Automakers Add 2.2M Cars To Takata Air Bag Recall
Fiat Chrysler adds 1.4 million vehicles globally Honda adds 350000 US BMW adds 420100 US as US automakers expand Takata recall amid NHTSA's 33.8 million total. The inflators can explode sending debris. six deaths have been linked, all in Honda vehicles, with humidity worsening the problem.
MENTIONED IN THIS ARTICLE
Fiat Chrysler Automobiles
Honda
BMW
National Highway Traffic Safety Administration
NHTSA
Japan
Hondas
Auto recalls expand to fix passenger side air bags
Fiat Chrysler Honda and BMW expand recalls affecting 2001 2010 model years and various sedans SUVs and pickups. Honda and Acura recall 350 000 vehicles with driver and passenger air bag inflator replacements while BMW adds 3 Series 5 Series X5 recalls with sport steering wheel option. Additional Fiat Chrysler Dodge Ram 1500 2500 3500 and Sterling 4500 5500 cab chassis lines recalled for air bag issues.
MENTIONED IN THIS ARTICLE
Honda
Fiat Chrysler
BMW
Acura
Bruce Smith
JPMorgan Plans Job Cuts and Cost Control
JPMorgan Chase & Co will cut thousands of jobs over the next year to curb expenses and sell businesses. Bloomberg cites plans, with The Wall Street Journal noting more than 5,000 potential layoffs by next year, according to anonymous sources.
MENTIONED IN THIS ARTICLE
Jpmorgan Chase & Co
Bloomberg
Wall Street Journal
Amazon expands Elements private label into grocery items
Amazon grows its Elements brand by moving into food items beyond baby wipes. The Wall Street Journal reports the plan targets more grocery products for Prime members, with several vendors approached for partnerships.
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Amazon
The
Wall Street Journal
Amazon Prime
Former accountant Friehling sentenced to home confinement
David Friehling, who certified fake financial records for Bernard Madoff, was sentenced to one year of home confinement after agreeing to cooperate with prosecutors. He testified against five insiders in the 2008 Ponzi scheme case, helping secure guilty verdicts.
MENTIONED IN THIS ARTICLE
Bernard Madoff
David Friehling
U.S
Employers scramble to retain workers amid tight labor market
Employers boost pay benefits and training as the labor market tightens. Paul McDonald of Robert Half notes firms recognize potential turnover and are increasing investments in employees. The unemployment rate edged down to 5.4 percent from 5.5 percent, while 2.8 million workers quit in March seeking other posts.
MENTIONED IN THIS ARTICLE
Paul McDonald
Robert Hall
Bureau of Labor Statistics
George Petras
USA
Hold On To Job Hoppers Drives Firms To Retain Talent
U.S. employers raise wages and expand benefits to curb turnover as cost pressures boost the Employee Costs Index. CFOs plan more bonuses and training while fast food chains and other firms lift starting pay. Firms like Drinker Biddle & Reath and Smokey Bones implement extended leave, stay interviews, and stock options to hold staff.
MENTIONED IN THIS ARTICLE
Papouli’s
San Antonio
Nick Anthony
McDonald’s
Anthony
Drinker Biddle & Reath
U.S
Joe Raedle
Getty Images
Mark Ansorge
Silicon Valley
GlimpzIt
Google
Parry Bedi
Smokey Bones Bar & Fire Grill
Dick Finnegan
Avago to buy Broadcom for 37 billion in deal
Avago Technologies announced a 37 billion dollar cash and stock bid to acquire California based Broadcom, valuing the merged group at about 77 billion enterprise value. The deal would create Broadcom Limited with 15 billion in annual revenue and 750 million in annual synergies within 18 months.
MENTIONED IN THIS ARTICLE
Avago Technologies
Broadcom
Avago
Christopher Rolland
FBR & Co
Arago
Wall Street Journal
Hock Tan
Broadcom Limited
Henry Samuels
Henry Nicholas
Tan
Scott McGregor
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Jpmorgan
Madoff
DOW Jones Industrial Avg
S&p
USA Today
Marketwatch.com
BMO
Harris Bank
McDonald
Walmart
Target
Starbucks
Renevere Broadcom Limited
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