VW’s new e-Golf model priced in U.S. to compete with Nissan Leaf
DETROIT (Reuters) – Volkswagen AG’s entry-level electric car, the e-Golf SE, will be priced about $4,500 lower than VW’s current lowest-priced electric car, the company said on Wednesday.
U.S. cable TV companies’ shares crushed after Disney disappoints
(Reuters) – Nagging investor concerns over viewers cutting the cord on cable television and moving online turned into a rout in the sector’s shares on Wednesday after Walt Disney Co reported a dip in subscribers for its cornerstone sports channel ESPN …
Food scares strip McDonald’s, KFC of treat status in China
SHANGHAI (Reuters) – On birthdays and for special treats, Lu Yuanli would take her son to their local KFC for his favorite meal, fried chicken wings, but the Chinese mother hasn’t been back since a safety scare battered KFC-parent Yum Brands Inc and ri…
How Toshiba delayed a $100 million loss with two words: ‘uncorrected misstatement’
TOKYO (Reuters) – As more details emerge about years of accounts manipulation at Japanese conglomerate Toshiba Corp , corporate governance experts say there needs to be more scrutiny of the role of the company’s auditors.
Lexus plans a second ‘flagship’ model, hints at large SUV
TRAVERSE CITY, Mich. (Reuters) – Toyota Motor Corp’s Lexus brand is planning to launch a second top-of-the-line “flagship” model to accompany a new generation of its LS sedan, the head of the brand’s U.S. operations told Reuters on Wednesday.
Final Madoff defendant sentenced to six months in prison
NEW YORK (Reuters) – Irwin Lipkin, one of Bernard Madoff’s longest-serving employees, was sentenced to six months in prison on Wednesday for falsifying records that helped the imprisoned fraudster carry out his multibillion-dollar Ponzi scheme.
Robust U.S. services sector keeps Fed rate hike in play
WASHINGTON (Reuters) – U.S. private job growth slowed in July, but a surge in services industry activity to a near-decade high suggested solid economic momentum that strengthens the case for a Federal Reserve interest rate hike this year.
Death of Johanna Quandt will not affect Quandt family’s stake in BMW: spokesman
FRANKFURT (Reuters) – The death of Johanna Maria Quandt, head of the family which has a controlling stake in BMW , will not affect the family’s shareholding in the German carmaker, a spokesman said.
U.S. SEC adopts rules mandating disclosure of CEO-worker pay ratios
WASHINGTON (Reuters) – Companies will have to provide investors with a ratio showing how the median pay of their workforce squares with their chief executive officers’ compensation, according to new rules adopted by U.S. securities regulators on Wednes…
Headhunters woo low-cost Venezuela talent amid crisis
CARACAS (Reuters) – Headhunters across Latin America are tapping Venezuela for low-cost professionals as a deepening economic crisis has left many skilled workers earning less money than taxi drivers and waiters.
