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(Reuters) – Custodian bank State Street Corp (STT.N) plans to lay off 15 percent of its senior management, Bloomberg reported on Wednesday, citing people familiar with the matter. The lay-offs, which will affect executive vice president and senior vice president positions among others, will begin on Wednesday as the company continues to tackle costs, the report said mens black onyx cufflinks. The company, under CEO Ronald O’Hanley, has been trying for austerity measures and to make the structure lean, the Bloomberg report said..
WASHINGTON (Reuters) – Toyota Motor Corp (7203.T) said Wednesday it is recalling another 1.7 million vehicles worldwide for potentially faulty Takata air bag inflators as part of a multi-year industry recall campaign announced in 2016. Automakers are adding about 10 million vehicle inflators in the United States to what was already the largest-ever recall campaign in history mens black onyx cufflinks. Last week, Ford Motor Co said it was recalling 953,000 vehicles worldwide for Takata inflators. Previously, 37 million U.S. vehicles with 50 million inflators were recalled and 16.7 million inflators remain to be replaced..
At least 23 deaths worldwide have been linked to the rupturing of faulty Takata air bag inflators, including 15 in the United States. Toyota’s new recall relates to vehicles from the 2010 through 2015 model years, and includes 1.3 million vehicles in the United States. More than 290 injuries worldwide have been linked to Takata inflators that could explode, spraying metal shrapnel inside cars and trucks. In total, 19 automakers are recalling more than 100 million potentially faulty inflators worldwide mens black onyx cufflinks.
To date, 21 deaths have been reported in Honda Motor Co (7267.T) vehicles and two in Ford vehicles. Both automakers have urged some drivers of older vehicles not to drive them until the inflators are replaced. The defect led Takata to file for bankruptcy protection in June 2017. In April, auto components maker Key Safety Systems completed a $1.6 billion deal to acquire Takata. The merged company, known as Joyson Safety Systems, is a subsidiary of Ningbo Joyson Electronic Corp (600699.SS). Automakers in the United States repaired more than 7.2 million defective Takata air bag inflators in 2018 as companies ramped up efforts to track down parts in need of replacement, according to a report released last month mens black onyx cufflinks.
NEW YORK (Reuters) – Oil prices jumped more than 4 percent on Wednesday as the extension of U.S.-China talks raised hopes of easing trade tensions between the two superpowers, while OPEC-led crude output cuts also provided support. U.S. West Texas Intermediate (WTI) crude CLc1 futures rose $2.38 to $52.16 a barrel, a 4.8 percent gain, by 1:15 p.m. EST (1815 GMT), the first time this year that WTI has topped $50. Brent crude LCOc1 futures gained $2.48, or 4.2 percent, to $61.20 a barrel. West Texas Intermediate (WTI) crude CLc1 futures for February delivery rose $2.38 to $52.16 a barrel, a 4.8 percent gain mens black onyx cufflinks.