Exclusive: VW recall letters in April warned of an emissions glitch
SAN FRANCISCO (Reuters) – In April of 2015, Volkswagen of America, Inc. sent letters to California owners of diesel-powered Audis and Volkswagens informing them of an “emissions service action” affecting the vehicles.
Stocks slip for fifth straight day, euro holds steady
LONDON (Reuters) – World shares fell for the fifth day running on Thursday, sliding back towards two-year lows on growing unease about global growth, while emerging markets continued to gnaw at investor confidence.
Toshiba in white goods deal with China’s Skyworth; Skyworth shares jump
TOKYO (Reuters) – Toshiba Corp said it would sell stakes of 5 percent each in two white goods manufacturing units to China’s Skyworth Digital Holdings – a move that comes amid a revamp of its operations in the wake of a $1.3 billion accounting scandal….
Cisco joins flurry of U.S.-China tech partnerships
BEIJING (Reuters) – Cisco Systems Inc said Thursday it would form a joint-venture with Chinese server maker Inspur to sell networking and cloud computing products in China, where the Silicon Valley firm faces political pressure and declining sales.
Exclusive: Wal-Mart presses suppliers to share benefits of cheaper yuan
CHICAGO (Reuters) – Wal-Mart Stores Inc is seeking price cuts from suppliers that produce goods in China, saying the retailer should share in the savings generated by China’s devaluation of the yuan, people with knowledge of the matter said.
Volkswagen boss quits over diesel emissions scandal
BERLIN (Reuters) – Volkswagen Chief Executive Martin Winterkorn resigned on Wednesday, succumbing to pressure for change at the German carmaker, which is reeling from the admission that it deceived U.S. regulators about how much its diesel cars pollute…
Volkswagen could pose bigger threat to German economy than Greek crisis
BERLIN (Reuters) – The Volkswagen emissions scandal has rocked Germany’s business and political establishment and analysts warn the crisis at the car maker could develop into the biggest threat to Europe’s largest economy.
Wall Street ends lower as factory data adds to growth worries
(Reuters) – U.S. stocks ended down slightly on Wednesday, led by losses in materials and energy shares as weak Chinese and U.S. factory data added to growth worries.
Exclusive: Wal-Mart presses suppliers to share benefits of cheaper yuan
CHICAGO (Reuters) – Wal-Mart Stores Inc is seeking price cuts from suppliers that produce goods in China, saying the retailer should share in the savings generated by China’s devaluation of the yuan, people with knowledge of the matter said.
Boeing wins $38 billion in orders, commitments from China
SEATTLE (Reuters) – Boeing Co said on Wednesday it had won orders and commitments from China for 250 narrowbody 737 aircraft and 50 widebody aircraft, valued at about $38 billion at list prices.
