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Exclusive: Toyota settles U.S. probe into delayed emissions defect reports for $180 million – filing By Reuters

By David Shepardson WASHINGTON (Reuters) - Toyota Motor Corp settled a lengthy Justice Department civil probe into its delayed filing of emissions-related defect reports for $180 million, the government said in a court filing. Reuters first reported the expected settlement on Thursday to resolve the violations of the Clean Air Act. The U.S. Attorney's Office in Manhattan is set to announce the...

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Poshmark Soars in Yet Another Star IPO By Investing.com

By Christiana Sciaudone Investing.com -- Poshmark Inc (NASDAQ:POSH) opened at $97.50, more than twice the $42 at which it priced on Wednesday. The social media marketplace offered about 6.6 million shares — initially marketed between $35 and $39 — on Wednesday to raise $277 million in its public offering and now has a market worth of about $3.5 billion....

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Biden Stimulus Announcement, Powell Speech, Jobless Claims – What’s up in Markets By Investing.com

By Geoffrey Smith  Investing.com -- President-elect Joe Biden will present details of his plans to support the economy through the pandemic, while Federal Reserve chairman Jerome Powell may offer some reaction in a speech later. Weekly jobless claims are expected to rise slightly. Germany’s economy shrank by less than feared in 2019 and China’s trade surplus ends the Trump presidency at a record high....

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Biden Picks for Economic Team Bring Expertise on U.S. Wealth Gap By Bloomberg

(Bloomberg) -- Joe Biden’s White House economic team is adding two officials with experience working to close the U.S. racial wealth gap as the president-elect prepares to roll out his initial proposal for pandemic relief later Thursday. Sameera Fazili will be a deputy director of the National Economic Council focused on manufacturing, innovation and...

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London must be ‘clear eyed’ about prospects for EU access By Reuters

By Huw Jones LONDON (Reuters) - The City of London may remain largely cut off from the European Union's financial markets, industry officials warned on Thursday, saying a future co-operation agreement won't automatically unlock access. Britain's new post-Brexit trade deal with the EU does not cover financial services, leaving the City largely isolated from its biggest customer, fragmenting markets and helping New...

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Ghosn hid part of Nissan salary, fearing being forced out of Renault, Tokyo court told By Reuters

TOKYO (Reuters) - Carlos Ghosn hid part of his compensation at Nissan because he feared the French government would force him out of Renault (PA:RENA) if it discovered how much he earned, an executive at the Japanese carmaker told a Tokyo court on Thursday. Hari Nada, a former Nissan vice president in charge of legal affairs, is a key whistleblower...

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WhatsApp faces first legal challenge in India over privacy By Reuters

By Sankalp Phartiyal NEW DELHI (Reuters) - WhatsApp's updated privacy policy verges on user surveillance and threatens India's security, a petition filed in an Indian court said on Thursday, presenting another legal challenge for the Facebook (NASDAQ:FB) Inc-owned messenger. California-based WhatsApp said on Jan. 4 it reserved the right to share some data including location and phone number with Facebook and its...

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Foreign takeover of Carrefour a ‘major difficulty’ for government, says Le Maire By Reuters

PARIS (Reuters) - French Finance Minister Bruno Le Maire said a foreign company purchasing supermarket retailer Carrefour (PA:CARR) would be a "major difficulty" for the government because of the need to guarantee food security for citizens. "Carrefour is a very strong company and I fully trust Carrefour to improve its model and to develop a new distribution model, but having Carrefour...

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BlackRock Earnings, Revenue beat in Q4 By Investing.com

BlackRock (NYSE:BLK) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations. BlackRock announced earnings per share of $10.18 on revenue of $4.48B. Analysts polled by Investing.com anticipated EPS of $8.66 on revenue of $4.18B. BlackRock shares are up 8% from the beginning of the year and are trading at $779.75 , down-from-52-week-high.They are...

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Taiwan Semiconductor Earnings beat, Revenue misses In Q4 By Investing.com

Taiwan Semiconductor reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations. Taiwan Semiconductor announced earnings per share of 0.97 on revenue of 12.68B. Analysts polled by Investing.com anticipated EPS of 0.937 on revenue of 12.85B. Taiwan Semiconductor shares are up 9.35% from the beginning of the year and are trading at...

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