U.S. preparing to sue Fiat Chrysler over excess diesel emissions
NEW YORK (Reuters) – The U.S. Justice Department plans to file a civil lawsuit against Fiat Chrysler Automobiles NV over excess diesel emissions as early as this week if no agreement is reached with the Italian-American automaker, two sources briefed …
‘Trump Trade’ turns to trepidation as investors unwind
NEW YORK (Reuters) – Investors were shelving rosy hopes for U.S. tax reform and rethinking strategies premised on Donald Trump’s economic growth promises on Wednesday, as the President faced his loudest criticism yet over possible collusion between his…
Alaska Air to begin service at second Seattle-area airport in 2018
SEATTLE (Reuters) – Alaska Air Group said on Wednesday it plans to begin scheduled flights from a second Seattle-area airport next year, giving it exclusive access to a growing part of the Pacific Northwest’s Puget Sound region.
Philips CEO: uptake of connected care products progressing slowly
AMSTERDAM (Reuters) – The adoption of connected technologies in healthcare remains limited and is progressing slowly, despite the promise they hold for cutting medical costs by preventing illness, the chief executive of Philips said on Wednesday.
Cisco revenue forecast disappoints; says to cut 1,100 more jobs
(Reuters) – Cisco Systems Inc forecast current-quarter revenue that widely missed analysts’ estimates and said it would cut 1,100 more jobs, as the world’s largest networking gear maker steps up efforts to transform into a software-focused company.
Halliburton CEO to retire next month, be replaced by Jeff Miller
HOUSTON (Reuters) – Halliburton Co said on Wednesday that Chief Executive Officer Dave Lesar will retire on June 1 and be replaced by Jeff Miller, Lesar’s longtime deputy and fellow board member.
Facebook faces EU fine over misleading WhatsApp data: source
BRUSSELS (Reuters) – U.S. social network Facebook is set to be penalized by EU antitrust regulators for allegedly providing misleading data related to its WhatsApp acquisition three years ago, a person familiar with the matter said on Wednesday.
Google shifts mobile focus to apps and digital assistant
(Reuters) – Mobile phone apps took center stage at Google’s annual developer conference on Wednesday as the search giant announced new features for its digital assistant and its popular photo app while devoting little time to the Android mobile operating system.
Audi CEO’s contract to be extended to end of 2022
BERLIN (Reuters) – Audi boss Rupert Stadler will be given another five years as chief executive, the luxury division of German carmaker Volkswagen said on Wednesday.
Wall Street regulator detects fewer signals of illegal ‘layering’
WASHINGTON (Reuters) – A surveillance program by Wall Street’s self-funded regulator has seen a huge decline in alerts that may indicate potential market manipulation, after it launched a new initiative last year to help brokerages spot problematic cli…
