South Korea suspends sales of most Volkswagen models
SEOUL (Reuters) – South Korea on Tuesday suspended sales of most Volkswagen AG models in a fresh blow to the German automaker as it struggles to overcome the global repercussions of its emissions-test cheating sandal and rebuild its tattered image.
Exclusive: Bangladesh officials visit Manila to seek recovery of bank heist money
DHAKA/MANILA (Reuters) – Officials from the Bangladesh central bank are visiting Manila this week to pressure the authorities in the Philippines to find ways to return the $63 million that is still missing out of the funds stolen from its account at th…
Buffett rebukes Trump, questions his business skill
OMAHA, Neb. (Reuters) – Billionaire investor Warren Buffett on Monday campaigned alongside U.S. Democratic presidential candidate Hillary Clinton at a rowdy rally in his home state of Nebraska, where he challenged Republican Donald Trump to release his…
Theranos CEO faces critics, presents new product plans
PHILADELPHIA (Reuters) – The chief executive of embattled Theranos Inc on Monday presented plans for a new product and said the blood testing company was working diligently to rectify all of its outstanding issues involving its product and laboratory o…
Didi’s dominance of Uber in China offers roadmap for ride-hailing rivals
SAN FRANCISCO (Reuters) – China ride-hailing service Didi Chuxing’s dominance of Uber Technologies Inc [UBER.UL] in the China market may provide a play book for other regional rivals to fend off the biggest U.S. ride-hailing company, especially in othe…
Wall St. edges lower as energy sector weighs
(Reuters) – The S&P 500 and the Dow closed slightly lower on Monday, as a drop in oil prices dragged down energy stocks, while tech names Apple and Alphabet helped lift the Nasdaq to its highest close in over a year.
Coach signs 20-year sale-leaseback for New York headquarters
(Reuters) – Handbag maker Coach Inc said it entered into a 20-year sale-and-leaseback agreement for its headquarters in New York City.
After bruising China battle, Uber cedes to rival Didi
(Reuters) – After a bruising two-year battle, ride-hailing firm Uber is selling its China operations to bigger local rival Didi Chuxing in a deal that will give Uber a one-fifth stake in Didi.
SolarCity accepts Tesla’s $2.6 billion offer; both shares fall
(Reuters) – SolarCity Corp agreed to Tesla Motors Inc’s $2.6 billion offer to buy the solar panel installer, the companies said on Monday, clearing one obstacle in the way of Elon Musk’s ambitious plans for a carbon-free energy and transportation com…
Icahn Enterprises: Brett Icahn, Schechter no longer run Sargon portfolio
(Reuters) – Carl Icahn’s Icahn Enterprises LP said on Monday that the billionaire investor’s son, Brett Icahn, and David Schechter were no longer co-managers of the Sargon Portfolio, and would instead stay on as consultants for now.
