TOKYO (Reuters) – Toshiba Corp plans to notify its shareholders that board director nominees from two of its major hedge fund shareholders were not approved unanimously by the nomination committee, people familiar with the matter said on Friday. The embattled conglomerate plans to include the note on the divided vote in its notice of the…
By Paresh Dave OAKLAND, Calif. (Reuters) -General Motors Co’s Cruise on Thursday became the first company to secure a permit to charge for self-driving car rides in San Francisco, after it overcame objections by city officials. Self-driving test cars with human safety drivers have become a constant sight in San Francisco, and completely driverless ones…
California regulators on Thursday gave a robotic taxi service the green light to begin charging passengers for driverless rides in San Francisco, a first in a state where dozens of companies have been trying to train vehicles to steer themselves on increasingly congested roads. The California Public Utilities Commission unanimously granted Cruise, a company controlled…
By David Lawder WASHINGTON (Reuters) -The Biden administration is considering “all options” as it reviews potential changes to U.S. duties on Chinese imports, including tariff relief and new trade investigations in a shift of focus to strategic concerns with Beijing, Deputy U.S. Trade Representative Sarah Bianchi said on Thursday. Bianchi told Reuters in an interview…
By Lisa Baertlein and Tom Polansek (Reuters) – California port leaders expect imports to rise as Shanghai, home to the world’s busiest seaport, emerges from a two-month COVID-19 lockdown. The question is whether that release of pent-up goods will again swamp West Coast ports that have recently emerged from the pandemic’s massive cargo wave, they…
Congressional Democrats are accusing Amazon of “obstructing” their investigation into the company’s labor practices during severe weather events. Members of the House Committee on Oversight and Reform have sent a letter to Amazon CEO Andy Jassy, saying the company has failed to produce materials requested more than two months ago. The committee, which launched the…
By Noel Randewich and Anisha Sircar (Reuters) – Wall Street ended sharply higher on Thursday, led by Tesla, Nvidia and other megacap growth stocks in a choppy session ahead of a key jobs report due on Friday. Tesla, Nvidia and Meta Platforms each rose more than 4%, fueling gains in the S&P 500 and Nasdaq….
By Jonathan Stempel (Reuters) – Tenaris SA, a global manufacturer of steel pipes, said on Thursday it will pay $78.1 million to resolve U.S. probes into its alleged payment of bribes to win business from Brazil’s state-owned oil company Petrobras. The Luxembourg-based company will pay a $25 million civil fine plus $53.1 million in disgorgement…
(Reuters) – The U.S. Securities and Exchange Commission on Thursday said Tenaris SA, a maker and supplier of steel pipe products, will pay more than $78 million to resolve charges concerning a bribery scheme involving its Brazilian subsidiary. According to the SEC, the bribe scheme involved agents and employees of the Brazilian unit seeking to…
By Kanishka Singh WASHINGTON (Reuters) -A U.S. House of Representatives committee said on Thursday that it was investigating the Saudi Arabian government’s $2 billion investment with a firm of Jared Kushner, the son-in-law of former President Donald Trump. “The Committee on Oversight and Reform is investigating whether you (Kushner) have improperly traded on your government…
