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Big auto deals coming?  

Deal chatter heats up, as autos look to shift into high gear, with CNBC's Melissa Lee and the Options Action traders.
Source: CNBC.com
General Motors, Subaru models added to Takata air bag recall

DETROIT- General Motors and Subaru are adding vehicles to the growing list of models being recalled by 11 automakers due to potentially exploding air bags. The U.S. government's National Highway Traffic Safety Administration released the model information on Friday. The vehicles are equipped with air bag inflators made by Takata Corp. of Japan that can...
Source: The Associated Press
Shanghai Comp nurse slight losses; Tokyo rewrite 15-year high

Shanghai shares hogged the spotlight on Friday, as the key Shanghai Composite index extended losses to finish at a one-week low, while Japan was the "quiet achiever" for the day.
Source: CNBC.com | By: See Kit Tang
Japan data show spending, factory output muted as yen falls

TOKYO- Japanese data on Friday showed a mixed outlook for the world's third-largest economy while a renewed decline in the value of the yen is adding to uncertainty over whether the recovery is gaining ground. By some measures, Japan's economy is on the upswing as share prices surge thanks to exporters profiting from the weak yen. Japan's jobless rate dropped to...
Source: The Associated Press | By: By ELAINE KURTENBACH, AP Business Writer
Automakers, gov't reveal models in expanded Takata recall

DETROIT- Car owners are beginning to find out if their cars or trucks are included in a big expansion of a recall of air bags made by Takata Corp.. Automakers, as well as Canadian and U.S. safety regulators, are posting documents that spell out the vehicles being recalled to replace air bag inflators that can explode with too much force, spewing shrapnel into the...
Source: The Associated Press
China stocks plunge 6.5%, worst selloff in 4 months

Mainland markets were the biggest losers in the region on Thursday, as fears over tighter requirements on margin financing ignited risk-off sentiment.
Source: CNBC.com | By: See Kit Tang
Weak yen helps Nikkei rise a 10th day, its longest win streak in 27 years

*Nikkei's winning streak is longest since Feb 1988 Nikkei has risen 5.0 pct over 10 days. TOKYO, May 28- Japan's Nikkei share average rose on Thursday, extending its gains to a 10th day as investors hoped exporters' earnings will rise after the dollar hit its highest against the yen since December 2002. The dollar's surge against the yen gathered pace during Asian...
Source: Reuters
Nikkei rises for 10th day as weak yen lifts exporters

TOKYO, May 28- Japan's Nikkei share average rose on Thursday morning, extending its gains to a 10th day as investors hoped exporters' earnings will rise after the dollar hit eight-year highs against the yen. "I thought the market would see a correction given the straight days of gains, but contrary to my initial view, it's being lifted by the weak yen," said Masashi Oda,...
Source: Reuters | By: Ayai Tomisawa
With "attitude shift", Takata moves from denial to compromise in air bag crisis

BEIJING, May 28- Japan's Takata Corp, which for months resisted U.S. regulators' demands to widen a recall over its potentially lethal air bags, has had an "attitude shift" and is in a mood to compromise to try to resolve the ballooning auto safety crisis, said a person close to the company. "'There's no use or gain in fighting the regulators' is how one Takata management...
Source: Reuters | By: Norihiko Shirouzu
Good news for America's workers: You matter again

As competition for business heats up among the states, governors are promoting the talent of the local workforce as the lure to attract investment.
Source: CNBC.com | By: Scott Cohn