Exclusive: BT files criminal complaint over Italy accounting scandal
MILAN (Reuters) – British Telecom has filed a criminal complaint with Italian prosecutors over an accounting scandal at its Italian unit and has handed them computer records and also dispatched its head of compliance to Milan to give evidence.
U.S. judge sentences Volkswagen to three years probation, oversight
DETROIT (Reuters) – A federal judge in Detroit on Friday sentenced Volkswagen AG to three years’ probation and independent oversight for the German automaker’s diesel emissions scandal as part of a $4.3 billion settlement announced in January.
U.S. retailers bet on Congress over Bolivia to thwart Trump border tax issue
CHICAGO (Reuters) – Target Corp , Wal-Mart Stores Inc and other retailers are shelving considerations to move supply bases closer to the United States in the face of a possible border tax, banking instead on killing support for the tax idea in Congres…
Investors not yet ruffled by looming government shutdown
NEW YORK (Reuters) – U.S. stocks have struggled since the timeline for the Trump administration’s pro-growth agenda came into question, but investors appear confident that next week’s deadline that could shut down the federal government will not become…
Wells Fargo expands settlement to include more customer accounts
(Reuters) – Wells Fargo & Co said it would expand its class action settlement related to the lender’s retail sales practices to include customer accounts as early as May 2002.
Wall Street dips before French election, but up for week
NEW YORK (Reuters) – U.S. stocks dipped on Friday as investors were cautious ahead of the first round of the closely contested French presidential election, but the S&P 500 managed to notch its first weekly gain in three.
Honeywell profit beats; shares hit record high
(Reuters) – Honeywell International Inc said on Friday its commercial aviation after-sales business was benefiting from robust air travel, while its energy division was getting a lift from stable oil prices, sending shares to a record high.
Struggling apparel retailer Bebe to shut all stores
(Reuters) – Struggling apparel retailer Bebe Stores Inc said on Friday it would close all its stores by the end of May, barely a month after announcing it was exploring strategic alternatives following four years of losses.
GE shares fall on cash, business worries though profit beats
NEW YORK (Reuters) – General Electric Co reported quarterly sales and adjusted earnings results that beat analysts estimates on Friday, but its shares fell on concerns about some of its industrial businesses and its cash outflow.
Brexit makes campsites cool again as Britons tighten belts
NEWTON FERRERS, England/LONDON (Reuters) – Before last year’s Brexit vote, Scott McCready was struggling to fill his holiday cabins on the coast of southwest England. Now the site is fully booked with British tourists avoiding more expensive foreign tr…
