruptcy, gets Chinese backing – Reuters

TOKYO/WASHINGTON Japan’s Takata Corp, the firm at the center of the auto industry’s biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems. In the biggest bankruptcy of a Japanese manufacturer, Takata […]

Morning Agenda: Third Point Sets Sights on Nestlé – New York Times

• Trian, which took a $3.5 billion stake in Procter & Gamble and which, for more than a year, has quietly applied pressure to General Electric. Advertisement Continue reading the main story • Land and Buildings, which wants the owner of Saks to consider selling its real estate — and perhaps to make the department […]

Six contenders to be Uber’s new CEO – The Hill

The search is on for a new CEO at Uber. After Uber and its CEO Travis Kalanick’s reputations were dragged through the mud over revelations of misconduct and other missteps in the past several months, Kalanick finally stepped down earlier this week. Now the company, which is battling accusations of sexism in the workplace, a […]

What might Amazon gobble up next? – Chicago Daily Herald

What might Amazon gobble up next? – Chicago Daily Herald

No, Uber’s Business Model Is Not the Problem – Fortune

This article first appeared in Term Sheet, Fortune’s newsletter on deals and dealmakers. Sign up here. After Uber CEO Travis Kalanick was fired, one of the (many, many) takes on the news was that Uber’s business model is a bigger problem than its toxic culture. Here’s one example of this take from the Wall Street […]

Even With Whole Foods, Amazon Would Need Many More Warehouses to Reshape Grocery Delivery – New York Times

One key to Amazon’s success in general retail sales has been its speed in delivering products to consumers, facilitated by warehouses located strategically throughout the United States. As of 2016, the company had about 100 million square feet of space in its fulfillment and data centers, some of it outfitted with state-of-the-art robotics to boost […]

Morning Agenda: Banks Clear First Hurdle in Stress Tests – New York Times

Banking industry groups seized upon the results as proof that it was time to ease up on testing. The Fed tests were overseen by Jerome H. Powell, a former private equity executive, who said on Thursday that the Fed should consider phasing out the qualitative portion of the test, which measures matters like internal controls. […]

Trump visited this Boeing factory to celebrate jobs. It just announced layoffs – Washington Post

Five months ago at a Boeing factory in South Carolina, President Trump proclaimed, “We are going to fight for every last American job.” On Thursday, workers at the North Charleston plant learned they’d soon face layoffs. The airplane manufacturer announced it would be cutting “fewer than 200 people” at the 787 Dreamliner campus and other […]

State-owned Qatar Airways seeks 10 pct stake in American – ABC News

State-owned Qatar Airways is attempting to buy a 10 percent stake in American Airlines, triggering U.S. antitrust oversight of deals that size. American said in a regulatory filing Thursday that the bid was unsolicited, but that there have been conversations between the CEOs of both airlines. Earlier this month Saudi Arabia, the United Arab Emirates, […]

Buffett Follows Goldman Model in Bailout for Home Capital – Bloomberg

Warren Buffett has become the lender of last resort for Home Capital Group Inc. The billionaire investor agreed to buy shares at a deep discount and provide a fresh credit line for the Canadian mortgage company, tapping a formula he used to prop up lenders from Goldman Sachs Group Inc. to Bank of America Corp. […]

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