Fiat Chrysler agrees to U.S. diesel-emissions settlement worth nearly $800 million
Fiat Chrysler Automobiles NV has agreed to pay close to $800 million to settle claims from the U.S. Justice Department and California relating to allegations it used illegal software that produced false results on diesel-emissions tests, according to c…
Wall Street drops after four-day rally as retailers, trade talks disappoint
U.S. stocks looked set to snap a four-day rally on Thursday as disappointing holiday-season results from Macy’s hammered retail stocks and no clear signs of a resolution emerged from U.S.-Chinese trade talks.
HSBC to pay $30 million to settle bond rigging lawsuit in U.S.
HSBC Holdings Plc has agreed to pay $30 million to settle litigation by investors who accused 11 big banks of rigging the roughly $9 trillion government agency bond market from 2009 to 2015.
American Airlines shares fall on dour fourth-quarter outlook, weighs on sector
American Airlines Group Inc shares fell as much as 11 percent on Thursday after the biggest U.S. carrier cut its estimate for a closely watched measure of performance, raising concerns that slowing global growth may be weakening travel demand.
Exclusive: Glencore loses exclusive rights to major Libyan oil grades
Trading and mining giant Glencore has lost its exclusive marketing rights for two of Libya’s main crude oil export grades after holding them since late 2015, trading sources with direct knowledge said.
Wall St. opens lower as trade talks, retailers disappoint
U.S. stocks opened lower on Thursday after a four-day rally, on disappointment over lack of details from the U.S.-China trade talks and holiday-season reports from retailers.
Macy’s shares sink after it trims holiday sales forecast, drags down peers
Macy’s Inc cut its comparable sales forecast for the holiday quarter on Thursday while year-end sales growth at rival Kohl’s Corp disappointed investors, signaling retailers’ continued struggle to keep up with a shift toward online shopping.
Glencore loses exclusive rights to major Libyan oil grades
Trading and mining giant Glencore has lost its exclusive marketing rights for two of Libya’s main crude oil export grades after holding them since late 2015, trading sources with direct knowledge said.
Jaguar Land Rover to slash UK jobs after China, diesel drop
Jaguar Land Rover (JLR) will cut 10 percent of its workforce, mostly in its home market, as Britain’s biggest carmaker faces lower Chinese demand and a slump in European diesel sales.
Nissan board reaffirms commitment to alliance with Renault and Mitsubishi
Nissan’s board remains committed to the carmaker’s alliance with Renault and Mitsubishi Motors , it said after directors met to discuss the ongoing investigation into former chairman Carlos Ghosn and ways to bolster governance.
