Four Audi managers indicted in U.S. VW diesel emissions probe: court documents
A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG’s luxury Audi unit as part of the U.S. government’s investigation into the German automaker’s diesel emissions cheating scandal, according to court documents.
Audi Hungary workers to hold warning strike on Friday
Workers at German carmaker Audi’s plant in the Hungarian city of Gyor were to go on a two-hour warning strike on Friday as they try to force the company to narrow the wage gap between their salaries and those of Western and regional peers.
American Express misses estimates on higher provisions, expenses
American Express Co missed Wall Street’s fourth-quarter profit estimates on Thursday, hurt by higher expenses and provisions for credit losses.
Slack’s product chief to step down
Slack Technologies Inc’s chief product officer, April Underwood, is leaving the messaging startup, at a time when the company is exploring a public listing later this year.
Wall Street advances as industrials jump on trade hopes
U.S. stocks advanced on Thursday as hopes of a resolution to the trade dispute between the United States and China boosted industrial shares and lifted investor sentiment.
Wall Street, industrials rise on trade hopes
U.S. stocks advanced on Thursday as hopes of an expedient resolution to the trade war between the United States and China boosted industrial shares and lifted investor sentiment.
Trian to skip PPG board challenge after new commitments: sources
Trian Fund Management LP will not challenge PPG Industries Inc’s board of directors at its 2019 shareholder meeting after the U.S. paints and coatings company met some of the activist hedge fund’s demands and announced new financial targets, people fa…
Bogle’s legacy: Booming index funds with perhaps too much reach
John “Jack” Bogle, the founder of index investment pioneer Vanguard Group Inc, changed Wall Street by convincing millions to turn away from mutual funds that actively pick stocks, but his legacy will also be shaped by the unintended consequences of ind…
Fitch says PG&E’s bankruptcy will not hurt California’s credit rating
Fitch Ratings said on Thursday power company PG&E Corp’s planned bankruptcy will not at this point hurt the credit quality of California.
Nissan to lay off 700 contract workers in Mississippi
Nissan Motor Co Ltd’s U.S. arm said on Thursday it plans to lay off up to 700 contract workers at its Mississippi assembly plant, citing slowing sales of its vans and Titan pickup trucks.
