Volkswagen gets final clearance from KBA watchdog for diesel fixes
BERLIN (Reuters) – Volkswagen said on Wednesday it has received all clearances from Germany’s motor vehicle authority KBA to fix diesel cars fitted with illicit emission-control software.
Union calls new strikes at Amazon’s German warehouses
BERLIN (Reuters) – Workers at German warehouses of U.S. online retailer Amazon.com Inc were called out on strike by labor union Verdi on Wednesday as part of a long-running dispute over pay and conditions.
Actelion shares gain on report of progress in Sanofi talks
ZURICH (Reuters) – Swiss biotech group Actelion’s shares rose by more than 3 percent on Wednesday following a report that talks with Sanofi are making progress, increasing optimism that the two will strike a deal.
Cyrus Mistry petition seeks ouster of Tata Sons board
MUMBAI (Reuters) – Tata Sons’ [TATAS.UL] ousted chairman Cyrus Mistry, in his first legal salvo against the conglomerate, has appealed to a quasi-judicial body to either replace the company’s current board, or appoint a retired Supreme Court judge as n…
Japan’s TDK to buy U.S. chip maker InvenSense for $1.3 billion
TOKYO (Reuters) – Japanese electronic parts maker TDK Corp said it had agreed to buy InvenSense Inc , a U.S. chip maker that produces motion sensors for Apple Inc and Samsung Electronics Co , for $1.33 billion.
Nasdaq rises to record, Dow bats eyes at 20,000
(Reuters) – The Dow and Nasdaq Composite rose to record highs on Tuesday in a rally fueled by optimism about U.S. President-elect Donald Trump’s policies.
American Airlines wins $15 million in antitrust case against Sabre
NEW YORK (Reuters) – American Airlines Group Inc on Tuesday won about $15.3 million in an antitrust lawsuit that accused airline booking service Sabre Corp of harming competition and charging grossly inflated booking fees.
Investors see Biogen CEO choice as friendly to potential takeover
NEW YORK (Reuters) – The surprise selection of Michel Vounatsos to run Biogen Inc signals a shift toward a more commercial management focus after years of targeting ambitious scientific gains, and likely keeps the U.S. biotech in play as a takeover ta…
VW agrees to fix, buy back more polluting U.S. diesel vehicles
WASHINGTON (Reuters) – Volkswagen AG has agreed to a $1 billion settlement to fix or buy back another 80,000 polluting diesel vehicles sold in the United States as the German automaker on Tuesday took new steps to put its emissions cheating scandal be…
Ford shutting Kansas City plant for a week, GM lays off shift in Detroit
DETROIT (Reuters) – Ford Motor Co will close its Kansas City, Missouri pickup truck and van plant for a week in early January to match production and demand, the automaker said on Tuesday.
