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Carlos Ghosn to be indicted on additional charge as early as Monday: NHK

Tokyo prosecutors are likely to indict former Nissan Motor Co Ltd Chairman Carlos Ghosn on an additional charge of aggravated breach of trust as early as Monday when his current detention period expires, public broadcaster NHK reported on Friday.


Qualcomm’s joint venture with Chinese province to shut down: The Information

A joint venture between U.S. smartphone chipmaker Qualcomm Inc and China’s Guizhou province will shut down by the end of the month, The Information reported on Friday, citing employees at the venture.


HNA denies embezzlement claims as it fights for control of Hong Kong Airlines

Embattled Chinese conglomerate HNA Group has denied accusations of embezzlement and financial irregularity made by a rival group of shareholders in Hong Kong Airlines (HKA) as the two sides fight for control of the struggling carrier.


Nissan to cut global production by 15 percent: Nikkei

Nissan Motor Co Ltd will cut global production by about 15 percent for the fiscal year ending March 2020 as the company shifts away from the aggressive expansion campaign promoted by former Chairman Carlos Ghosn, the Nikkei newspaper reported on Friday.


New North American trade deal modestly boosts U.S. economy, trade panel finds

The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday.


GM CEO Barra’s pay dipped slightly to just under $22 million in 2018

General Motors Co’s top executive, Mary Barra, received a compensation package worth just under $22 million in 2018, slightly less than the previous year, according to the No. 1 U.S. automaker’s proxy statement released on Thursday.


Hermes CEO steps down from L’Oreal board over competing make-up line

French beauty group L’Oreal said on Thursday that Axel Dumas, the CEO of Birkin-bag maker Hermes, had resigned as a board member as the luxury group starts work on its own line of cosmetics.


Honeywell expects Boeing 737 MAX deliveries to resume in the second half of 2019

Honeywell International Inc on Thursday said it expects the production rate and deliveries of Boeing Co’s 737 MAX jets to resume in the second half of this year.


Schlumberger profit falls 19.8 percent on weak North America activity

Top oilfield services provider Schlumberger NV reported a 19.8 percent fall in quarterly profit on Thursday, hit by weak demand for its equipment and services from U.S. oil producers under pressure to rein in spending.


Pinterest valued at $12.7 billion in IPO, sign of tech demand after Lyft struggles

Pinterest Inc’s initial public offering set the online scrapbook company’s valuation at $12.7 billion on Wednesday, above its expectations and a sign of strength for the tech IPO market after Lyft Inc’s struggles.