VW says 1.23 million diesel cars have been refitted with software update
BERLIN (Reuters) – Volkswagen said it has refitted 1.23 million diesel cars with a software update on pollution control systems as it pushes steps to overcome its emissions scandal.
Wall Street broker-dealer profits in 2016 to exceed last year’s: watchdog
(Reuters) – Wall Street broker-dealer profits for the full year are on track to surpass that of 2015 and could end three years of consecutive declines in the industry, according to a report on Friday by New York state Comptroller Thomas DiNapoli.
EU data protection watchdogs warn WhatsApp, Yahoo on privacy
BRUSSELS (Reuters) – European privacy watchdogs warned WhatsApp on Friday over sharing user information with parent company Facebook, and cautioned Yahoo over a 2014 data breach and scanning of customer emails for U.S. intelligence purposes.
Spending vs. profits: Amazon and investors at odds again
(Reuters) – Amazon Inc may be a “buy” for the vast majority of analysts, but it was a “sell” for a lot of investors on Friday.
Lufthansa’s Eurowings, union to hold talks on Sunday
FRANKFURT (Reuters) – Managers of Lufthansa’s Eurowings will meet with cabin crew union UFO on Sunday to try to avert further labor strikes next week, Eurowings said.
Exxon Mobil profit drops 38 percent but beats estimates
HOUSTON (Reuters) – Exxon Mobil Corp , the world’s largest publicly traded oil company, on Friday reported a 38 percent drop in quarterly profit that still beat Wall Street’s expectations as cost cuts partly offset declining crude prices .
EU watchdogs want bank management screened before being hired
LONDON (Reuters) – Top executives at European banks would have to be screened before they take office under the latest batch of industry regulations designed to improve the sector’s management in the wake of the financial crisis.
U.S. labor costs increase 0.6 percent in third quarter
WASHINGTON (Reuters) – U.S. labor costs maintained a steady pace of increase in the third quarter, showing little signs of a significant pickup in wage inflation.
AB InBev cuts revenue forecast after triple blow in Brazil
BRUSSELS (Reuters) – Anheuser-Busch InBev , the world’s largest brewer, reported one of its weakest quarters in years as margins collapsed in recession-hit Brazil under pressure from lower sales, delayed price increases and currency hedges.
EU fears VW diesel fixes could damage engines: Spiegel
BERLIN (Reuters) – The European Commission fears steps taken by Volkswagen to refit polluting diesel cars may damage the vehicles’ engines, the Spiegel magazine reported, citing unidentified staff at the European Union’s executive branch.
