VW CEO says stunned by ‘repulsive’ diesel fume tests
FRANKFURT/BERLIN (Reuters) – Volkswagen’s CEO said he was “stunned” by reports the carmaker had sponsored tests that exposed monkeys and humans to toxic diesel fumes and, two years after an emissions cheating scandal, pledged once again to get to the b…
SAP forces the pace on cloud, buys $2.4 billion U.S. software firm
WALLDORF, Germany (Reuters) – Europe’s top technology company SAP announced a $2.4 billion U.S. acquisition to help it boost revenues from its cloud platform and CEO Bill McDermott said it would streamline its overall business this year to bolster mar…
World stocks sucked under by bond market breakout
LONDON (Reuters) – World stocks were in their biggest two-day dive in six months on Tuesday and commodities were also jammed in reverse, as rising U.S. borrowing costs cooled financial markets’ euphoric start to the year.
Uber sells vehicle lease portfolio of unit to startup firm Fair
(Reuters) – Ride-hailing firm Uber on Tuesday said it would sell vehicles and the existing lease portfolio of its auto-leasing business Xchange Leasing to startup digital car marketplace Fair.
Volkswagen CEO says diesel fume tests on monkeys were ‘repulsive’
FRANKFURT (Reuters) – The chief executive of Volkswagen said tests in which monkeys were exposed to toxic diesel fumes were “unethical and repulsive”, apologizing for the misconduct of those who were responsible for the study.
SAP talks up cloud business, buys $2.4 billion U.S. sales software firm
WALLDORF, Germany (Reuters) – SAP posted 2017 results on the lower side of market expectations after Chief Executive Bill McDermott had promised a “dynamite” final quarter in its cloud business, as Europe’s top technology company announced a $2.4 billi…
U.S. washer tariffs put Samsung, LG supply chains through the wringer
SEOUL (Reuters) – When South Korea’s Samsung Electronics and LG Electronics last year announced plans to build home appliance factories in the United States, they hoped to sidestep any fallout from President Donald Trump’s “America First” manufacturing…
Renault-Nissan group pips VW to become top-selling carmaker in 2017
TOKYO (Reuters) – The Renault-Nissan automaking alliance emerged as the world’s biggest seller of light vehicles in 2017, bumping Volkswagen AG off the top spot, after the inclusion of Mitsubishi Motors’ numbers boosted its final tally.
Coal firms plead to courts, Trump for West Coast export terminals
WASHINGTON (Reuters) – The ailing U.S. coal industry is ramping up its political and legal offensive to win approval for West Coast export terminals that could provide a lifeline to lucrative Asia markets.
SAP America to buy Callidus for $2.4 billion
(Reuters) – German business software group SAP SE on Monday said its unit SAP America Inc will buy cloud-based human resources software company Callidus Software Inc for a total enterprise value of $2.4 billion.
