Boehner resignation cuts U.S. government shutdown risk
NEW YORK (Reuters) – The shock resignation of U.S. House Speaker John Boehner and his comments on Sunday that Congress will avoid a government shutdown this week potentially remove one source of investor anxiety as Wall Street gears up for a week heavy…
VW staff, supplier warned of emissions test cheating years ago: reports
BERLIN/ROME (Reuters) – Volkswagen’s own staff and one of its suppliers warned years ago about software designed to thwart emissions tests, two German newspapers reported on Sunday, as the automaker tries to uncover whether its executives knew about th…
Strategies in the spotlight for trio of new European bank CEOs
LONDON (Reuters) – Thousands of jobs cuts, business closures and billions of euros of capital raising are all on the cards as the new bosses of three of Europe’s biggest banks respond to pressure to devise new strategies to revive them.
Sprint says will sit out of 2016 airwaves auction
NEW YORK (Reuters) – Sprint Corp will not join the U.S. government’s auction of airwaves set for early 2016, as it has adequate airwaves to currently build out its network and for its future needs, the company said on Saturday.
VW scandal exposes cozy ties between industry and Berlin
BERLIN (Reuters) – Angela Merkel learned early in her political career that taking on the German car industry carries risks.
Volkswagen picks company veteran to tackle emissions crisis
WOLFSBURG, Germany (Reuters) – Volkswagen named company veteran Matthias Mueller as its chief executive on Friday as the German carmaker struggles to get to grips with a crisis over rigged diesel emission tests that its chairman called “a moral and pol…
S&P 500 ends flat as biotech selloff offsets Yellen comments
(Reuters) – The S&P 500 erased an early Fed-driven rally to close down slightly on Friday, as a selloff in biotechs offset gains in banking shares.
Wall Street braces for grim third quarter earnings season
NEW YORK (Reuters) – Wall Street is bracing for a grim earnings season, with little improvement expected anytime soon.
Volkswagen picks company veteran to tackle emissions crisis
WOLFSBURG, Germany (Reuters) – Volkswagen named company veteran Matthias Mueller as its chief executive on Friday as the German carmaker struggles to get to grips with a crisis over rigged diesel emission tests that its chairman called “a moral and pol…
Autonomy’s Lynch says report shows HP not hoodwinked on $11 billion deal
LONDON (Reuters) – Hewlett-Packard Co was made aware of practices at Autonomy, including hardware sales and growth rates boosted by different accounting rules, before it bought the firm for $11 billion in an ill-fated deal, according to founder Mike Ly…
