Daimler board to discuss alleged German auto cartel: sources
FRANKFURT/HAMBURG (Reuters) – Daimler’s supervisory board will meet on Wednesday to discuss allegations that German carmakers were involved in anti-competitive behavior, sources familiar with the matter said.
VW executive charged in U.S. emissions probe to plead guilty: court
(Reuters) – A Volkswagen AG executive charged in the automaker’s diesel emissions scandal plans to plead guilty on Aug. 4 in U.S. District Court in Detroit, a court spokesman said on Tuesday.
Volatility plunge sends VIX index to 23-year low
NEW YORK (Reuters) – Strong earnings boosted U.S. stocks on Tuesday, driving the S&P 500 to a record high while also sending a popular options-based gauge of expected price volatility down to a more than 23-year low.
House panel wants Google, Facebook, AT&T CEOs to testify on internet rules
WASHINGTON (Reuters) – The chairman of the U.S. House Energy and Commerce Committee on Tuesday asked chief executives from companies representing the two sides of the net neutrality debate, including Alphabet, Facebook, AT&T and Verizon, to testify at a Sept. 7 hearing.
Elliott says Akzo Nobel ‘flouting’ basic shareholder rights
LONDON (Reuters) – Hedge fund Elliott Advisors on Tuesday criticized Akzo Nobel for dismissing its request yesterday for shareholders to add items to the agenda of a Sept. 8 extraordinary general meeting.
Toshiba board to meet Wednesday, weigh offers for chip unit: source
TOKYO (Reuters) – Toshiba Corp’s board will meet on Wednesday to consider offers for its chip unit from Western Digital and Taiwan’s Foxconn in addition to a bid from a consortium that was previously favorite, a source familiar with the matter said. …
Earnings, bank shares propel S&P 500 to record high
(Reuters) – The S&P 500 climbed to an all-time high on Tuesday on a heavy day of corporate results highlighted by well-received reports from McDonald’s and Caterpillar and gains for bank shares.
Investors unhappy as Alphabet shells out more to drive traffic
(Reuters) – There are very few things that make Alphabet Inc’s investors unhappy. A rising TAC – the cost of driving traffic to its site – is one of them.
Norwegian Air under pressure to boost finances
OSLO/LONDON (Reuters) – Norwegian Air , the fast-growing budget airline trying to crack the transatlantic market by undercutting established rivals, faces mounting pressure to control costs and shore up its balance sheet to weather fierce competition.
U.S. home prices for May rise slower than expected
NEW YORK (Reuters) – U.S. single-family home prices accelerated at a slower pace in April, falling short of forecasts, a survey showed on Tuesday.
