4 more workers allege racial bias at Daimler plant

PORTLAND, Ore. (AP) — Oregon expanded its investigation into discrimination at the Portland truck-making plant of German automotive giant Daimler AG after four more employees came forward with allegations of racial harassment.

Texas Instruments posts solid 3rd-quarter results, says business healthy

By Noel Randewich SAN FRANCISCO (Reuters) – Texas Instruments Inc posted third-quarter results above expectations and its CFO said business was healthy, in contrast to recent concerns on Wall Street about a possible slowdown in chip demand. The Dallas, Texas-based company’s growth in the third quarter was driven by demand for chips used in communications equipment, industrial markets and automotive, CFO Kevin March told Reuters in a phone interview. …

Riddle of inventory levels keeps platinum investors shy

Platinum bars are stacked at the safe deposit boxes room of the ProAurum gold house in MunichBy Clara Denina and Jan Harvey LONDON (Reuters) – Investors are unlikely to rush back into platinum any time soon after a minimal price reaction to its biggest-ever supply shock highlighted a major problem: no-one knows how much metal exists above ground or more importantly who holds it. Analysts predicted a surging market as a record five-month labour stoppage in top producer South Africa wiped out more than one million ounces of output worth $1.28 billion. Yet platinum, used mostly in automotive catalytic converters which clean up exhaust emissions, also failed to react to a 2. …


U.S. chipmaker Qualcomm hopes for knock-out blow with $2.5 billion CSR bid

A logo of U.S. chipmaker Qualcomm is seen on the windshield of a car in BeijingBy Paul Sandle and Eric Auchard LONDON/FRANKFURT (Reuters) – U.S. Qualcomm Inc agreed to buy CSR Plc for $2.5 billion, offering what it hopes is a knock-out blow to win the British Bluetooth specialist which is growing in areas like automotive and wearable devices. Qualcomm, the world's number one mobile chipmaker, has agreed to pay 900 pence a share in cash for CSR, a 56.5 percent premium on the share price before the start of the offer period in August, CSR said on Wednesday. At that time, the British company rebuffed an approach from U.S. …


South Africa launches competition probe of auto parts suppliers

CAPE TOWN (Reuters) – South Africa’s competition authorities are investigating price fixing and collusive tendering in the automotive industry, with top Japanese component suppliers Panasonic and Mitsubishi Electric Corp among those being probed. Information received by the Competition Commission suggested collusion among automotive component manufacturers when bidding for tenders to supply parts, such as electric power steering and spark plugs, to car makers. …

Exclusive: U.S. regulators press banks for more on auto loan exposure to assess risks

A potential customer looks at a 2009 Chevrolet Impala sedan at a car dealership in Dearborn, MichiganBy Peter Rudegeair NEW YORK (Reuters) – U.S. regulators are asking banks for more detail on their autos financing exposure, as rapid growth in the lending has prompted officials to seek to better assess the risks, according to a person familiar with the matter.  Balances remaining on auto loans have risen by about a third since April 2011, reaching an all-time high of $924.2 billion in August, according to credit reporting bureau Equifax. About a fifth of the loans are subprime. …


Marussia to race with one car in Sochi

By Alan Baldwin SOCHI Russia (Reuters) – Marussia will race with only one car in Sunday’s Russian Formula One Grand Prix out of respect for their severely injured French driver Jules Bianchi, the team said on Friday. Bianchi remains in a critical but stable condition in a Japanese hospital after he crashed into a recovery tractor at Suzuka during last Sunday’s rain-soaked Japanese Grand Prix and suffered a traumatic brain injury. “The Team have written to the stewards of the meeting to inform them that they have withdrawn their second car,” Marussia said in a statement. …