Ford says Bronco SUV, Ranger midsize pickup truck to return in U.S.
DETROIT (Reuters) – Ford Motor Co will return to its U.S. model lineup the Bronco, a truck-like SUV, and the midsize pickup truck Ranger, the company said on Monday at the Detroit auto show.
Toyota to invest $10 billion in U.S. over five years
DETROIT (Reuters) – Toyota Motor North America chief executive Jim Lentz said on Monday the Japanese automaker will spend $10 billion in U.S. capital investments over the next five years, matching its investments over the prior five years.
Oil down on concerns rising U.S. production could dampen output cut deal
LONDON (Reuters) – Oil fell more than 2 percent on Monday as signs of growing U.S. production outweighed optimism that many other producers, including Russia, were sticking to a deal to cut supplies in a bid to bolster the market.
Supreme Court rejects Dow over $1 billion tax deduction claim
WASHINGTON (Reuters) – The U.S. Supreme Court on Monday declined to hear Dow Chemical Co’s bid to revive its claim to more than $1 billion in tax deductions based on partnerships the company entered into that lower courts said were created primarily t…
Japan’s Takeda to buy U.S. cancer drug maker Ariad in $5.2 billion deal
(Reuters) – Japan’s Takeda Pharmaceutical Co Ltd said it would buy cancer drug maker Ariad Pharmaceuticals Inc in a deal valued at $5.20 billion, to beef up its oncology pipeline.
VW executive to appear in Miami court over Dieselgate scandal
DETROIT (Reuters) – Volkswagen executive Oliver Schmidt will appear in Federal Court in Miami, Florida, on Monday, a spokeswoman for the United States Attorney’s office in Detroit said.
McDonald’s sells most of China, HK business to CITIC, Carlyle for $2.1 billion
HONG KONG (Reuters) – McDonald’s Corp has agreed to sell the bulk of its China and Hong Kong business to state-backed conglomerate CITIC Ltd and Carlyle Group LP for up to $2.1 billion, seeking to expand rapidly without using much of its own capital…
European shares fall, sterling dives on Brexit comments
LONDON (Reuters) – The dollar edged up on Monday, boosted by robust U.S. wage growth data that strengthened the case for more U.S. interest rate rises, while Britain’s pound fell on comments by Prime Minister Theresa May seen as pointing to a “hard” Br…
Big China bitcoin exchange says no government pressure on outflows
SHANGHAI (Reuters) – The head of a major bitcoin exchange in China says few people there use the cryptocurrency to get around rules on how much money they can take out of the country, and despite a publicized meeting with the central bank last week the…
UK law firm seeks compensation for VW drivers over diesel scandal
LONDON (Reuters) – A British law firm has launched legal action against Volkswagen , seeking thousands of pounds of compensation each for UK drivers affected by the carmaker’s emissions scandal.
