U.S. regulators probe Fiat Chrysler vehicle sales
(Reuters) – U.S. regulators are investigating whether Fiat Chrysler Automobiles NV had inflated vehicle sales figures, the company said Monday, following a lawsuit by Illinois dealers in January.
Oil down 1 percent on worry of crude and fuel supply glut
NEW YORK (Reuters) – Oil prices settled down more than 1 percent on Monday after rising stockpiles of crude and refined fuel intensified fears another major glut was building up.
Exclusive: Monsanto in talks with Bayer over confidentiality pact – source
(Reuters) – U.S. seeds company Monsanto Co is negotiating the terms of a confidentiality agreement with Bayer AG that would allow extensive due diligence, after the German drug and crop chemical group raised its acquisition bid to more than $64 billi…
Big funds push back against activist investor settlements
(Reuters) – After years of support for companies that hand board seats to activists to avoid a bruising public fight, some of the world’s largest institutional investors are pushing back.
Murdochs decide to oust Fox News chief Ailes: report
(Reuters) – Rupert Murdoch, executive co-chairman of 21st Century Fox Inc , and his sons James and Lachlan agree that Fox News Channel boss Roger Ailes should leave the company but they have not settled on the timing, New York magazine reported on Mond…
U.S. DoJ investigating Fiat Chrysler for fraud: Bloomberg
(Reuters) – The U.S. Justice Department is investigating Fiat Chrysler Automobiles NV for fraud, Bloomberg reported, citing people familiar with the matter.
SocGen seeks to push back trial date in Libya fund case
LONDON (Reuters) – French investment bank Societe Generale on Monday asked for an adjournment to push back the date of a trial in a long-running dispute with Libya’s $67 billion sovereign wealth fund over a series of trades entered into between 2007 an…
Hasbro beats estimates on strong demand for Disney Princess dolls
(Reuters) – Hasbro Inc reported higher-than-expected quarterly profit and revenue, driven by strong demand for Disney Princess and Frozen dolls and action figures based on “Star Wars” movies.
Uber reaches 2 billion rides six months after hitting its first billion
SAN FRANCISCO (Reuters) – Uber has completed more than 2 billion trips on its app, the company’s chief executive said on Monday, a milestone that arrives just weeks after the ride service added another $4.7 billion to its warchest.
FIFA says Russia’s Alfa Bank is first regional World Cup sponsor
ZURICH (Reuters) – FIFA, which has struggled to find commercial partners since it was battered by a corruption scandal last year, named a Russian bank as the first of up to 20 regional World Cup sponsors on Monday.
