VW hikes emissions provisions to 16-17 billion euros: source
BERLIN (Reuters) – Volkswagen is hiking its provisions to pay for an emissions cheating scandal to between 16 billion and 17 billion euros ($18.1-19.2 billion) from currently 6.7 billion euros, a person familiar with the matter told Reuters on Friday….
Google’s parent Alphabet results hit by rising traffic costs, strong dollar
(Reuters) – Google’s parent Alphabet Inc missed Wall Street targets for first-quarter profit and revenue on Thursday as it spent more money to build traffic for its mobile advertising services.
EU and U.S. should secure trade deal this year: U.S. negotiator
BERLIN (Reuters) – Europe and the United States should wrap up the U.S.-European free trade deal this year or people will start thinking it might never happen, U.S. Trade Representative Michael Froman told a German newspaper in an interview published o…
Daimler shares slide on U.S. emissions investigation
FRANKFURT/WASHINGTON (Reuters) – Daimler shares fell more than five percent on Friday, hit by news that the United States Department of Justice had asked the carmaker to investigate its emissions certification process for vehicles including its Merced…
Apple’s book, film services go dark in China
BEIJING (Reuters) – Apple Inc’s online book and film services have gone dark in China, after Beijing introduced regulations in March imposing strict curbs on online publishing, particularly for foreign firms.
Paramount offers EU concessions in Sky geoblocking case
BRUSSELS (Reuters) – Paramount Pictures has offered the EU antitrust regulator concessions in a landmark case over geographical restrictions on movie licensing deals between British broadcaster Sky UK and six U.S. studios, the European Commission said…
Carlos Slim target FCC buys back debt at discount: -source
MADRID (Reuters) – Spanish construction group FCC has reached a deal with creditor banks to buy back close to 400 million euros ($451 million) of debt at a discount, a source familiar with the matter said on Friday.
Valeant in talks to hire Perrigo’s Papa as CEO: source
(Reuters) – Drugmaker Valeant Pharmaceuticals International Inc is seeking to appoint Perrigo Co Plc’s boss Joseph Papa as its new chief executive, a source familiar with the matter said.
Oil prices rise as investor sentiment turns upbeat
SINGAPORE (Reuters) – Oil prices rose on Friday, setting crude futures on course for solid weekly gains, as market sentiment turned more upbeat despite ongoing oversupply.
In Asia, Netflix trips on regulation, content, and competition
SEOUL/JAKARTA (Reuters) – Months after its global rollout, Netflix Inc is facing problems in several major Asian markets as it struggles to provide enough strong content to attract consumers amid tough local competition, and also faces many regulatory…
