VW struggling to agree fix for U.S. test cheating cars: source
BERLIN/WASHINGTON (Reuters) – Volkswagen is struggling to agree with U.S. authorities a fix for vehicles capable of cheating emissions tests, a VW source said on Tuesday, showing how relations between the two sides remain strained four months after the…
AT&T steps up ‘smart cities’ push, to offer more services
NEW YORK (Reuters) – AT&T Inc will expand its smart city services to help municipal authorities remotely monitor conditions of roads and bridges in real time and give citizens mobile apps to stay informed about things like traffic and safety problems, the company said on Tuesday.
JPMorgan fined $48 million for failures in U.S. robo-signing settlement
WASHINGTON (Reuters) – JPMorgan Chase has been fined $48 million for failing to meet terms of a settlement to resolve mortgage servicing violations, U.S. bank regulators said on Tuesday.
Oil slides toward 11-year low as traders shrug off Mideast tensions
NEW YORK (Reuters) – Oil prices fell about 2 percent towards its 11-year low on Tuesday, as traders shrugged off growing tensions between two of the world’s biggest oil producers, and focused instead on a stronger U.S. dollar and swelling U.S. crude in…
Some Yahoo investors want to sell Internet business even if it triggers big tax bill
(Reuters) – Several major Yahoo Inc shareholders are so concerned the company’s core Internet business could fall in value that they want it sold as soon as possible.
Spirit Airlines appoints new CEO; shares soar
(Reuters) – Spirit Airlines Inc on Tuesday named board member Robert Fornaro as chief executive officer, sending its shares up nearly 7 percent.
Volkswagen faces billions in fines as U.S. sues for environmental violations
WASHINGTON/FRANKFURT (Reuters) – The U.S. Justice Department has sued Volkswagen for up to $90 billion for allegedly violating environmental laws – five times regulators’ initial estimate and a reminder of the carmaker’s problems nearly four months aft…
China battles to shore up stocks, yuan after globe-shaking slide
SHANGHAI (Reuters) – China struggled to shore up shaky sentiment on Tuesday a day after its stock indexes and yuan currency tumbled, rattling markets worldwide, but analysts warned investors to buckle up for more wild price swings in the months ahead.
German politicians fear hefty U.S. fine could hit Volkswagen jobs
BERLIN (Reuters) – A U.S. lawsuit against Volkswagen has sparked concern among German politicians that a multi-billion-dollar fine could endanger jobs at the country’s biggest carmaker.
Ackman’s Pershing Square Holdings ends 2015 down 20.5 percent
BOSTON (Reuters) – Billionaire investor William Ackman’s Pershing Square Holdings hedge fund ended 2015 with a 20.5 percent loss after Valeant Pharmaceuticals, a top holding, has battered in the second half of the year.
