Volkswagen buys Navistar stake for $256 million in trucks push
FRANKFURT (Reuters) – Volkswagen has agreed an engine technology and purchasing alliance with truckmaker Navistar and will buy a 16.6 percent stake in the U.S. firm for $256 million, as global truck makers face steep development costs to meet global …
Brent crude futures ease as hope for output freeze fades
NEW YORK (Reuters) – Global benchmark Brent crude fell almost 1 percent on Tuesday as hopes waned for an agreement between two of the biggest oil producers to freeze output to tackle a global supply glut.
Starbucks to serve stevia-based sweetener in select cafes
(Reuters) – Starbucks Corp, the world’s largest coffee chain, said it would serve its first stevia-based, zero-calorie sweetener at select cafes in the U.S. and Canada.
U.S. services sector activity hits a six and a half-year low
NEW YORK (Reuters) – U.S. services sector activity slowed to a 6-1/2-year low in August amid sharp drops in production and orders, pointing to slowing economic growth that further diminished prospects for an interest rate hike from the Federal Reserve …
New York to probe Mylan EpiPen contracts for schools
WASHINGTON (Reuters) – New York has opened a probe into whether Mylan Pharmaceuticals broke antitrust law in writing contracts to provide EpiPens to some schools systems, state Attorney General Eric Schneiderman said in a statement on Tuesday.
European fund firms largely resist tobacco divestment campaign
LONDON (Reuters) – Eighteen months after the launch of a global campaign to persuade money managers to black-list tobacco stocks, just one major European investor has answered the rallying cry.
Exclusive: Renault sees diesel disappearing from most of its European cars
PARIS (Reuters) – Renault expects diesel engines to disappear from most of its European cars, company sources told Reuters, after the French automaker reviewed the costs of meeting tighter emissions standards following the Volkswagen scandal.
Toy maker LEGO builds more plant capacity to revive growth in U.S. sales
COPENHAGEN (Reuters) – LEGO A/S reported a decline in revenue growth and profits for the first half of 2016, but only because the Danish toymaker needed time to add production capacity to meet increased demand for its colorful building bricks in North …
Bayer sweetens Monsanto bid as talks enter final stretch
FRANKFURT/NEW YORK (Reuters) – German pharmaceutical and crop chemicals manufacturer Bayer AG says talks with Monsanto Co have advanced and it is now willing to offer more than $65 billion, a 2 percent increase on its previous offer for the world’s la…
EU finance ministers to discuss how to make tax policy more evenhanded
BRUSSELS (Reuters) – European Union countries should better coordinate tax rules to avoid hitting corporations too hard, the Slovak presidency of the European Union proposed, in an effort to provide more balance to an EU campaign against tax avoidance …
