German court rules independent auditor should investigate VW scandal
BERLIN (Reuters) – Investors seeking billions of dollars in damages from Volkswagen were given a boost on Wednesday when a German court ruled an independent auditor should be appointed to investigate the carmaker’s emissions scandal.
S&P, Dow flat as banks stocks weigh; Nasdaq edges higher
(Reuters) – The S&P and the Dow were flat in early afternoon trading on Wednesday as doubts over a Republican tax plan and the broader outlook for U.S. growth hurt bank shares, while the Nasdaq was slightly higher.
PayPal starts payment services in India
(Reuters) – Payment processor PayPal Holdings Inc on Wednesday launched domestic operations in India, a market already dominated by China’s Alibaba-backed PayTM, the country’s leading digital payments firm.
Capital One exits mortgage loans business, cuts 1,100 jobs
(Reuters) – Capital One Financial will stop issuing mortgage and home equity loans and cut some 1,100 jobs amid rising interest rates that have pushed away borrowers and slowed loan growth at many U.S. regional banks.
U.S. pushes for possible asset sales in AT&T/Time Warner deal
NEW YORK/WASHINGTON (Reuters) – The U.S. Department of Justice is pushing AT&T Inc to sell assets or come up with other ways of satisfying antitrust concerns over its purchase of Time Warner Inc , a new and potentially costly obstacle to the U.S. No. 2 wireless carrier’s effort to buy the large entertainment company.
YNAP 2017 revenue growth in lower range of guidance: CEO to Reuters
MILAN (Reuters) – Revenue at Yoox Net-a-Porter (YNAP) this year will grow in the lower part of the expected 17-20 percent range due to logistics delays at one of its website, the online luxury retailer’s chief executive said on Wednesday.
Wall Street loses steam as banks, energy stocks weigh
(Reuters) – U.S. stocks stalled in late morning trading on Wednesday as weak oil prices weighed on energy stocks and doubts over a Republican tax plan and the broader outlook for U.S. growth hurt banks.
Volkswagen has still not fixed one in three dieselgate cars in Britain
LONDON (Reuters) – Volkswagen has yet to fix one in three of the 1.2 million cars affected by the diesel emissions scandal in Britain, over two years since the revelations first came to light, according to a parliamentary committee.
Former Yahoo CEO apologizes for data breach, blames Russians
WASHINGTON (Reuters) – Former Yahoo Chief Executive Marissa Mayer apologized on Wednesday for a pair of massive data breaches at the internet company, blaming Russian agents, at a hearing on the growing number of cyber attacks involving major U.S. comp…
AT&T says timing of Time Warner deal completion now uncertain
(Reuters) – The U.S. Department of Justice is pushing AT&T Inc for “structural remedies” in order to satisfy antitrust concerns over its purchase of Time Warner Inc , a source told Reuters on Wednesday.
