Platinum founder’s lawyers appeal order barring contact with witnesses
NEW YORK (Reuters) – Lawyers defending Platinum Partners founder Mark Nordlicht in a $1 billion fraud case have asked a U.S. appeals court to allow them to communicate with potential government witnesses, calling a judge’s order blocking them from doin…
Philippines says will lift Uber suspension if hefty fine paid
MANILA (Reuters) – The Philippine transport regulator said on Friday it would lift a one-month suspension on Uber Technologies Inc [UBER.UL] if it paid a penalty of 190 million pesos ($3.7 million), a fine nearly 20 times greater than Uber had offered …
GM says small number of Chevy Bolts face battery issue
(Reuters) – General Motors Co said on Friday it had informed a small number of owners of its Chevrolet Bolt electric cars about a battery problem that could cause a loss of propulsion.
Senator questions quick approval of Amazon’s Whole Foods purchase
WASHINGTON (Reuters) – A U.S. Democratic senator on Friday questioned the Federal Trade Commission’s quick approval of Amazon.com Inc’s purchase of Whole Foods Market Inc this week, less than three months after the $13.7 billion deal was announced.
Yellen: Financial rules have made economy stronger, changes should be ‘modest’
JACKSON HOLE, Wyo. (Reuters) – Reforms put in place after the 2007 to 2009 crisis have strengthened the financial system without impeding economic growth and any changes to these rules should remain modest, Federal Reserve Chair Janet Yellen said Frida…
U.S., Mexico, Canada ink non-disclosure agreements for NAFTA talks
MEXICO CITY (Reuters) – The United States, Mexico and Canada signed non-disclosure agreements before the first round of negotiations to revamp the North American Free Trade Agreement (NAFTA), Mexico’s Economy Ministry said on Friday.
Wall Street rises modestly following Yellen speech
NEW YORK (Reuters) – U.S. stocks rose slightly on Friday, lifted by high-dividend-paying stocks, after Federal Reserve Chair Janet Yellen stayed silent on monetary policy in a much-anticipated speech.
Air Berlin frequent flyer programme files for insolvency
BERLIN (Reuters) – Air Berlin’s frequent flyer programme filed for insolvency on Friday, bad news for members with points on their accounts, which they can no longer use.
VW manager told CEO about U.S. ‘cheating’ in July 2015: media
FRANKFURT/HAMBURG (Reuters) – A former senior quality manager at Volkswagen has told investigators he informed then-CEO Martin Winterkorn on July 27, 2015, that the carmaker had “cheated” during emissions tests in the United States, German media repor…
Exclusive: Russia sanctions disrupt Italian bank’s 5 billion euro loan deal
LONDON/MILAN (Reuters) – Italian bank Intesa Sanpaolo has encountered problems syndicating a loan to Glencore and Qatar’s wealth fund to finance their purchase of a stake in the Kremlin-controlled oil major Rosneft because of new U.S. sanctions against…
