Volkswagen to refit cars affected by emissions scandal
BERLIN (Reuters) – Volkswagen said on Tuesday it will repair up to 11 million vehicles and overhaul its namesake brand following the scandal over its rigging of emissions tests.
Hudson’s Bay cutting 265 jobs, streamlining in North America
TORONTO (Reuters) – Hudson’s Bay Co plans to eliminate 265 corporate jobs, mostly in the United States, and cut costs to save C$75 million ($55.86 million) as it streamlines its North American operations, the department store operator said on Tuesday.
Lockheed-Boeing launch venture wins $882 million U.S. contract
WASHINGTON (Reuters) – United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co , has won an $882 million contract to continue launching satellites for the U.S. Air Force with its Delta IV and Atlas V rockets, the Pentagon said Tue…
AT&T expects 2 million net wireless subscriber adds in third-quarter
(Reuters) – AT&T Inc , the No. 2 U.S. wireless carrier, said it expects to report more than 2 million net subscriber additions for the third quarter, with gains in every category including postpaid and prepaid.
Brown-Forman seeks to sell Southern Comfort, Chambord: sources
NEW YORK/LONDON (Reuters) – Brown-Forman Corp , the maker of Jack Daniel’s whiskey, has hired Goldman Sachs Group Inc to explore the sale of brands that include liqueur labels Southern Comfort and Chambord, according to people familiar with the matter….
U.S. biotech bloodbath hits hedge funds but some bargains emerge
(Reuters) – A seven-day selloff of U.S. biotechnology stocks has hit sector investors – especially hedge funds – hard. But some managers say it was overdone and are already eyeing bargains such as Gilead Sciences Inc and Amgen Inc .
Grand Central owner sues NY City for $1.13 billion over air rights
NEW YORK (Reuters) – The owner of Grand Central Terminal has filed a $1.13 billion lawsuit accusing New York City of effectively taking away his air rights over the landmark train station by letting the developer SL Green Realty Corp build a giant skys…
Fiat Chrysler faces safety data issues months after record U.S. fine
WASHINGTON (Reuters) – Two months after receiving a record $105 million fine for lapses in U.S. auto safety recalls, Fiat Chrysler Automobiles NV faces new problems over lax safety reports that could lead to additional financial penalties for the Itali…
General Electric sees digital revenue tripling to $15 billion by 2020
(Reuters) – General Electric Co expects its software revenue to roughly triple to $15 billion by 2020 as it reaps significant gains from its digital operations, the U.S. industrial conglomerate said on Tuesday.
Consumer confidence rises in September
(Reuters) – U.S. consumer confidence rose and was higher than expected in September, according to a private sector report released on Tuesday.
