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Japan carmakers vouch for safety of some Kobe Steel parts; company future uncertain

TOKYO Three Japanese automakers on Thursday said they found no safety issues with aluminum parts made by Kobe Steel Ltd , allaying some concerns that falsified quality data on products from the steelmaker had compromised their vehicles.

Recent Business News

Unilever sales disappoint as competition bites big brands

LONDON Unilever reported lower-than-expected third-quarter sales, losing market share to smaller competitors and dampening hopes that an aborted takeover offer from Kraft Heinz would spark a swift improvement.

6:16am EDT

Rosneft's Sechin says no watershed in oil market, U.S. shale oil a risk

VERONA, Italy A global deal to cut oil output has not led to a breakthrough on high inventory levels, while an expected rise in U.S. shale oil output may destabilize the market in 2018, the head of Russia's Rosneft, Igor Sechin, said on Thursday.

6:58am EDT

Novartis to shut U.S. generics plant, cut 450 jobs

ZURICH Swiss drugmaker Novartis is to cut 450 jobs in the United States over the next two years as it gradually shuts a generics manufacturing plant in Colorado and discontinues some products in the face of intense price pressures.

5:47am EDT

China biotech's 'coming out party' masks long road ahead

LONDON/SHANGHAI Investors are betting on China's potential to feed the global pharmaceutical pipeline, putting a multi-billion-dollar price tag on a handful of stocks, even as the country struggles to close a huge R&D gap with the West.

China, Health 2:10am EDT

Nasdaq, SGX in pact to woo firms interested in listing on both boards

Singapore Exchange Ltd (SGX) and Nasdaq Inc said on Wednesday they were teaming up to woo fast-growing Asian tech firms interested in listing on both their exchanges, as they look to better compete for mid-sized IPOs.

Deals, China 3:04am EDT

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