Fiat Chrysler sues shippers over alleged price fixing
WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV has lodged a complaint with a U.S. regulator seeking “reparations” from a group of shipping companies from Asia, Europe and South America that admitted to fixing prices for shipping vehicles, accordin…
Iphone X demand will be substantial, but not exceptional: survey
(Reuters) – Days before Apple Inc’s much-awaited iPhone X opens for preorders, a survey by brokerage Bernstein showed that demand for the device will be substantial, but not exceptional, with about a quarter of the respondents planning to buy the phone…
Wall St. stalls as industrials lag
NEW YORK (Reuters) – U.S. stocks were little changed, with the S&P 500 retreating slightly from a record on Monday, as a drop in General Electric weighed on industrial shares.
U.S. regulators approve fix for 38,000 VW 3.0-liter diesel SUVs
WASHINGTON (Reuters) – U.S. and California regulators have approved a fix for about 38,000 Volkswagen AG 3.0-liter vehicles with potential excess emissions, a decision that could save the automaker more than $1 billion, according to a letter made publ…
U.S. jury finds ex-HSBC executive guilty of fraud in $3.5 billion currency trade
NEW YORK (Reuters) – A U.S. jury on Monday found a former HSBC Holdings Plc executive guilty of defrauding Cairn Energy Plc in a $3.5 billion currency trade in 2011.
Tensions ease over Pratt engine supplies to Airbus: sources
PARIS (Reuters) – Airbus is more confident in the ability of Pratt & Whitney to speed up delayed engine shipments, two people familiar with the matter said on Monday, in a sign that supply-chain gridlock affecting European aircraft deliveries may soon reach its peak.
Halliburton warns of slower growth as U.S. rig count drops
(Reuters) – Oilfield services giant Halliburton Co on Monday warned of slower growth at its oil well drilling and evaluation business, reflecting a steady drop in rig counts in the United States.
Ex-HSBC executive found guilty of fraud in $3.5 billion currency trade
NEW YORK (Reuters) – A U.S. jury on Monday found a former HSBC Holdings Plc executive guilty of defrauding Cairn Energy Plc in a $3.5 billion currency trade in 2011.
Fiat emissions probe centers on several models: letter
PARIS (Reuters) – A French judicial inquiry into Fiat Chrysler (FCA) over suspected emissions-test cheating centers on whether the carmaker misled buyers of Fiat, Alfa Romeo, Jeep and Lancia cars about emissions levels, according to a letter seen by R…
Fidelity Chairman’s video to employees: no tolerance for harassment
BOSTON (Reuters) – Fidelity Investments Chairman Abigail Johnson on Monday delivered a direct message to more than 40,000 employees at the asset management company: There’s no tolerance for harassment.
