Reuters
Toyota Affiliate Held Responsible For Fudging Emissions Data From At Least 2003, Investigation Finds
- Toyota Motor Corp TM affiliate doctored emissions data on some engines going back to at least 2003, more than a decade earlier than previously indicated.
- The investigative committee tasked by truck and bus maker Hino Motors Ltd HINOY attributed the scandal to an environment where engineers failed to challenge superiors.
- Hino set up the committee after it admitted to falsifying data related to emissions and fuel performance of four engines.
Wall Street Journal
Apollo-Led Group In Advanced Negotiations To Purchase Atlas Air
- A group led by Apollo Global Management APO is in advanced talks to acquire the airfreight company Atlas Air Worldwide Holdings, Inc AAWW, reported Wall Street Journal, citing people familiar with the matter.
- The source states that a deal could come soon, assuming talks don’t fall apart.
- Atlas Air, situated in Purchase, New York, has a market value of about $2 billion and flies for freight, business, charter, and the military.
Bloomberg
Oracle Joins The Club For Downsizing Employees: Report
- Oracle Corp ORCL slashed jobs in marketing and the U.S. customer experience division, signaling a retreat in customer analytics and advertising services, Bloomberg reports.
- The job reductions coincided with Oracle’s focus on health care to win a share in the cloud technology market.
- Junior sales employees and a…
