Volkswagen’s diesel tax breaks could be a focus for U.S. prosecutors
WASHINGTON (Reuters) – Volkswagen’s push to secure tax breaks that kick-started a market for its new diesel cars could now help U.S. investigators build a case against the automaker for deceiving the government about their emissions, lawyers said.
Raytheon says new U.S. civilian cyber contract worth about $1 billion
WASHINGTON (Reuters) – Raytheon Co on Monday said a new five-year contract it won from the U.S. Department of Homeland Security to help more than 100 civilian agencies manage their computer security could be worth $1 billion, a key win for the company….
JetBlue expands U.S.-Cuba service ahead of expected travel opening
HAVANA (Reuters) – JetBlue will add a second charter flight from New York’s John F. Kennedy airport to Havana, expanding charter service ahead of an expected opening of commercial air travel between the two countries, the company said on Monday.
Germany investigates VW’s ex-boss over fraud allegations
BERLIN (Reuters) – German prosecutors launched an investigation on Monday into fraud allegations against former Volkswagen boss Martin Winterkorn, showing their determination to get quickly to the bottom of a scandal over rigged emissions tests that ha…
Oil down nearly 3 percent on Wall Street, China; Cushing draw limits loss
NEW YORK (Reuters) – Oil prices fell nearly 3 percent on Monday, pressured by tumbling equities on Wall Street and weak Chinese economic data, although an estimated drawdown in crude stocks at the key U.S. storage hub appeared to limit losses, traders …
Alcoa to split into two as aluminum glut batters legacy business
CHICAGO (Reuters) – Alcoa Inc said Monday it will break itself in two, separating a faster growing plane and car parts business from traditional aluminum smelting operations as shareholders seek higher returns amid a commodity slump.
Airbus supersalesman Leahy pushes back talk of retirement
PARIS (Reuters) – Airbus sales chief John Leahy, on whose watch the European planemaker has sold planes worth a trillion dollars, is set to remain in his post, pushing aside earlier talk of retirement, two people with knowledge of the decision said.
Whole Foods Market to cut about 1,500 jobs
(Reuters) – Upscale food market operator Whole Foods Market Inc said it would cut about 1,500 jobs, or about 1.6 percent of its workforce as it works to bring down costs.
Comcast buys majority stake in Universal Studios Japan for $1.5 billion
OSAKA (Reuters) – Comcast Corp said it will buy a majority stake in Universal Studios Japan for $1.5 billion, its biggest investment outside the United States and part of an aggressive expansion of its theme park business globally.
Burger King France in talks to buy Quick
LONDON (Reuters) – Burger King France’s majority shareholder Groupe Bertrand has started exclusive negotiations to buy French chain Quick, a deal that would make it the second biggest fast food restaurant in France, behind market leader McDonald’s .
