“My expectation is that the KBA (Federal Motor Transport Authority) will analyze this report rapidly and comprehensively, and submit possible questions to Volkswagen,” Alexander Dobrindt told reporters in Berlin.“It is important for us that we move very quickly toward a result, a final assessment of the technical issues.
Federal Trade Commission is likely to delay a decision on approving Staples Inc’s (SPLS.3 billion takeover of rival Office Depot Inc (ODP.
government data showing a large crude inventory build surprised traders the day after an industry group had reported a draw.Energy Information Administration (EIA) said domestic crude inventories rose 3.
Credit Suisse’s new chief executive, Tidjane Thiam, is planning to slash its prime brokerage business, according to a Swiss newspaper report in September.Analysts said that even if the prime brokerage business itself is often low margin, it can be a crucial source of stock trading revenue.
NEW YORK (Reuters) - Apple Inc’s antitrust compliance program has improved, but the company continues to impede a court-appointed monitor overseeing the program, acting as “its own worst enemy,” the monitor told a federal judge in a report made public on Tuesday.Michael Bromwich, who was assigned to monitor Apple’s internal antitrust policies after U.
T) have entered discussions to reorganize their capital alliance structure in a bid to water down Paris’s control of the French automaker, the Nikkei business daily reported on Wednesday.The paper said a plan being floated was for Renault to lower its stake in Nissan below 40 percent from the current 43.
exports took a hit from an ailing global economy in August and imports from China surged, fueling the largest expansion of America’s trade deficit in five months.The trade deficit swelled by 15.
Lawmakers in the United States and other TPP countries must approve the deal.Related CoverageJapan's Abe says TPP would have strategic significance if China joinedIn Pacific trade deal, Australia gets bigger U.
WASHINGTON (Reuters) - The Federal Reserve on Monday announced it was extending through Oct 30 the public comment period for an application by U.S.
(Reuters) - American Apparel Inc, known as much for its sexually charged advertising and controversial founder as for its fashion offerings, filed for Chapter 11 bankruptcy protection on Monday.The bankruptcy filing could make American Apparel an attractive acquisition target, Lloyd Greif, chief executive of investment bank Greif & Co, said.
T) a freer hand to buy parts for vehicles sold in the United States from Asia.But the deal would also contain a side agreement between the United States and Japan intended to open the Japanese market to American-made cars.
BERLIN/BRUSSELS (Reuters) - Two weeks after it admitted to cheating diesel emissions tests, Volkswagen provided the first information on Friday allowing customers to find out if their vehicles are affected.Bradley Hoffman, chairman of the American International Automobile Dealers, said Volkswagen had not communicated well “out of the gate”, although he was confident they would ultimately make things right with customers.
“The economy still has room to grow and so do auto sales, particularly now that the millennials are entering the workforce and starting households,” he added.DE) said its September U.
N) is planning to lay off hundreds of people at its headquarters in Arkansas as part of the retail giant’s efforts to pare costs, people familiar with the matter said.News of the impending cuts was reported earlier on Wednesday by the Wall Street Journal.
But I want the company to continue for many more decades,” according to one senior Trafigura executive.Weeks before dying, Dauphin traveled to Nigeria to clinch an oil swaps contract with the new government of President Muhammadu Buhari, according to sources.
SALT LAKE CITY (Reuters) - San Francisco Federal Reserve Bank President John Williams on Thursday renewed his call for an interest-rate hike “sometime later this year,” citing near-full employment and rapidly rising house prices that may be a sign of excessive economic optimism.His prepared remarks in Salt Lake City were nearly identical to those made in Los Angeles on Monday.
NEW YORK (Reuters) - The U.This was a much slower rate from the regional Fed bank’s prior estimate of 1.
Earlier, the NHC had forecast that the storm would hit the New Jersey coast and New York Harbor, home to several oil refineries, pipelines and other energy infrastructure.A Houston-based broker said oil bulls bought crude in early trade as gasoline RBc1 rallied more than 3 percent on the storm fears.
BERLIN (Reuters) - Volkswagen has imposed a hiring freeze at its financing business and cut a shift at a German engine factory as it braces for a hit to business from cheating in diesel emissions tests.Germany’s transport minister says it also manipulated tests in Europe, where Volkswagen sells about 40 percent of its vehicles.
(Reuters) - American Airlines Group Inc (AAL.O) said Wednesday that it agreed to a tentative contract with the association representing its reservations and gate agents that provides for “significant pay raises.