U.S. judge orders Volkswagen executive detained
MIAMI/NEW YORK (Reuters) – A U.S. judge on Thursday ordered a Volkswagen executive charged in the Justice Department’s diesel emissions investigation held without bail pending trial.
Lowe’s to cut ‘less than 1 percent’ of workforce: CNBC
(Reuters) – Lowe’s Cos Inc , the No. 2 U.S. home improvement chain, is expected to cut “less than 1 percent” of its workforce in the near future, CNBC reported on Thursday, citing a person familiar with the matter.
U.S. appeals court revives antitrust lawsuit against Apple
SAN FRANCISCO (Reuters) – iPhone app purchasers may sue Apple Inc over allegations that the company monopolized the market for iPhone apps by not allowing users to purchase them outside the App Store, leading to higher prices, a U.S. appeals court rule…
Pharma company executives debate drug pricing increases
SAN FRANCISCO (Reuters) – Grappling with a backlash against high U.S. prescription drug prices, more pharmaceutical companies are pledging to limit annual increases to under 10 percent – but the tactic is doing little to salve critics, including Presid…
AT&T chief executive, Trump meet amid planned Time Warner merger
NEW YORK (Reuters) – AT&T Inc Chief Executive Randall Stephenson on Thursday met in New York with U.S. President-elect Donald Trump, an opponent of the company’s acquisition of Time Warner Inc .
Fed officials see quick economic boost from Trump, risks to follow
NAPLES, Fla. (Reuters) – Federal Reserve officials cautioned on Thursday that the fiscal and tax plans sketched out by the incoming Trump administration could trade a short-term economic boost for longer-run inflation and debt problems they might have …
Yellen had ‘super risky’ proposal for Fed’s 2011 low-rate vow: transcripts
SAN FRANCISCO/WASHINGTON (Reuters) – Faced with sharply deteriorating economic conditions in 2011 after ending their second bond-buying program, Federal Reserve policymakers made an unprecedented bid to shore up the recovery by promising to keep rates …
Trump wades in on flap over L.L. Bean boycott threats
BOSTON (Reuters) – Donald Trump on Thursday tweeted his support of Maine catalog retailer L.L. Bean after an activist group opposed to the U.S. president-elect called for a boycott of the company.
Cadbury owner Mondelez raises some prices on weak pound, higher cocoa cost
LONDON (Reuters) – Cadbury chocolate owner Mondelez International said it is taking selective price increases across its brands, as it grapples with higher commodity costs and a weaker British pound.
Ford expands Takata air bag recall, now affects three million vehicles
DETROIT (Reuters) – Ford Motor Co said on Thursday it will recall about 816,000 vehicles as it widened previous actions affecting models with Takata Corp air bags.
