Benzinga Before The Bell: Instagram Head To Relocate To London, SEC Charges 11 for $300M Crypto Ponzi Scheme, Oracle''s Layoffs And Other Top Financial Stories Tuesday, August 2
Reuters Toyota Affiliate Held Responsible For Fudging Emissions Data From At Least 2003, Investigation Finds Toyota Motor Corp (NYSE: 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 (OTC: 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 (NYSE: APO ) is in advanced talks to acquire the airfreight company Atlas Air Worldwide Holdings, Inc (NASDAQ: 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.
Benzinga Before The Bell: Instagram Head To Relocate To London, SEC Charges 11 for $300M Crypto Ponzi Scheme, Oracle''s Layoffs And Other Top Financial Stories Tuesday, August 2
Reuters Toyota Affiliate Held Responsible For Fudging Emissions Data From At Least 2003, Investigation Finds Toyota Motor Corp (NYSE: 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 (OTC: 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 (NYSE: APO ) is in advanced talks to acquire the airfreight company Atlas Air Worldwide Holdings, Inc (NASDAQ: 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.