Germany says testing diesel cars of foreign automakers
BERLIN (Reuters) – Germany is subjecting diesel vehicles including those from foreign manufacturers to strict checks, its transport minister said, following Volkswagen’s latest disclosure that it gave false data on CO2 emissions.
Exclusive: Toshiba tries to sell down $7 billion U.S. gas commitment
TOKYO/MILAN (Reuters) – Japan’s Toshiba, struggling with a major accounting scandal, is trying to sell down a $7.4 billion commitment to U.S. liquefied natural gas (LNG), which it signed two years ago as part of a plan to sweeten sales of turbines for …
Nissan joins automakers dropping Takata air bag inflators
TOKYO (Reuters) – Nissan Motor Co said on Saturday it will not use air bag inflators made by Japanese auto parts supplier Takata Corp in its cars.
UAW, Ford reach tentative contract deal, ratification vote next
DETROIT (Reuters) – Ford Motor Co and the United Auto Workers on Friday reached a tentative agreement for a new four-year labor contract, the union and company said.
Valeant investors divided on fate of CEO Pearson
(Reuters) – Large investors holding stock in Valeant Pharmaceuticals International Inc are split over whether to support the embattled drug company’s chief executive or to advocate for new leadership, as the company struggles to recover from a stock pl…
Obama rejects Keystone XL pipeline in win for greens
WASHINGTON (Reuters) – U.S. President Barack Obama on Friday rejected the proposed Keystone XL oil pipeline from Canada in a victory for environmentalists who campaigned against the project for more than seven years.
Surging U.S. job growth lowers bar for Fed rate hike
(Reuters) – Strong growth in the number of U.S. jobs last month bolstered the case for a December interest rate hike by the Federal Reserve, where officials had already begun to worry the economy might eventually overheat without higher borrowing costs…
NY attorney general wields powerful weapon in Exxon climate case
NEW YORK (Reuters) – A near century-old statute that gives New York state prosecutors unusually broad authority to prosecute securities fraud could prove a powerful weapon as Attorney General Eric Schneiderman probes Exxon Mobil Corp over whether the o…
Strong payrolls lift retailer hopes further
NEW YORK (Reuters) – Against the backdrop of a strengthening labor market, retailers are set to report earnings next week and could help the consumer sector regain the leadership lost to technology in the latest market rally.
NSA says how often, not when, it discloses software flaws
SAN FRANCISCO (Reuters) – The U.S. National Security Agency, seeking to rebut accusations that it hoards information about vulnerabilities in computer software, thereby leaving U.S. companies open to cyber attacks, said last week that it tells U.S. tec…
