U.S. to probe thousands of fires connected to Kia, Hyundai vehicles
The top U.S. auto safety regulator said on Monday it will open an investigation into 3 million Hyundai Motor Co and Kia Motors Corp vehicles after reviewing reports of more than 3,000 fires that injured over 100 people.
Exclusive: Renault alerts prosecutors to Oman dealer payments in Ghosn era
Renault has alerted French prosecutors to payments made to a Renault-Nissan business partner in Oman under former Chief Executive Carlos Ghosn, two sources told Reuters.
Mixed data offer glimmers of hope for slowing U.S. economy
U.S. retail sales unexpectedly fell in February, but a rebound in factory activity in March and strong increase in construction spending offered hope the economy was not slowing as sharply as previously feared.
Oil rises to 2019 highs as demand outlook improves
Oil climbed about 2 percent to new 2019 highs on Monday, with Brent crude touching $69 a barrel, after positive signs for the global economy and tighter supplies drove both benchmarks’ largest first-quarter gains in nearly a decade.
Swiss drugmaker Novartis must face doctor kickback suit, U.S. judge rules
Novartis AG must face a U.S. government lawsuit accusing it of paying millions of dollars in kickbacks to doctors so they would prescribe its drugs, after a federal judge ruled in a decision released on Monday that the government had offered evidence o…
Upbeat data pushes Wall Street higher
U.S. stocks rallied on Monday, starting off the new quarter on a strong note, as upbeat manufacturing numbers from the United States and China eased worries about slowing global growth.
China’s Kunlun in talks with U.S. over Grindr: filing
Chinese gaming company Beijing Kunlun Tech Co Ltd said on Monday that it was in talks with U.S. government authorities about whether it should continue to own popular gay dating app Grindr LLC.
U.S. Labor Department moves to ease companies’ liability for franchisee wage violations
The U.S. Department of Labor on Monday issued a proposal that would make it more difficult to prove companies are liable for the wage law violations of their contractors or franchisees, a top priority for business groups.
Kellogg agrees $1.3 billion cookie sale with Nutella-maker Ferrero
U.S. food group Kellogg Co has agreed to sell its Keebler biscuits brand and other assets to Nutella maker Ferrero for $1.3 billion as it focuses on its core cereals and snacks businesses.
Sweden will not pursue Browder’s Swedbank complaint
Sweden’s Economic Crime Authority said it will not investigate Swedbank over a criminal complaint alleging money laundering brought by campaigning investor Bill Browder.
