Volkswagen, Bosch oppose request for diesel documents
WASHINGTON (Reuters) – German automaker Volkswagen AG and auto supplier Robert Bosch GmbH [ROBG.UL] have asked a U.S. federal judge to reject requests from European investors and vehicle owners to access more than 20 million pages of records turned ov…
American Express can enforce credit card anti-steering rules
NEW YORK (Reuters) – A federal appeals court on Monday cleared the way for American Express Co to enforce rules prohibiting merchants that accept its cards from steering customers toward lower-cost cards offered by competing issuers.
Fed will seek more capital from largest U.S. banks: Tarullo
WASHINGTON (Reuters) – The Federal Reserve will seek significantly more capital from the largest U.S. banks and give some relief to smaller banks as it considers reforms to its annual ‘stress test,’ Fed Governor Daniel Tarullo said on Monday.
Nestle executive Cantarell quits after 40 years, sparking reshuffle
ZURICH (Reuters) – Luis Cantarell, who heads Nestle’s Europe, Middle East and North Africa zone and has been an advocate of blurring the lines between food and pharmaceuticals, is stepping down after 40 years, the Swiss company said on Monday.
Disney working with adviser on possible Twitter bid: Bloomberg
(Reuters) – Walt Disney Co is working with a financial adviser to evaluate a possible bid for Twitter Inc, Bloomberg reported, citing people familiar with the matter.
Oil up 4 percent as OPEC meets, volatility hits post-Doha high
NEW YORK/LONDON (Reuters) – Oil jumped as much as 4 percent on Monday as the world’s largest producers gathered in Algeria to discuss ways to support prices, with nervous trade driving volatility to its highest since a similar meeting to freeze output …
U.S. new home sales fall in August but trend still positive
WASHINGTON (Reuters) – New U.S. single-family home sales posted their biggest decline in nearly a year in August after soaring to nine-year highs the month before, with analysts saying the trend in sales remains positive.
Iran downplays chances of oil deal, UAE keen on freeze
ALGIERS (Reuters) – Iran downplayed on Monday the chances of OPEC and non-OPEC oil producers clinching an output-restraint deal in Algeria this week even though several other members of the group said they still hoped for steps to tackle a price-erodin…
Deutsche Bank says no need for Berlin’s help in $14 billion U.S. dispute
FRANKFURT/BERLIN (Reuters) – Deutsche Bank said on Monday it had no need for German government help with a $14 billion U.S. demand to settle claims it missold mortgage-backed securities, as its shares hit a record low.
HSBC walks U.S. regulatory tightrope over $10 billion of ‘trapped’ capital
LONDON (Reuters) – Britain’s HSBC is seeking to release billions of dollars of capital tied up in the United States without upsetting the country’s politicians and regulators, senior sources at the bank said.
