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Alphabet drops most in three years after first quarter but analysts upbeat

(Reuters) – Ruth Porat couldn't have been clearer: Alphabet Inc's chief financial officer said on Thursday that Google's parent needed to step up investment to boost traffic. Analysts agreed. The search giant&#

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Alphabet drops most in three years after first quarter but analysts upbeat

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Bankruptcy judge puts off decision on SunEdison independent examiner

By Jessica DiNapoli NEW YORK (Reuters) – A U.S. bankruptcy judge on Friday put off making a decision on SunEdison Inc's request for an independent examiner at the company's first day in court. The U.S. renewable energy company, which filed for bankruptcy protection on Thursday, did receive approval on Friday to tap some of the $300 …

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Bankruptcy judge puts off decision on SunEdison independent examiner

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Volkswagen takes $18 billion hit over emissions scandal

By Andreas Cremer and Edward Taylor WOLFSBURG/FRANKFURT (Reuters) – Volkswagen (VW) said on Friday it would take a 16.2-billion-euro ($18.2 billion) hit to its 2015 results and slash its dividend to help pay for its emissions-test cheating scandal. The news came amid growing signs a regulatory clampdown in the wake of VW's cheating is affecting the broader industry, with Germany-based automakers including Mercedes-Benz, and Opel – as well as VW – agreeing to recall a total of 630,000 cars to fix diesel engine technology blamed for high pollution. On…

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Volkswagen takes $18 billion hit over emissions scandal

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Jaguar Land Rover plans to cut costs by 4.5 billion pounds: Sunday Times

(Reuters) – British luxury carmaker Jaguar Land Rover (JLR) has launched a secret project to cut costs of 4.5 billion pounds ($6.8 billion) and build 1 million cars per year by the end of the decade, the Sunday

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Jaguar Land Rover plans to cut costs by 4.5 billion pounds: Sunday Times