NEW YORK (Reuters) - At least two dozen civil lawsuits accusing Volkswagen of misleading customers by designing some diesel models to cheat on U.emissions tests should be sent to California federal court, a lawyer in one such case said in a motion filed Wednesday.
HONG KONG (Reuters) - Clothing retailer Esprit Holdings Ltd (0330.45 million) for the year ended June 30, compared with a profit of HK$210 million a year earlier.
L) Zambian unit Mopani Copper Mines (MCM) has notified the government that it plans to lay off more than 3,800 workers due to lower metal prices and high production costs, government sources said.“They now have to wait for the labor commissioner’s opinion.
regulators measuring toxic emissions in some of its diesel cars in France, described the matter as one of “particularly irresponsible fraud”.“We will be extremely thorough, extremely severe,” she told reporters as she left a regular French government meeting in Paris.
For many who bought BP shares shortly after news of the Gulf of Mexico oil spill broke in April 2010, it’s a case of ‘once bitten, twice shy’.So with Volkswagen, I would suggest going short and selling every time Volkswagen rallies,” said Beaufort Securities’ sales trader Basil Petrides.
She claimed she was fired in 2013 after conducting inquiries into spending by Liveris; Dow says her job was eliminated and she voluntarily sought a retirement package.Among the events Wood examined were Super Bowl weekends the CEO held with “family and friends” in 2008, 2009 and 2010.
N) will likely keep a stake in Danish utility DONG Energy after shares in the company are listed in the next 18 months, Michael Spect Bruun, a partner of the investment bank, was quoted saying by newspaper Borsen on Tuesday.Spect Bruun told Borsen that Goldman is a long-term investor in DONG, Europe’s largest offshore wind farm developer.
NEW YORK (Reuters) - The scandal engulfing Volkswagen has spilled into the precious metals market, reflecting growing fears of a consumer shift away from the diesel engines that account for almost a half of the world’s platinum demand.Last year, 9 million diesel cars were sold in Europe, about 45 percent of total auto sales for the region, according to GFMS.
S senator on Tuesday asked the Federal Trade Commission to investigate marketing claims of “clean” diesel engines made by Volkswagen AG (VOWG_p.Environmental Protection Agency along with the California Clean Air Board on Friday said VW rigged software in its small diesel cars to fool regulators checking amounts of toxic fumes the cars emitted.
PARIS (Reuters) - French state-controlled utility EDF (EDF.He said EDF would remain in its key markets of France, Britain and Italy, but wanted to build up its international operations.
LONDON (Reuters) - Drugmaker AstraZeneca is harnessing the wisdom of crowds to help mix tomorrow’s cancer drug cocktails.The company said on Tuesday its decision to release preclinical data from more than 50 of its medicines was unprecedented in scale and would help accelerate the hunt for synergistic tumor-fighting drug combinations.
ARMONK, NY (Reuters) - An interest rate hike will likely be appropriate this year given the U.Federal Reserve’s decision last week to stand pat was a “close call,” a top Fed policymaker said on Saturday.
HELSINKI (Reuters) - Global economic uncertainties might have impacted the timing of a U.interest rate rise but the market continues to expect the Fed to act, European Central Bank council member Erkki Liikanen said on Saturday.
(Reuters) - Washington’s inaction on the debt ceiling crisis, government shutdowns and immigration have slowed America’s economic growth, JPMorgan Chase & Co Chief Executive Jamie Dimon told NBC News’ “Meet the Press” in an interview to be broadcast on Sunday.“If we want people in Washington to collaborate, let’s elect people who are going to collaborate,” he told moderator Chuck Todd.
TOKYO (Reuters) - Japan’s Mitsubishi Motors Corp has started preparing for the closure of its sole U.The 900 hourly workers at the Normal, Illinois plant are the only ones at a Japanese-owned U.
The three major stock indexes each fell more than 1 percent, with all 30 Dow components in the red.Despite recent declines, the benchmark S&P 500 is still trading around 15.
Fast Lane, his three-location car-wash chain in Puerto Rico, has laid off about half the 106 employees it had in 2007.Alberto Bacó Bagué, secretary of Puerto Rico’s Department of Economic and Commercial Development, said he wants to hear business owners’ concerns.
L largest shareholder, Altria Group Inc (MO.N), before making a takeover approach, Bloomberg reported.
N) said it plans to expand roaming to Cuba but did not offer a set time frame or any additional details.A company spokeswoman told Reuters the phone carrier would be expanding to Cuba “soon” after the U.