Volkswagen says eight million cars in EU affected by cheat software: letter
BERLIN (Reuters) – Volkswagen said 8 million diesel vehicles in the European Union were fitted with software capable of cheating vehicle emissions tests, according to a copy of the letter sent to German lawmakers and seen by Reuters.
Shell CEO sees first signs of oil price recovery
LONDON (Reuters) – Oil markets are beginning to recover but the scale of global oversupply means prices may rise only slowly, the chief executive of Royal Dutch Shell Plc said on Tuesday.
Air France fracas makes mockery of France, no to nationalization: minister
PARIS (Reuters) – Air France is in a fragile financial condition but its renationalization is not on the agenda, Transport Minister Alain Vidalies said on Tuesday, a day after violence by employees interrupted a meeting about drastic cost cuts.
Historic Pacific trade deal faces skeptics in U.S. Congress
ATLANTA (Reuters) – Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 percent of the world’s economy in a deal that faces skepticism from U.S. lawmakers.
Mercedes-Benz September sales lifted by 53 percent jump in China
FRANKFURT (Reuters) – Daimler’s Mercedes-Benz luxury division increased deliveries by 15.8 percent in September to a record 188,444 cars, buoyed by a 53 percent jump in deliveries in China.
Wall St banks feel equities fee pinch as Chinese competition bites
HONG KONG (Reuters) – Despite record deal volumes this year, Wall Street banks are earning less when helping companies raise equity in Asia as Chinese rivals increasingly eat away their margins, a Thomson Reuters quarterly survey of investment banking …
Samsung Electronics struggles to find fix for smartphone woes
SEOUL (Reuters) – More than a year into the overhaul of its smartphone lineup, Samsung Electronics Co Ltd has yet to find a way to reverse a slide in market share or margins, clouding its growth outlook and fuelling investor impatience.
VW has no evidence against suspended top engineers: source
BERLIN (Reuters) – Volkswagen has not found any evidence against three top engineers suspended as part of its internal investigation into the rigging of U.S. emissions tests, a source close to the company’s supervisory board told Reuters on Monday.
DuPont CEO Kullman steps down; veteran executive Breen named interim CEO
(Reuters) – DuPont Chief Executive Officer Ellen Kullman is stepping down this month and will be replaced temporarily by board member and veteran U.S. executive Edward Breen, who oversaw the break-up of conglomerate Tyco International Plc .
Twitter appoints Jack Dorsey CEO, seeks new chairman
(Reuters) – Twitter Inc named Jack Dorsey as its permanent CEO but said it would look elsewhere for a chairman, seeking to allay concerns about its co-founder’s dual role as head of the mobile payments company Square.
