Autos

India's top court gives diesel vehicles reprieve in Delhi | Reuters

Honda audit finds Takata manipulated airbag tests - Bloomberg | Reuters

Japan's Takata Corp ( 7312.T ) has routinely manipulated results of airbag inflator tests reported to Honda Motor Co Ltd ( 7267.T ), Bloomberg reported on Monday, citing an ongoing audit commissioned by both companies. Takata engineers removed some test results to artificially reduce variability in airbag inflator performance, Bloomberg said

U.S. investigates steering problems in 135,000 older Toyota SUVs | Reuters

WASHINGTON Steering and braking problems linked to two crashes and five injuries in 135,000 Toyota sport utility vehicles have prompted the opening of a federal investigation, a U.S. auto safety regulator said on Friday.

Boxing legend Muhammad Ali dead at age 74 - media reports | Reuters

Former world heavyweight champion Muhammad Ali, whose record-setting boxing career, unprecedented flair for showmanship and controversial stands made him one of the best-known figures of the 20th century, died on Friday aged 74, media reports said. The former boxer died in a Phoenix-area hospital where he spent the past two days, family spokesman Bob Gunnell told NBC News

India's services growth cools sharply to six-month low in May | Reuters

Growth in India's services industry slowed sharply in May to a six-month low, due to a deceleration in new orders, a business survey showed on Friday.

World stocks edge towards one-month high; U.S. jobs data eyed for Fed clues | Reuters

LONDON World shares advanced towards their highest level in a month on Friday, although investor wariness over the rising prospects of a near-term interest rate hike by the Federal Reserve subdued activity as traders awaited U.S. jobs data later in the day. European shares followed Asia higher, with the STOXX Europe 600 up 0.4 percent, boosted by a rebound in commodity-related shares as oil and copper prices both rallied.

ArcelorMittal pushes bid for Italy's Ilva steel plant, paper says | Reuters

ROME ArcelorMittal ( ISPA.AS ) has asked Italy's state lender Cassa Depositi e Prestiti (CDP) to back its bid for the troubled Ilva steel plant as it fights competition from two other bidders, according to an interview published in Il Sole 24 on Friday. On Tuesday the Italian government extended to June 30 the deadline for presentation of binding offers for Europe's largest steel plant by output capacity and said it would take four months to assess environmental aspects of the bids

UCLA shooter remembered in India as level-headed; struggled as postgrad | Reuters

KOLKATA, India The former student who killed his estranged wife and then drove 2,000 miles (3,200 km) to shoot dead a professor at the University of California, Los Angeles, was known at home in India as calm, smart and unassuming by former teachers and classmates.

SoftBank adds to AliBaba sale, bringing total to $10 billion | Reuters

TOKYO SoftBank Group Corp said on Friday it was selling a further $1.1 billion of its shares in AliBaba Group Holding Ltd, bringing the total it has sold in the Chinese e-commerce company to $10 billion. SoftBank on Wednesday said it would sell at least $7.9 billion of shares in AliBaba, marking the first sale of shares in the Chinese company since SoftBank began investing in it in 2000. The two companies said they would maintain a strategic partnership

GM, regulators clash over latest Takata air bag recall | Reuters

WASHINGTON The push by U.S. auto safety regulators to replace potentially dangerous Takata air bag inflators in millions of vehicles is running into resistance from General Motors Co, documents released on Thursday show. GM's response highlights the challenges that the Takata airbag scandal, which has led to the largest-ever auto safety recall, presents to automakers and regulators.