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  • Porsche CEO bets big on redesigned Panamera model
    BERLIN (Reuters) - Porsche expects to increase sales of the redesigned Panamera sedan by at least a third next year, its chief executive said, counting on enhanced digital features and more efficient engines to boost demand for the 113,000-euro ($125,000) model.
  • IKEA recalls 36 million chests, dressers after six deaths
    WASHINGTON (Reuters) - Swedish furniture retailer IKEA Group is recalling almost 36 million chests and dressers in the United States and Canada that have been linked to the deaths of six children, the U.S. Consumer Product Safety Commission said on Tuesday.
  • Sony cuts FY2017 revenue target for devices unit on weaker smartphone demand
    TOKYO (Reuters) - Japan's Sony Corp said on Wednesday it expects its image sensor business will miss its revenue target for the 2017 fiscal year because of weakening global demand for smartphones.
  • Important to look at individuals in VW scandal: Lynch
    PHOENIX (Reuters) - U.S. Attorney General Loretta Lynch said on Tuesday that it was important for the Justice Department to look at individuals in the ongoing criminal investigation into the Volkswagen emissions scandal.
  • Tesla investor group wants more independent board, cites Musk ties
    SAN FRANCISCO (Reuters) - An investor group called on Tesla Motors Corp on Tuesday to add two independent directors to its board and separate the roles of chairman and chief executive as it highlighted founder and CEO Elon Musk's dominance of the board in the wake of Tesla's proposed bid for SolarCity.
  • Asia stocks join rally, uncertainty keeps bonds bid
    SYDNEY (Reuters) - Asian share markets joined a global rally on Wednesday as the immediate impact of Britain's vote to leave began to wane and investors wagered central banks would have to ride to the rescue with more stimulus measures.

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May 11, 2016stockadminwp