Post-Dieselgate, Volkswagen retools itself for faster ride
BERLIN (Reuters) – The biggest engineering feat on display when Volkswagen unveils its new concept car on Tuesday will be the team developing it: a post-Dieselgate management system crafted to operate faster, cheaper and with a lighter grip on the whee…
U.S. urges China to keep moving to a market-oriented exchange rate
BEIJING (Reuters) – U.S. Treasury Secretary Jack Lew said on Sunday that it was critical for China to continue moving toward a more market-oriented exchange rate and clearly communicate its actions to the market.
Warren Buffett defends 3G, touts economy in record year for Berkshire
(Reuters) – Warren Buffett on Saturday used his annual letter to Berkshire Hathaway Inc shareholders to launch vigorous defenses of an aggressive private equity partner and a maligned mobile home unit, as his conglomerate recorded robust profits.
VW ex-CEO told of defeat device admission weeks before news was public: BamS
FRANKFURT (Reuters) – Volkswagen’s former chief executive Martin Winterkorn was informed that the carmaker had told regulators it was using defeat devices two weeks before the scandal became public, German tabloid Bild am Sonntag reported on Sunday.
Warren Buffett’s Berkshire Hathaway quarterly profit jumps almost one third
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Saturday said fourth-quarter profit rose 32 percent, helped by improved results in its insurance operations and higher gains from investments and derivatives.
Disney resets theme park ticket prices for slow, busy times
LOS ANGELES (Reuters) – Walt Disney Co unveiled new single-day ticket prices on Saturday for the company’s U.S. theme parks, switching to a three-tiered system that charges visitors more on the year’s busiest days and less during typically slower perio…
G20 to say world needs to look beyond ultra-easy policy for growth
SHANGHAI (Reuters) – The world’s top economies declared on Saturday that they need to look beyond ultra-low interest rates and printing money to shake the global economy out of its torpor, while renewing their focus on structural reform to spark activi…
Deepening default fears cast shadow over Venezuela’s oil flows
HOUSTON (Reuters) – As Venezuela grows closer to exhausting nearly every means of paying its debt, some oil market participants are seriously pondering the possible implications of an unprecedented event: the default of a major crude producing company….
After G20 stalemate, focus turns to signs of growth momentum
LONDON (Reuters) – Investors worried about the risk of a new global recession are hoping that data over the coming week will show that some momentum remains in the world economy, eight years into its slow recovery from the financial crisis.
U.S. Navy to look at alternatives for remote mine-hunting vehicle
WASHINGTON (Reuters) – U.S. Navy Secretary Ray Mabus said on Friday he was not satisfied with the reliability of the remote mine-hunting vehicle being developed by Lockheed Martin Corp and would look for alternatives.
