News Corp to settle in-store promotions litigation for $280 million
NEW YORK (Reuters) – News Corp said on Monday that it had agreed to pay $280 million to resolve claims that it monopolized the market for in-store promotions at more than 50,000 retail stores across the United States.
Judge sets trial for dispute over Redstone’s mental capacity
LOS ANGELES (Reuters) – Media mogul Sumner Redstone’s lawyers suffered a defeat in court on Monday as a California judge tentatively ruled that a lawsuit challenging his mental competency could proceed to trial. The decision, by Los Angeles Superior Co…
VW confident may reach deal with U.S. on technical fix: CEO
GENEVA (Reuters) – Volkswagen AG is confident it may reach an agreement with U.S. regulators on a technical fix for diesel cars, vehicle buybacks and fines, Chief Executive Matthias Mueller said on Monday. The U.S. Justice Department has sued Volkswagen for up to $46 billion for violating U.S. environmental laws. There is still no fix for nearly 600,000 affected cars in the United States more than five months after VW’s emissions test-rigging scandal broke.
Buffett says owning IBM shares could prove a mistake: CNBC
NEW YORK (Reuters) – Warren Buffett, chairman and chief executive of Berkshire Hathaway Inc , told CNBC on Monday the firm’s ownership of IBM shares could prove a mistake and that he was buying more U.S. stocks overall since the end of last year.
Red faces, raised voices over late hitch in Foxconn’s Sharp deal
TOKYO/TAIPEI (Reuters) – A late hitch to Foxconn’s takeover of Japan’s struggling Sharp Corp brought simmering distrust between the two close to boiling point, people with direct knowledge of the matter said.
Toyota, BMW strongly motivated to collaborate on sportscar: Totoya executive
GENEVA (Reuters) – Toyota Motor Corp and Germany’s BMW are still keen to develop a common sportscar architecture but have yet to decide on a timeline for the project, a senior executive at the Japanese carmaker said on Monday.
Argentina debt talks make progress, to continue: mediator
NEW YORK (Reuters) – Sovereign debt settlement talks between the government of Argentina and holdout bondholders stemming from an historic default in 2002 made further progress on Wednesday, the court appointed mediator, Daniel Pollack, said in a state…
S&P 500 slides below closely watched threshold
(Reuters) – Wall Street ended lower on Monday, falling out of lockstep with oil prices as energy and healthcare shares lost ground.
Launch of Maserati SUV brings hope to Turin car workers
TURIN, Italy (Reuters) – Hundreds of workers from Fiat’s sprawling Mirafiori plant in the Italian city of Turin hope Maserati’s first sport-utility vehicle will finally change their fortunes for the better and end years of layoffs.
Unlocking iPhone would leave millions exposed, Apple to tell Congress
WASHINGTON (Reuters) – Unlocking an iPhone used by one of the San Bernardino shooters would leave hundreds of millions of Apple Inc device owners vulnerable to cybercriminals and other hackers, the company’s top lawyer is expected to tell U.S. lawmaker…
