Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world’s media organizations, industry events and directly to consumers.
The news about deadly crashes linked to a faulty ignition switch, followed by wave upon wave of recalls, did not go down well for General Motors dealers earlier this year. But according to Robbie Long, service director for the dealer, what looked like “great adversity” has turned into an opportunity. The hundreds of customers bringing old cars…
Technology and the auto-industry is ever-more conjoining, according to Reuters. In 2012, a small team of Google Inc engineers and business staffers met with some of the world’s largest car makers, to discuss partnerships to build self-driving cars. It was as if the two were “talking a different language,” recalls one person who was present. Even…
In Reuters market news, the Federal Reserve is in the spotlight. According to Reuters, the Federal Reserve may scrap international measures aimed at assessing bank health – in favor of imposing its own rules. As a consequence, the transition is frustrating bankers who have spent billions retooling their books to meet global standards. Moreover, Fed officials…
Jens Weidmann steadfastly opposed any move by the European Central Bank to print money to buy assets and buoy the euro zone economy. This Bundesbank chief and head of the German central bank is well known for his hardline stances at the ECB, and in his latest endeavors, he is ready to support such quantitative easing…
One of the many symbols of Southern Europe’s industrial decline must be the sight of one particular washing machine factory that now makes fewer than half the washing machines it did when Italy joined the euro. Rather, today, the Porcia plant is also a testing ground for the region’s industrial future. Home appliance maker Electrolux, which owns…
Reuters investigates what is now known as Caterpillar’s dealer sales push. In recent years, the company has called the 178 independently owned businesses that distribute its earth-moving products worldwide everything from “a critical competitive differentiator” to “the foundation” of its success. Now the world’s largest maker of construction and mining equipment is adopting a cooler…
