Volkswagen will pay $1.21 billion to settle U.S. dealer claims
WASHINGTON (Reuters) – Volkswagen AG confirmed late Friday it will make $1.21 billion in payments to 652 U.S. brand dealers as part of its $16.5 billion diesel emissions settlement to date.
Wall Street rallies, led by Deutsche Bank, financials
NEW YORK (Reuters) – Wall Street rallied on Friday, lifted by a surge in Deutsche Bank shares and financial stocks after concerns eased about the health of the German bank.
Illinois and Chicago eye Wells Fargo business bans
CHICAGO (Reuters) – Wells Fargo & Co faces possible bans from doing business with the city of Chicago and the state of Illinois in the wake of its sales scandal that erupted earlier this month.
United Launch Services wins $861 million U.S. defense contract: Pentagon
WASHINGTON (Reuters) – United Launch Services, a joint venture of Lockheed Martin Corp and Boeing Co , has been awarded an $861 million modification to a previously awarded contract for Evolved Expendable Launch Vehicle launch capability for the Delta…
Yahoo hack may become test case for SEC data breach disclosure rules
WASHINGTON (Reuters) – Yahoo’s disclosure that hackers stole user data from at least 500 million accounts in 2014 has highlighted shortcomings in U.S. rules on when cyber attacks must be revealed and their enforcement.
Data storage provider Nutanix soars in market debut
(Reuters) – Shares of Nutanix Inc , an unprofitable but growing provider of enterprise data storage, soared more than 130 percent in their market debut Friday, highlighting demand for tech offerings in what has been a generally quiet year for IPOs.
Delta, pilots negotiators reach deal for new contract
(Reuters) – Delta Air Lines Inc and its pilots union have reached an agreement in principle for a new contract that has been more than a year in the making, the parties said on Friday.
Viacom forms committee to consider Redstone’s CBS merger push
(Reuters) – Viacom Inc said it had formed a special committee to consider National Amusements Inc’s proposal to combine the company with CBS Corp .
Russia, bowing to budget pressures, revives oil firm sell-off
SOCHI, Russia (Reuters) – Russia said on Friday that it was resuming the shelved privatisation of oil firm Bashneft, in a sign of how anxious the Kremlin is to raise money to fill holes in the budget left by the economic slump.
Indonesia’s Garuda’s U.S. return to generate 5 percent of 2017 revenue: CEO
MONTREAL (Reuters) – Garuda Indonesia’s , the country’s national carrier, expects its return to the United States next year with three flights a week to generate about 5 percent of the airline’s top-line passenger revenue for 2017, its chief executive …
