VW faces 9.2 billion euros investor suit over dieselgate scandal
Volkswagen faces a trial next week as investors seek 9.2 billion euros ($10.7 billion) in compensation arguing that the carmaker should have informed shareholders about a diesel pollution scandal before regulators did in September 2015.
Hedge fund Elliott calls for fresh revamp at Hyundai Motor Group
U.S. activist hedge fund Elliott Management made fresh proposals to restructure Hyundai Motor Group on Friday, renewing pressure on the South Korean conglomerate months after forcing it to abandon its own plan.
World shares driven toward worst week since March by trade tensions
World shares limped toward their worst week in almost six months on Friday, with Asia carving out a 14-month trough as investors braced for a new salvo of Sino-U.S. tariffs.
HNA plans to sell Deutsche Bank stake: WSJ
Chinese conglomerate HNA plans to sell its 7.6 percent stake in German lender Deutsche Bank over the next 18 months, The Wall Street Journal (WSJ) reported on Friday.
British Airways apologizes after 380,000 customers hit in cyber attack
British Airways was forced to apologize on Friday after the credit card details of hundreds of thousands of its customers were stolen over a two-week period in the worst ever attack on its website and app.
U.S. hedge fund Elliott demands fresh revamp at Hyundai Motor Group
U.S. activist hedge fund Elliott Management made fresh proposals to restructure Hyundai Motor Group on Friday, renewing pressure on the South Korean conglomerate months after forcing it to abandon its own plan.
Ferrari to build a future as good as its past with new CEO: Chairman
Under new CEO Louis Camilleri, Ferrari is determined to be as successful as it was under his predecessor Sergio Marchionne, the chairman of the Italian supercar maker told a shareholder meeting to approve Camilleri’s appointment.
Fiat Chrysler new CEO will announce plans for organization by end month
Fiat Chrysler new CEO Mike Manley will announce his organizational plans for the car maker by the end of September, the group’s chairman said at a shareholder meeting called to vote on the appointment of the new manager after former Chief Executive Se…
BA says notified customers as soon as possible after data breach
British Airways contacted affected customers as soon as it found out data from its website and mobile app had been breached, its boss said on Friday.
Asia shares worn out by trade tension, yen a safe harbor
Asian shares carved out a 14-month trough on Friday as investors feared a new salvo of Sino-U.S. tariffs could come at any moment, while a slump in U.S. chip stocks rippled through the tech-heavy region.
