U.S. economy posts largest job gains in eight months in June
WASHINGTON (Reuters) – U.S. job growth surged in June as manufacturers and other employers boosted hiring, confirming the economy has regained speed after a first-quarter lull, but tepid wages suggested the Federal Reserve will probably not raise inter…
Oil edges up but biggest weekly drop in Brent since January
NEW YORK (Reuters) – Crude prices inched up in choppy trading on Friday but Brent notched its largest weekly drop in nearly six months, as strong U.S. jobs data and bargain hunting by investors pitted against seasonally weak consumption of oil.
Germany denies investigating Tesla over software updates
BERLIN (Reuters) – Germany’s Transport Ministry denied a media report on Friday that it was investigating Tesla Motors Inc for updating driving assistance software without informing authorities, but said it was “clarifying technical issues” on the matt…
Options market signals little fear of election-tied volatility
NEW YORK (Reuters) – The November U.S. presidential election is being sold by the major parties as a defining moment for the next generation of Americans. But stock and options traders, often moved to action by political headlines, are responding with …
Goldman Sachs hires former EU chief Barroso
LONDON (Reuters) – Goldman Sachs has hired former European Commission President Jose Manuel Barroso to be an advisor and non-executive chairman of its international business, the U.S. bank said on Friday, as it grapples with the fallout from Britain’s…
DuPont must pay extra $500,000 in lawsuit over Teflon-making chemical
NEW YORK (Reuters) – U.S. jurors ordered DuPont on Friday to pay an additional $500,000 in punitive damages to a man who said he developed testicular cancer from exposure to a toxic chemical used to make Teflon at one of its plants, according to a lawy…
Farnborough faces fewer jet orders, as Boeing turns 100
FARNBOROUGH, England (Reuters) – The aerospace industry is preparing to celebrate major milestones at the Farnborough Airshow next week as Boeing turns 100 and Canada’s Bombardier marks the entry into service of a new jet designed to challenge the duop…
German prosecutors to seek Volkswagen Dieselgate fine: Sueddeutsche Zeitung
FRANKFURT (Reuters) – German prosecutors are demanding carmaker Volkswagen face a fine based on the level of the profits the carmaker made from selling 11 million vehicles equipped with manipulated engine software, Sueddeutsche Zeitung said.
NHTSA to probe Harley-Davidson motorcycles for brake failure
(Reuters) – The National Highway Traffic Safety Administration (NHTSA) said it would investigate some motorcycles made by Harley-Davidson Inc after complaints of brake failure without warning.
U.S. recession risk rises on auto sales fall: J.P. Morgan
NEW YORK (Reuters) – The risk of the U.S. economy slipping into a recession in the next 12 months increased to its highest level during the current expansion following a drop in auto sales in June, J.P. Morgan economists said on Friday.
