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Asian shares drop after U.S., China PMIs hit Wall Street

TOKYO - Asian shares got off on the back foot on Wednesday after weak manufacturing activity reports from both the U.S. and China sent Wall Street reeling, while the dollar steadied after steep losses.

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Hit by cheap oil, Canada's economy falls into recession

OTTAWA - The Canadian economy shrank again in the second quarter, putting the country in recession for the first time since the financial crisis, with a plunge in oil prices spurring companies to chop business investment.

3:09pm EDT

Google redesigns iconic logo for the fifth time

- Google Inc unveiled a redesign of its iconic logo on Tuesday, the fifth such modification since the search engine giant started in 1998, the company said in a blog post.

1:46pm EDT

U.S. says 19 million Takata air bag inflators still need repair

DETROIT - U.S. safety regulators on Tuesday said that about 19 million defective Takata Corp air bag inflators remain installed in U.S. vehicles, and that no root cause to the problem has been found.

4:56pm EDT

Rosengren sees gradual Fed rate hikes, downplays timing

NEW YORK - The Federal Reserve will probably only gradually raise interest rates, irrespective of whether it decides to take the first step a few months earlier or later, a top U.S. central banker said on Tuesday.

3:24pm EDT

Exclusive: Mexico withheld millions in tax refunds from P&G, Unilever, Colgate

MEXICO CITY - Mexico's government withheld hundreds of millions of dollars in tax refunds owed to Procter & Gamble, Unilever, and Colgate combined as it sought to coax them and other multinationals to pay more income tax locally, according to people close to the talks.

3:17pm EDT

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