Mercedes owner files U.S. suit over diesel emissions
HAMBURG (Reuters) – An owner of a Mercedes BlueTEC diesel car filed a class-action lawsuit in the United States, accusing the carmaker of knowingly programming its Clean Diesel vehicles to emit illegally high levels of nitrogen oxide, according to law …
Mazda recalls more vehicles in Japan, overseas over Takata airbags
TOKYO (Reuters) – Mazda Motor Corp on Friday said it had recalled a total of around 1.9 million vehicles in Japan and abroad over airbags manufactured by Takata Corp , expanding a global recall of potentially faulty airbag inflators.
Big banks see the need to shrink – but face a path full of obstacles
NEW YORK/LONDON (Reuters) – When the U.S. Federal Reserve’s newest policymaker Neel Kashkari dropped a bombshell with a call to break up big banks on Tuesday, it was met with a predictably indignant response from their lobbyists. One described his comm…
Media mogul Redstone victim of ‘undue influence,’ ex-girlfriend says
LOS ANGELES (Reuters) – Media mogul Sumner Redstone was under “undue influence” from people around him when he replaced his designated healthcare agent last fall, his ex-girlfriend argued on Thursday in her lawsuit challenging the elderly billionaire’s…
South Korean prosecutors raid Volkswagen office in emissions probe
SEOUL (Reuters) – South Korean prosecutors on Friday searched the local office of Volkswagen AG and sister firm Audi AG as part of a probe into an emissions case, a spokesman for the German carmakers’ local unit said, confirming media reports.
California high-speed rail’s first leg to connect Central and Silicon valleys
SAN FRANCISCO (Reuters) – California’s ambitious plan for high-speed rail service will become reality within a decade with service between the state’s agricultural Central Valley and high-tech Silicon Valley, state officials announced on Thursday.
Wal-Mart forecasts tepid sales growth; stock slides
(Reuters) – Wal-Mart Stores Inc on Thursday reported a lower quarterly profit and gave a lackluster sales outlook as declining prices for grocery products and sluggish apparel demand took a toll, and its shares fell more than 3 percent.
Japan Aso: G20 to discuss China, oil, U.S. monetary policy
TOKYO (Reuters) – Japanese Finance Minister Taro Aso said on Friday that finance chiefs from the Group of 20 major economies will discuss China’s excess capacity, tumbling oil prices, and U.S. monetary policy when they meet in Shanghai next week.
Exclusive: EU set to clear Dell’s $67 billion deal to buy EMC – sources
BRUSSELS (Reuters) – Dell Inc [DI.UL], the world’s third-biggest maker of computers, is set to gain unconditional EU antitrust approval for its $67 billion bid for data storage company EMC Corp, two people familiar with the matter said on Thursday.
Wall Street falls, snapping three-day rally; Wal-Mart weighs
(Reuters) – Wall Street closed lower on Thursday, ending a three-day winning streak, as Wal-Mart shares dragged on the market after a lackluster earnings report and oil prices pulled back.
