Bernanke: More execs should have faced prosecution for 2008 crisis – USA Today
WASHINGTON (Reuters) – Former Federal Reserve Chairman Ben Bernanke said in a newspaper interview published on Sunday that more corporate executives should have been prosecuted for their actions leading up to the 2008 financial crisis.
Rolls-Royce to cut 400 marine division jobs: FT
(Reuters) – Rolls-Royce Holdings PLC may announce a reduction of 400 management jobs in its marine division this week, the Financial Times reported, citing people familiar with the matter.
Volkswagen to hold extraordinary board meeting on Wednesday: sources
BERLIN (Reuters) – Volkswagen’s supervisory board will hold an extraordinary meeting on Wednesday at which finance chief Hans Dieter Poetsch is expected to be appointed as new head of the 20-member controlling panel, two sources said on Sunday.
U.S. auto union faces tough road to salvage failed contract
DETROIT/CHICAGO (Reuters) – Mounting discontent among the United Auto Workers rank and file will complicate its leaders’ bid to recover from the defeat of a proposed labor agreement with No. 3 U.S. automaker Fiat Chrysler Automobiles NV, UAW members sa…
Merkel says VW scandal has not hurt Germany’s reputation as good place for business
BERLIN (Reuters) – German Chancellor Angela Merkel told a German radio station that the emissions scandal around German carmaker Volkswagen was “drastic” but the damage was not so great that Germany was no longer deemed a good place to do business.
New chairman sees emissions scandal as threat to VW’s viability: paper
BERLIN (Reuters) – Hans Dieter Poetsch, the incoming chairman of Volkswagen (VW), sees the scandal around the rigging of emissions tests as a threat to the firm’s viability albeit a surmountable one, a newspaper quoted him as saying.
U.S. auto union, Ford avert strike at pickup factory
DETROIT (Reuters) – The United Auto Workers union and Ford Motor Co. said they have averted a strike at a factory in Kansas City, Mo. that builds the company’s best-selling F-150 pickup trucks.
New chairman sees emissions scandal as threat to VW’s viability: paper
BERLIN (Reuters) – Hans Dieter Poetsch, the incoming chairman of Volkswagen (VW), sees the scandal around the rigging of emissions tests as a threat to the firm’s viability albeit a surmountable one, a newspaper quoted him as saying.
Investors brace for stocks to fall again ahead of earnings
NEW YORK (Reuters) – The global market volatility of the past month that sent U.S. stocks to their worst quarter in four years shows no signs of letting up just because the calendar turned to October.
Pacific Rim nations close in on a landmark trade deal
ATLANTA (Reuters) – Pacific trade ministers are optimistic of closing a sweeping Pacific Rim trade deal after progress on Friday on hurdles involving autos, dairy products and intellectual property protections for expensive biologic drugs.
