VW’s Audi and Porsche to join forces on vehicle development
FRANKFURT (Reuters) – Volkswagen Group’s Audi and Porsche brands will join forces on vehicle development, the two upmarket brands said on Wednesday, to help the world’s largest carmaker save money in the wake of its costly emissions test cheating scan…
Swiss making progress in 1MDB case despite Malaysia’s silence: top prosecutor
BERN (Reuters) – Swiss Attorney General Michael Lauber said on Wednesday that his money laundering investigation into Malaysian fund 1MDB was making progress despite Malaysian authorities’ refusal to cooperate.
Wall Street falls as Fed minutes reverse earlier rally
(Reuters) – Wall Street ended lower on Wednesday after a late-afternoon reversal following signals from the Federal Reserve that it could change its bond investment policy this year, quenching a rally sparked by a strong private-sector jobs report.
U.S. companies hire most workers in over two years: ADP
(Reuters) – U.S. companies added 263,000 workers in March, the most since December 2014, suggesting further tightening of the labor market, payrolls processor ADP said on Wednesday.
Monsanto second-quarter profit jumps on strong demand for seeds
CHICAGO (Reuters) – U.S. seeds and agrochemicals company Monsanto Co , which is in the process of being bought by Germany’s Bayer AG for $66 billion, reported a better-than-expected quarterly profit on Wednesday, helped by strong demand for its soybea…
Wells Fargo’s aggressive sales tactics hit small firms: WSJ
(Reuters) – Wells Fargo & Co has restructured its credit card processing business after an internal probe found some employees had falsely reported customer sales numbers, the Wall Street Journal reported on Wednesday.
EU clears ChemChina’s $43 billion takeover of Syngenta with conditions
BRUSSELS (Reuters) – ChemChina [CNNCC.UL] won conditional EU antitrust approval on Wednesday for its $43 billion bid for Swiss pesticides and seeds group Syngenta , a deal that could help China boost its domestic agricultural output.
Toshiba fired Westinghouse chairman two days before bankruptcy filing
TOKYO (Reuters) – Toshiba Corp sacked Westinghouse Electric Co’s chairman two days before the U.S. nuclear engineering subsidiary filed for bankruptcy protection last week, as the Japanese firm tries to draw a line under the travails of a business tha…
ExxonMobil says in talks to buy Singapore’s Jurong Aromatics
SINGAPORE (Reuters) – ExxonMobil said on Wednesday it is in talks to buy a refining-petrochemical complex in Singapore that could boost its fuel and chemical production in Asia.
Chevron pivots to Permian shale as mega-project era fades
HOUSTON (Reuters) – Nearly a century after Chevron Corp amassed the No. 2 stake in America’s largest oilfield, Chief Executive John Watson is hitting the accelerator on developing the company’s vast Permian Basin holdings.
