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Financial News Network
June 01, 2011 AT 8:10 PM
This is what's in the news for Wednesday, June 1st. The Wall Street Journal reports that Citigroup (NYSE:C) is close to an agreement with a partner in China to set up a joint-venture securities business that would give the bank a foothold in China's domestic capital markets. Reuters reports that Toyota Motor (NYSE:TM) is recalling 105,784 early model Prius cars in Japan and overseas to fix a fault with the model's steering and gearbox. Bloomberg reports that Microsoft (NASDAQ:MSFT) asked chipmakers that want to use the next version of Windows for tablets to work with no more than one computer manufacturer. Finally, Bloomberg reports that Coco-Cola (NYSE:KO) is in talks with the Chinese government as it considers a listing on Shanghai's stock exchange.