U.S. car, truck sales downshift in January; Toyota falls 11 percent
DETROIT (Reuters) – The pace of U.S. car and light truck sales downshifted modestly in January as automakers pulled back on bulk sales to rental, government and business fleets and concentrated on more profitable retail sales to individual consumers.
New York sues Charter, alleges Time Warner fraud on internet speeds
NEW YORK (Reuters) – New York filed a lawsuit on Wednesday accusing Charter Communications Inc of short-changing customers who were promised faster internet speeds than it could deliver.
Anthem considering role in Obamacare insurance in 2018
(Reuters) – Health insurer Anthem Inc on Wednesday said it expected to break even or make a small profit in the Obamacare individual market in 2017 even as it considers pulling out of that business next year.
U.S. appeals court revives JPMorgan silver futures rigging lawsuits
NEW YORK (Reuters) – A U.S. appeals court on Wednesday revived three private antitrust lawsuits accusing JPMorgan Chase & Co of rigging a market for silver futures contracts traded on COMEX.
VW, Robert Bosch agree to pay $1.55 billion to settle U.S. diesel claims
WASHINGTON (Reuters) – Volkswagen AG has agreed to pay at least $1.22 billion to fix or buy back nearly 80,000 polluting U.S. 3.0 liter diesel-engine vehicles to settle claims it fitted illegal emissions-cheating software to the cars, court documents …
Strong iPhone 7 sales ‘a bridge’ to Apple’s next upgrade
(Reuters) – “Things don’t have to change the world to be important,” Apple Inc co-founder Steve Jobs said in an interview in 1996.
Tesla drops ‘Motors’ from name as CEO Musk looks beyond cars
(Reuters) – Tesla Motors Inc changed its name to “Tesla Inc” as Chief Executive Elon Musk looks to transform the Silicon Valley firm from an electric car maker to a diversified energy products company.
Northrop, BAE Systems drop out of race for U.S. Air Force program
(Reuters) – U.S. weapons maker Northrop Grumman Corp said it along with its principal teammate British defense company BAE Systems have decided not to submit a proposal for the U.S. Air Force’s $16 billion T-X Trainer program.
U.S. private sector adds 246,000 jobs in January, topping estimates: ADP
(Reuters) – U.S. private employers added 246,000 jobs in January, above economists’ expectations, a report by a payrolls processor showed on Wednesday.
Investor Standard Life seeks change at Sports Direct, Volkswagen
LONDON (Reuters) – Standard Life Investments, the fund arm of insurer Standard Life , has concerns about governance at Sports Direct and Volkswagen and will press for more change at the companies, it said in its annual governance report on Wednesday….
