German state of Hesse sues VW for damages caused by dieselgate
FRANKFURT (Reuters) – The German state of Hesse will sue Volkswagen for damages caused by its emissions-test cheating scandal, its Finance Minister said on Friday.
Wells Fargo faces scrutiny over lack of sales scandal disclosure
NEW YORK (Reuters) – A phantom account scandal at Wells Fargo & Co has put the U.S. bank’s disclosure policies under a harsh spotlight.
Apple Japan unit ordered to pay $118 million tax for underreporting income: media
TOKYO (Reuters) – An Apple Inc iTunes unit in Japan was ordered to pay some 12 billion yen ($118 million) in tax by local authorities after underreporting income, media reported Friday.
U.S. lawmakers ask Wells about taking back bonuses linked to scam case
WASHINGTON (Reuters) – Five Democratic U.S. Senators have asked Wells Fargo if it plans to take back bonuses and other compensation to executives linked to the 2 million phony bank accounts that employees created to meet sales quotas.
Less loved but good value; investors in Asia look to buy on the cheap
SINGAPORE (Reuters) – In a world of slack growth and low returns, investors have been flocking to Asian companies with booming businesses and profits. But with these stocks now the priciest in 13 years relative to less loved firms, funds are starting t…
Hanjin says U.S.-bound ship is being held ‘hostage’
(Reuters) – A lawyer for Hanjin Shipping Co Ltd , the failed South Korean container carrier, said on Thursday a U.S.-bound vessel was held “hostage” by disputes over payments, adding to the struggles in getting $14 billion of cargo off its ships strand…
Exclusive: Infor working with Morgan Stanley after investment interest – sources
(Reuters) – Infor Inc, a business software company which could be valued at more than $9 billion including debt, is working with Morgan Stanley to handle approaches from buyout firms interested in acquiring a stake, according to people familiar with th…
Water protests in tech hub expose urban India’s growing pains
BENGALURU (Reuters) – Oracle employees were at work on Monday when protesters entered their nine-storey building in India’s technology hub, Bengaluru, and asked them to leave in support of demonstrations that had erupted across the city over a water di…
In afterglow of Wells case, U.S. consumer agency faces fight for its life
WASHINGTON (Reuters) – The U.S. watchdog for consumer finance scored a major victory last week when it was part of the government group that forced Wells Fargo & Co into a $190 million settlement of fraud charges, but the Consumer Financial Protection Bureau still faces an ugly fight to justify its own existence.
Target urges employees to help turn around performance ahead of holidays
MINNEAPOLIS (Reuters) – Target Corp Chief Executive Brian Cornell on Thursday urged the company’s employees to focus on delivering a better in-store and online experience for shoppers in an attempt to turnaround its performance before the crucial holi…
