VW’s van division has strong orders, mulls U.S. market entry
HANOVER, Germany (Reuters) – Volkswagen’s commercial vehicle division has great prospects for future sales and is toying with the idea of launching vans and pick-up trucks in the United States, its top executive said.
Former top BofA female banker settles ‘bro’s club’ bias lawsuit
NEW YORK (Reuters) – Bank of America Corp has settled a lawsuit by a former top female banker who had accused it of being a “bro’s club” that favored male employees over women, and punishing her because she complained about questionable activity.
Harley-Davidson shares pare gains after comment on buyout speculation
(Reuters) – Harley-Davidson Inc. shares jumped nearly 7 percent early on Wednesday as speculation resurfaced the company was a buyout target of equity firm Kohlberg Kravis and Roberts.
Central Banks tell regulators banks must tighten SWIFT security
LONDON (Reuters) – The world’s biggest central banks have told regulators that banks must tighten security around their SWIFT messaging systems following the theft of $81 million from Bangladesh’s central bank in February.
ExxonMobil unit to pay U.S., Montana $12 million to settle 2011 oil spill
WASHINGTON (Reuters) – An Exxon Mobil Corp affiliate has agreed to pay $12 million in natural resource damages to the federal government and the state of Montana to settle claims over a 2011 crude oil spill from one of its a pipeline, the U.S. Justice…
Viacom to look internally and externally for new CEO: source
(Reuters) – Viacom Inc ‘s board plans to look both internally and externally for a new chief executive to replace interim CEO Tom Dooley, a source familiar with the situation told Reuters on Wednesday.
Heat rises on Wells Fargo CEO after lawmaker grilling
NEW YORK (Reuters) – Wells Fargo & Co Chief Executive John Stumpf prides himself on being a banker who understands the little guy’s financial problems. He has spoken publicly about growing up poor on a Minnesota farm, starting his career as a low-level repo man and being underwater on his own mortgage years ago.
Apple eyes British supercar maker McLaren: FT
(Reuters) – Apple Inc has approached British Formula One team owner McLaren Technology Group for a strategic investment or a potential buyout, the Financial Times reported, citing sources.
U.S. begins unblocking jetliner sales to Iran
PARIS (Reuters) – The United States has begun unblocking deals by Western planemakers to renew Iran’s ageing passenger fleet in a move likely to ease growing complaints from Tehran over the implementation of last year’s historic sanctions deal.
GM affirms profit and cost cutting targets
DETROIT (Reuters) – General Motors Co on Wednesday affirmed its forecast for 2016 profit of up to $6.00 per share and said it expected to exceed its cost-savings target of $5.5 billion by 2018 as the automaker unveiled a new effort to convince investo…
