Audi’s detained CEO questioned by prosecutors over emissions scandal: source
MUNICH (Reuters) – Munich prosecutors questioned Audi’s arrested Chief Executive Rupert Stadler about a global diesel-cheating scandal on Wednesday, a person familiar with the matter told Reuters.
Looking for another Nasdaq? Try Europe’s aerospace and defense stocks
MILAN (Reuters) – Fat order books covering several years of sales have made European aerospace and defense firms a winning bet as a slowing economy and political instability have clouded prospects for the region’s equity market.
Amazon, Berkshire, JPMorgan name Atul Gawande CEO of healthcare venture
NEW YORK (Reuters) – Well-regarded surgeon and author Atul Gawande, a critic of his industry’s medical practices, will lead the new company being formed by Amazon.com Inc, Berkshire Hathaway Inc and JPMorgan Chase & Co that aims to cut U.S. employee healthcare costs, the companies said on Wednesday.
OxyContin maker Purdue Pharma cuts remaining sales force
(Reuters) – OxyContin maker Purdue Pharma LP, facing a wave of lawsuits blaming it for helping fuel the U.S. opioid epidemic, said on Wednesday it had laid off about 350 employees this week including the remainder of its already-downsized sales force.
Boeing executive confident new mid-market jet can enter service in 2025
PARIS (Reuters) – The head of Boeing jetliner sales said on Wednesday he was confident a new mid-market jet could enter service in 2025.
Trump to meet lawmakers about ‘problematic’ ZTE measure: White House
WASHINGTON (Reuters) – U.S. President Donald Trump and a group of lawmakers from the Senate and House of Representatives will meet at the White House on Wednesday to discuss their disagreement over how to penalize Chinese telecommunications company ZTE…
Wall Street advances as media stocks gain; Nasdaq hits record
(Reuters) – Technology and media stocks pushed Wall Street higher on Wednesday and helped the Nasdaq hit a record high, as markets eyed a recovery after being battered by a rapidly escalating China-U.S. trade tensions.
Walt Disney raises bid for Fox assets to $71.3 billion, adds cash
(Reuters) – Walt Disney Co raised its bid for Twenty-First Century Fox Inc assets to $71.3 billion on Wednesday, sweetening its offer with cash as it looks to scuttle Comcast Corp’s $65 billion offer last week.
EU to impose duties on U.S. imports Friday after Trump tariffs
BRUSSELS (Reuters) – The European Union will begin charging import duties of 25 percent on a range of U.S. products on Friday, in response to U.S tariffs imposed on EU steel and aluminum early this month, the European Commission said on Wednesday.
Radical change is coming, says heir apparent to Sorrell’s WPP ad empire
CANNES, France (Reuters) – WPP , the world’s largest advertising group, needs radical change to stay ahead of the digital revolution ripping through the industry and its clients, according to the man tasked with running the group after Martin Sorrell.
