Billionaire investor Warren Buffett to retire from Kraft Heinz board
(Reuters) – Kraft Heinz Co said on Friday billionaire investor Warren Buffett has decided to retire from the company’s board following the end of his term in April to reduce travel commitments.
Volkswagen settles U.S. diesel owner lawsuit on eve of trial
WASHINGTON (Reuters) – Volkswagen AG’s U.S. unit on Friday resolved a lawsuit brought by a North Carolina man whose diesel emissions case was set to be the first go to trial on Monday.
Exclusive: Nordstrom family group finalizing take-private offer – sources
(Reuters) – Nordstrom Inc’s founding family group is finalizing plans to submit an offer to take the U.S. department store operator private, people familiar with the matter said on Friday.
With rates still low, Fed officials fret over next U.S. recession
NEW YORK (Reuters) – Federal Reserve policymakers fretted on Friday that they could face the next U.S. recession with virtually the same arsenal of policies used in the last downturn and, with interest rates still relatively low, those will not pack th…
Stocks rally as Fed eases rate worry, tech climbs
NEW YORK (Reuters) – U.S. stocks rallied on Friday, lifted by gains in technology stocks and a retreat in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year.
Dropbox files for IPO of up to $500 million
(Reuters) – Data-sharing business Dropbox Inc on Friday filed for an initial public offering of up to $500 million with the U.S. Securities and Exchange Commission.
Geely chairman builds $9 billion stake in Germany’s Daimler
BEIJING/FRANKFURT (Reuters) – The chairman of Chinese carmaker Geely [GEELY.UL] has built up an almost 10 percent stake in Mercedes-Benz owner Daimler , making a $9 billion bet that he can push through an alliance to access the German company’s technol…
Stocks climb as Fed eases rate concern, tech rises
(Reuters) – U.S. stocks advanced on Friday, buoyed by gains in technology stocks and a pullback in Treasury yields as the Federal Reserve eased concerns about the path of interest rate hikes this year.
VW’s profitability may take a hit from electric vehicle shift
BERLIN (Reuters) – Volkswagen said profitability could take a hit this year as the carmaker invests billions of euros in electric vehicles (EVs) and launches a raft of new models.
BMW to recall 11,700 cars after installing wrong engine software
FRANKFURT (Reuters) – German carmaker BMW said on Friday it would recall 11,700 cars to fix their engine management software after it discovered that the wrong programming had been installed on its luxury 5- and 7-Series models.
