Volkswagen, Justice Dept. nearing $3 billion deal to resolve diesel allegations
WASHINGTON (Reuters) – Volkswagen AG and the U.S. Justice Department are nearing an agreement to resolve the government’s civil and criminal investigations that would require the German automaker to pay a penalty of more than $3 billion, sources brief…
Boeing’s 2016 orders lowest since 2010, deliveries hit target
SEATTLE (Reuters) – Boeing Co fell 80 planes short of its goal for new orders in 2016, but likely clinched the title of world’s biggest planemaker for another year.
Struggling upscale U.S. retailer Neiman Marcus pulls IPO
(Reuters) – Neiman Marcus Group LLC said on Friday it would withdraw its initial public offering, nearly two years after the upscale department store chain filed its intent with U.S. regulators to go public, as it grapples with weaker customer demand.
Wal-Mart unit Sam’s Club CEO to retire next month
(Reuters) – Wal-Mart Stores Inc said Rosalind Brewer, the longest-serving CEO of its warehouse chain Sam’s Club, would retire next month, and would be succeeded by company veteran John Furner.
U.S. approves first fix for 70,000 polluting VW diesel vehicles
WASHINGTON (Reuters) – The U.S. Environmental Protection Agency has approved a fix for about 70,000 polluting Volkswagen diesel vehicles, it said on Friday.
N.Y. Fed raises U.S. GDP growth view toward 2 percent
NEW YORK (Reuters) – The New York Federal Reserve on Friday raised its outlook on U.S. economic growth in final quarter of 2016 and first three months of 2017 to near 2 percent following “parameter revisions” and stronger-than-forecast manufacturing da…
Battered bitcoin slides another 12 percent after China warning
LONDON (Reuters) – Bitcoin plunged by as much as 12 percent on Friday after China’s central bank urged investors to take a rational and cautious approach to investing in the digital currency, which is on track for its heaviest two-day drop in two years…
AT&T says Time Warner purchase could avoid FCC scrutiny
WASHINGTON (Reuters) – AT&T Inc expects to be able to bypass a powerful telecommunications regulator in its planned $85.4 billion acquisition of Time Warner Inc , the companies said in regulatory filings on Friday.
Canada’s competition watchdog closes two-year Apple probe
TORONTO (Reuters) – Canada’s Competition Bureau on Friday said it had not found sufficient evidence that Apple Inc had engaged in anti-competitive conduct, closing a two-year investigation into the iPhone maker.
Factory goods orders fall, but trend points to recovery
WASHINGTON, Jan 6 (Reuters) – New orders for U.S.-made goods fell in November, weighed down by a plunge in the volatile civilian aircraft category, but the underlying trend suggested manufacturing is gradually firming.
