Takata boss says he’ll step down once ‘new regime’ is in place

TOKYO (Reuters) – Takata Corp’s chief executive said he will resign after a “new management regime” is found, finally bowing to calls for change so that the auto parts supplier can move ahead in dealing with a multi-billion dollar airbag recall.

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Takata boss says he’ll step down once ‘new regime’ is in place

UK’s Osborne says taxes will rise, spending will be cut after Brexit

LONDON (Reuters) – Finance minister George Osborne said on Tuesday that Britain would have to raise taxes and cut spending to deal with the economic challenge posed after Britons voted to leave the European Union.

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UK’s Osborne says taxes will rise, spending will be cut after Brexit

Uber, Lyft settle litigation involving top executives

SAN FRANCISCO (Reuters) – Rival ride services Uber and Lyft have settled high stakes litigation involving two of their top executives, court filings show, in advance of a trial that could have aired sensitive details about both companies.

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Uber, Lyft settle litigation involving top executives

U.S.-UK alliance seen outweighing Brexit trade concerns

WASHINGTON (Reuters) – The United States looks unlikely to follow through on a threat to relegate Britain to second-class trade status once its ally leaves the European Union, as it weighs the potential costs of undermining the countries’ close diplomatic and military ties.

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U.S.-UK alliance seen outweighing Brexit trade concerns

World stocks, sterling try to shake off Brexit blues

HONG KONG (Reuters) – Asian stocks rose for the first time in three days on Tuesday while sterling and other currencies advanced as investors scooped up beaten down assets after Britain’s vote to exit the European Union stunned financial markets.

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World stocks, sterling try to shake off Brexit blues

Pfizer to invest $350 million in China biotech hub, first in Asia

SHANGHAI (Reuters) – Pfizer Inc will invest $350 million to build a biotech center in China, the latest in a series of moves by pharma industry giants to set up shop in the world’s no. 2 drugs market with the aim of securing faster approvals for their products.

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Pfizer to invest $350 million in China biotech hub, first in Asia

Takata CEO says he’ll step down once ‘new regime’ is in place

TOKYO (Reuters) – Takata Corp CEO Shigehisa Takada said on Tuesday he would resign after a “new regime” is found for the auto parts supplier, finally bowing to calls to step down over a long-running recall crisis.

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Takata CEO says he’ll step down once ‘new regime’ is in place

Oil, FX bounce from early lows as investors hunt for bargains

HONG KONG (Reuters) – Sterling and Asian emerging market currencies regained some footing on Tuesday and crude oil bounced as investors scooped up beaten down assets after Britain’s shock vote to exit the European Union.

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Oil, FX bounce from early lows as investors hunt for bargains

Oil prices rise on looming Norway strike, but Brexit still weighs

SINGAPORE (Reuters) – Oil prices rose in early trading in Asia on Tuesday as a looming strike in Norway threatened to cut output in western Europe’s biggest producer, although Britain’s vote to leave the European Union was still weighing on markets.

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Oil prices rise on looming Norway strike, but Brexit still weighs

Volkswagen’s U.S. diesel emissions settlement to cost $15 billion: source

WASHINGTON (Reuters) – Volkswagen AG’s settlement with nearly 500,000 U.S. diesel owners and government regulators over polluting vehicles is valued at more than $15 billion cash, two sources briefed on the matter said on Monday.

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Volkswagen’s U.S. diesel emissions settlement to cost $15 billion: source

Viacom board rejected offer for director to meet Sumner Redstone

NEW YORK/SAN FRANCISCO (Reuters) – Viacom Inc’s board rejected an offer by Sumner Redstone’s attorneys to have one of Viacom’s independent directors meet face-to-face with the 93-year-old media mogul to get an understanding of his views on the media company, a spokesman for Redstone confirmed on Monday.

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Viacom board rejected offer for director to meet Sumner Redstone

Cuban hotel becomes first to operate under U.S. brand

HAVANA (Reuters) – A large “Four Points by Sheraton” sign has gone up outside the Havana hotel that this week becomes the first in Cuba to operate under a U.S. brand since the 1959 revolution.

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Cuban hotel becomes first to operate under U.S. brand

Two SolarCity board members will consider Tesla deal

LOS ANGELES (Reuters) – Solar panel maker SolarCity Corp said on Monday it has formed a special committee of just two directors to evaluate Tesla Motors Inc’s $2.8 billion takeover offer.

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Two SolarCity board members will consider Tesla deal

Texas ex-tycoon Wyly ordered to pay $1.1 billion for tax fraud

(Reuters) – A federal bankruptcy judge in Texas on Monday ordered former billionaire Sam Wyly to pay $1.11 billion in back taxes, interest and penalties after finding he committed tax fraud by shielding much of his family’s wealth in offshore trusts.

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Texas ex-tycoon Wyly ordered to pay $1.1 billion for tax fraud

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