Judge approves $27 million driver settlement in Lyft lawsuit
SAN FRANCISCO (Reuters) – A U.S. judge gave final approval on Thursday to a settlement agreement in a class-action lawsuit against Lyft Inc, ending a legal case that challenged the independent contractor status of the ride-hailing service’s drivers.
Japan minister agrees to share Toshiba case information with U.S.: Kyodo
WASHINGTON (Reuters) – Japan’s industry minister said on Thursday he had agreed with the U.S. energy and commerce secretaries to share information on developments involving Toshiba Corp and its troubled U.S. nuclear affiliate, Westinghouse Electric Co,…
Caterpillar seeks ex-U.S. attorney general’s help over govt probe
(Reuters) – Caterpillar Inc has tapped former U.S. Attorney General William Barr to help the company address an ongoing government investigation of its import and export practices.
Wal-Mart supplier recalls U.S. frozen pizzas over possible listeria
CHICAGO (Reuters) – A Wal-Mart Stores Inc supplier has recalled frozen pizzas available in 11 U.S. states due to concerns about possible listeria contamination, according to the retailer and the U.S. Department of Agriculture.
Car industry players diverge on timescale for self-driving cars
BERLIN (Reuters) – Carmakers and suppliers gave widely differing timelines for the introduction of self-driving vehicles on Thursday, showing the uncertainties surrounding the technology as well as a split between cautious established players and bulli…
Snap shares drop 4 percent, fall below $20 for the first time
SAN FRANCISCO (Reuters) – Snap Inc shares tumbled below $20 on Thursday for the first time since the company’s $3.4 billion public listing after the Snapchat owner received another “sell” rating from an analyst.
Nutella maker Ferrero buys U.S. confectioner Fannie May
MILAN (Reuters) – Nutella maker Ferrero has signed a deal to buy U.S. confectioner Fannie May from online retailer 1-800-FLOWERS.COM for $115 million in a move to strengthen the Italian company’s presence in the overseas market, they said in a joint s…
Top U.S. coal miner Peabody eyes bankruptcy exit in April
ST. LOUIS (Reuters) – Peabody Energy Corp, the world’s largest private sector coal producer, said on Thursday it expects to exit its Chapter 11 bankruptcy in early April after a U.S. judge said he would approve its plan to slash over $5 billion of debt…
Exclusive: Venezuela’s cash-strapped PDVSA offers Rosneft oil stake – sources
CARACAS/HOUSTON (Reuters) – Venezuelan state oil company PDVSA has offered Russian counterpart Rosneft a stake in a joint venture in the country’s Orinoco Belt extra-heavy crude area, five industry sources said, in a sign of the Latin American nation’s…
U.S. judge orders Volkswagen executive held until emissions case trial next January
DETROIT/WASHINGTON (Reuters) – A federal judge in Detroit on Thursday ordered that a Volkswagen AG executive charged in the automaker’s diesel emissions scandal be detained until his trial set for next year, agreeing with prosecutors that the German na…
