U.S. lawyers suing Volkswagen get $300 million in fees, costs
WASHINGTON (Reuters) – A federal judge on Friday approved $125 million in fees and costs for lawyers who sued Volkswagen AG on behalf of U.S. owners of 88,000 3.0 liter diesel vehicles over excess emissions.
U.S. IPO market may struggle to finish 2017 on a high
(Reuters) – Underwhelming performances of Snap and Blue Apron since their high-profile market debuts, especially at a time when the U.S. stock market is hitting record highs, is an indication that the IPO market will not be as robust as expected this y…
India to quiz Philip Morris on marketing of Marlboro
NEW DELHI (Reuters) – India plans to seek an explanation from Philip Morris International Inc about its marketing practices after Reuters reported that the tobacco giant used tactics that government officials say flout the country’s law, a health minis…
Wells Fargo ordered to pay $575,000, reinstate whistleblower
(Reuters) – The U.S. Department of Labor on Friday ordered Wells Fargo & Co to pay $575,000 and to rehire a whistleblower the bank had dismissed in September 2011 after the former employee raised concerns over the opening of customer accounts without their knowledge, the agency said in a statement.
Hedge fund stung by unusual ruling over Sprint-Clearwire deal
WILMINGTON, Del (Reuters) – A Delaware judge ruled Friday that wireless carrier Clearwire Corp was sold in 2013 for more than twice its fair value, a decision that dealt a stinging loss to the Aurelius Capital Management hedge fund which spent years ba…
Global pizza brands battle for Russia’s far-flung regions
MOSCOW (Reuters) – Global pizza brands Domino’s and Papa John’s are preparing an assault on Russia’s provinces, betting they can turn a profit far from Moscow as online card payments become more widespread and consumers get to know foreign brands bette…
Ford to petition to avoid U.S. recall of 2.5 million vehicles
WASHINGTON (Reuters) – Ford Motor Co will petition to avoid a U.S. recall of about 2.5 million vehicles with Takata air-bag inflators that the Japanese auto supplier declared defective last week, U.S. regulators and the automaker said on Friday.
Freeport Indonesia mine workers extend strike for fourth month
JAKARTA/TORONTO (Reuters) – An estimated 5,000 workers at the giant Grasberg copper mine operated by Freeport-McMoRan Inc’s Indonesian unit will extend their strike for a fourth month, a union official said on Friday, in an ongoing dispute over layoff…
Bank of America picks Dublin as EU base after Brexit
LONDON/DUBLIN (Reuters) – Bank of America on Friday became the first Wall Street lender to pick Dublin as its new base for its European Union operations as Britain prepares to leave the bloc.
Japan’s Universal loses Supreme Court appeal in Reuters case
TOKYO (Reuters) – Japan’s Supreme Court rejected an appeal by Japan’s Universal Entertainment Corp to hear its defamation case against Reuters, upholding two lower court rulings that its case against the news agency lacked merit.
