Australia sues Volkswagen over alleged emissions fraud
SYDNEY (Reuters) – The Australian consumer watchdog on Thursday said it sued the Australian arm of world No. 2 carmaker Volkswagen AG for intentionally selling more than 57,000 vehicles with software which lied about levels of toxic emissions.
Japanese airline ANA to replace 100 Rolls engines on 787s
SEATTLE (Reuters) – ANA Holdings Inc , Japan’s largest airline, said on Wednesday it will replace all 100 Rolls-Royce engines on its fleet of Boeing 787 Dreamliners following three engine failures this year caused by corrosion and cracking of turbine …
Salesforce third-quarter revenue forecast misses, shares fall
(Reuters) – Cloud software maker Salesforce.com Inc forecast third-quarter revenue below estimates as it saw some softness, primarily in the United States, sending the company’s shares down by 7.7 percent in extended trading.
Monsanto’s Climate Corp seen profitable by 2020: CTO Fraley
BOONE, Iowa (Reuters) – Monsanto Co’s digital agriculture platform should begin generating revenue for the seed and chemical company by 2020 as paid subscriptions for data-driven farm management and planting advice services expand, a top executive told…
McDonald’s names new head of U.S. unit
LOS ANGELES (Reuters) – McDonald’s Corp on Wednesday said Michael Andres will retire as president of McDonald’s USA at the end of the year as the fast-food chain fights to maintain the momentum of its turnaround plan amid intense competition from indu…
Tesla plans to raise funds this year to tackle cash crunch
(Reuters) – Facing a severe cash crunch, Tesla Motors Inc plans to raise additional money this year to help fund development and production of its new Model 3 sedan and build out a massive battery factory, the company said on Wednesday.
Wells Fargo, Amazon end deal to offer discounted student loans
(Reuters) – Wells Fargo & Co and Amazon.com Inc said they had ended a partnership to offer discounted student loans to the online retailer’s “Prime Student” customers, about six weeks after announcing the deal.
U.S. sees more room for fiscal boost globally
WASHINGTON (Reuters) – The U.S. Treasury believes there is more room for governments to use fiscal policy to boost growth, and will take that message to next week’s Group of 20 meeting in China, Under Secretary for International Affairs Nathan Sheets s…
Energy drags Wall St. lower; S&P down slightly in August
NEW YORK (Reuters) – Stocks ended lower on Wall Street on Wednesday, as energy shares tracked oil prices lower, and the S&P posted a loss for August, the first negative month for the benchmark index since February.
U.S. sues to stop Deere from buying Precision Planting
WASHINGTON/CHICAGO (Reuters) – The U.S. Justice Department filed a lawsuit on Wednesday aimed at stopping Deere & Co from buying Monsanto Co’s Precision Planting farm equipment business, saying that the deal could make it more expensive for farmers to use fast, precise planting technology.
