VW institutional investors file $3.61 billion suit in Germany
BERLIN (Reuters) – Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in the emissions scandal, the law firm representing them said.
Canada government will not unveil Bombardier decision before budget
TORONTO (Reuters) – Canada’s Liberal government on Monday made clear it will not announce whether it plans to help struggling plane maker Bombardier Inc before the March 22 federal budget.
Caution persists as financial markets hit the reset button
NEW YORK (Reuters) – After a miserable start to the year, financial markets are looking for a do-over.
Oil falls as worry over growing stockpile cuts short rally
NEW YORK (Reuters) – Oil prices fell about 3 percent on Monday on concerns that a six-week market recovery has gone beyond fundamentals as U.S. crude stockpiles continue to build and Iran maintains little interest in joining major producers in freezing…
Apple, McDonald’s, Google and IKEA to face EU lawmakers over tax deals
BRUSSELS – Apple , Google , McDonald’s and IKEA[IKEA.UL] will be asked about their European tax deals on Wednesday as EU lawmakers ratchet up the pressure on multinationals to pay more tax on their profits locally.
Debt deadlines loom for SandRidge, Venoco and Energy XXI
NEW YORK (Reuters) – The first major upstream oil and gas bankruptcy filing of the year could occur this week as SandRidge Energy Inc, Venoco Inc [DNVRPV.UL] and Energy XXI Ltd reach the end of grace periods following millions in missed interest paymen…
FDA investigating graphic video linked to Kellogg factory
(Reuters) – Breakfast cereals maker Kellogg Co said federal regulators are conducting a criminal investigation of a video that surfaced on Friday showing a man filming himself urinating on one of its factory assembly lines.
Russia eyes global deal on oil output in April, Iran seen exempt
TEHRAN (Reuters) – A global deal to freeze oil production could be signed in April and exclude Iran, which has the right to boost output after years of sanctions, Russian energy minister Alexander Novak said on Monday after talks in Tehran.
In a relief for Fed, U.S. inflation survey rebounds
NEW YORK (Reuters) – An increasingly important gauge of U.S. inflation rebounded last month from record low levels, adding to other firming price measures that could help pave the way for Federal Reserve interest rate hikes in the months ahead.
SEC approves budget of independent accounting board
WASHINGTON (Reuters) – The Securities and Exchange Commission on Monday approved the budget for the auditing watchdog that oversees the work of leading U.S. accounting firms.
