At least 30 involved in VW diesel cheat: Spiegel
FRANKFURT/HAMBURG (Reuters) – At least 30 managers were involved in Volkswagen’s emissions test cheating, German magazine Spiegel reported on Wednesday, citing internal and external investigations.
European Commission clears Intel’s $16.7 billion bid for Altera
BRUSSELS (Reuters) – World No. 1 chipmaker Intel Corp gained unconditional EU antitrust approval on Wednesday for its $16.7 billion bid for Altera Corp, its largest ever acquisition.
Bentleys and Bordeaux: Chinese newcomers drive Vancouver’s luxury market
VANCOUVER (Reuters) – At a luxury car dealership in Vancouver, a 19-year-old college student recently traded in his 2014 Ferrari for a 2016 Bentley that cost C$350,000 ($268,446).
Jarden to buy school products maker Jostens for $1.5 billion
(Reuters) – Jarden Corp – owner of Sunbeam kitchen appliances and Coleman outdoor gear – said it would buy Jostens Inc, a maker of class rings and yearbooks, in a deal worth $1.5 billion.
Bosch sees diesel market so far unharmed by Volkswagen scandal
RENNINGEN, Germany (Reuters) – German automotive supplier Robert Bosch [ROBG.UL] has not seen any change so far in the diesel car market as a result of an emissions scandal that has rocked Volkswagen , its chief executive said on Wednesday.
Delta Air beats third-quarter profit estimate, expects unit revenue drop
(Reuters) – Delta Air Lines Inc on Wednesday reported third-quarter profit that topped analysts’ expectations, and it forecast that passenger unit revenue would decline in the fourth quarter year-over-year, although less than it has dropped in the prio…
Oil eases further below $50 on oversupply, China concern
LONDON (Reuters) – Oil eased further below $50 a barrel on Wednesday, falling for a third day, on concern a supply glut will persist and demand slow down as economic growth moderates in No. 2 consumer China.
U.S. stock futures fall on fresh China woes; bank results in focus
(Reuters) – U.S. stock index futures fell slightly on Wednesday as fresh economic data from China caused a selloff in commodities and investors awaited a raft of earnings reports.
A $70 oil floor? Fat chance, but OPEC price plan may be first step
HOUSTON/NEW YORK (Reuters) – The safe money for oil traders is betting that Venezuela’s plan to resurrect OPEC’s old price band mechanism, attempting to set a $70 floor for the battered market, will be doomed from the start.
Toyota targets fuel-cell car sales of 30,000 a year by 2020
TOKYO (Reuters) – Toyota Motor Corp set what it called an ambitious target to sell 30,000 fuel-cell vehicles a year by the end of the decade under a plan to cut carbon emissions nearly to zero by 2050.
