Daily Investor Update: Automakers to provide up to $130 million for Takata's U.S. settlement

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Tuesday, February 13, 2018

Automakers to provide up to $130 million for Takata's U.S. settlement

WILMINGTON, Del. (Reuters) - A group of 13 automakers will contribute as much as $130 million to compensate those injured by faulty Takata Corp air bag inflators as part of a deal to resolve the Japanese company's bankruptcy, a U.S. plaintiffs' attorney told Reuters.

Icahn, Deason urge Xerox shareholders to oppose Fujifilm deal

(Reuters) - Xerox Corp's plan to sell itself to Japan's Fujifilm Holdings has come under further pressure with Carl Icahn and Darwin Deason urging fellow shareholders to oppose the $6.1 billion deal.

Twitter's CEO downplays chatter about possible acquisition

SAN FRANCISCO (Reuters) - Twitter Inc Chief Executive Jack Dorsey said on Tuesday that he saw value in the social media network remaining an independent company, downplaying recent speculation by analysts that it could be an acquisition target.

Blue Apron puts EBITDA breakeven on table for late 2018

NEW YORK (Reuters) - Blue Apron Holdings Inc said on Tuesday it could break even on a key measure of profitability earlier than Wall Street analysts had expected, fueling a brief surge in the meal-kit maker's shares.

Sky pays 3.6 billion pounds to win bulk of new Premier League rights

LONDON (Reuters) - Rupert Murdoch's Sky will pay 3.58 billion pounds to show 128 Premier League matches for three seasons from 2019/20, in a deal that brings to an end rampant inflation in the value of the domestic rights for English top-flight soccer.

Wall Street ends up for third straight session; inflation data ahead

NEW YORK (Reuters) - Wall Street climbed on Tuesday for a third straight session, buoyed by Amazon.com and Apple , while investors focused on inflation data on Wednesday that could upset the market's fragile recovery - or clear the way for more gains.

Delta interested in new mid-size Boeing jet, despite trade spat

NEW YORK (Reuters) - Delta Air Lines Inc said on Tuesday that Boeing Co's anticipated new mid-market jet is an "interesting concept," in an early indication the carrier is not harboring ill will over a recent trade row with the planemaker.

Unhappy Canada says U.S. aims to weaken other NAFTA members

OTTAWA (Reuters) - Canada's chief negotiator at talks to modernize NAFTA on Tuesday said the United States aimed to weaken Canada and Mexico rather than ensure all three members of the trilateral trade pact benefited.

Renault to appoint finance executives to board after Desmarest exit

PARIS (Reuters) - Renault will hire insurance boss Thierry Derez to its board, sources told Reuters, replacing senior director Thierry Desmarest, who resigned days before a key meeting on succession planning for the carmaker's Chief Executive Carlos Ghosn.

Takata, injured drivers reach deal to end U.S. bankruptcy

(This version of the Feb. 11 story corrects paragraph 11 to show drivers will only be prevented from suing Honda, not all automakers)

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