S&P 500 edges lower ahead of Fed decision
The S&P 500 inched lower on Thursday, as disappointing results from a slew of companies, including Qualcomm Inc, countered gains in bank stocks ahead of the Federal Reserve’s interest rate decision.
Volkswagen plans to sell electric Tesla rival for less than $23,000: source
Volkswagen intends to sell electric cars for less than 20,000 euros ($22,836) and protect German jobs by converting three factories to make the Tesla rival, a source familiar with the plans said.
Wells Fargo plans to combine private bank, ultra-high-net-worth units: Bloomberg
Wells Fargo & Co plans to combine its ultra-high-net-worth business and its private bank under one leader, Bloomberg reported on Thursday, citing an internal memo https://bloom.bg/2Pmb9h5.
Google hears protesters, changes sexual harassment policies
Alphabet Inc’s Google said on Thursday it would change the way it handles sexual harassment claims, a week after 20,000 of its workers around the world walked off their jobs to protest its response to such issues.
Equities dip ahead of Fed statement, U.S. dollar
World equity markets edged lower on Thursday, with U.S. stocks opening on the defensive while the U.S. dollar strengthened ahead of a monetary policy announcement by the Federal Reserve.
French prosecutors call for 3.7 billion euro fine against UBS
French prosecutors argued in a Paris court on Thursday for Swiss bank UBS AG to be fined 3.7 billion euros for helping wealthy French people evade taxes.
U.S. Senate hearing over Hyundai, Kia engine fires on hold
The U.S. Senate Commerce Committee said on Thursday that a hearing planned for Nov. 14 on reports of engine fires involving Hyundai Motor Co and Kia Motors Corp vehicles was on hold, but could be rescheduled for a future date.
VW plans Tesla rival electric car for less than 20,000 euros: source
Volkswagen will offer a Tesla-rivalling electric car costing below 20,000 euros ($22,836) and convert three of its factories into electric car plants as part of a far-reaching overhaul, a source familiar with the deliberations told Reuters.
Volkswagen, Daimler agree to pay for diesel fixes
German carmakers agreed to spend up to 3,000 euros ($3,430) per vehicle to help reduce diesel emissions as the government and industry respond to driving bans in major cities.
Factbox: German cities ban older diesel cars
German cities are starting to introduce bans on older diesel vehicles that emit higher amounts of pollutants than later models after the country’s highest administrative court in February confirmed such bans are permissible.
