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U.S. housing starts tumble from nine-year high; permits suggest strength

U.S. homebuilding fell more than expected in November, tumbling from a nine-year high as construction activity declined broadly, the latest sign of slower economic growth in the fourth quarter. Groundbreaking on new housing projects dropped 18.7 percent to a seasonally adjusted annual rate of 1.09 million units, the Commerce Department said. Housing starts data are choppy month-to-month, with much

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U.S. housing starts tumble from nine-year high; permits suggest strength

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Sumner Redstone to step down from Viacom board

Controlling shareholder Sumner Redstone will step down from the Viacom board of directors after the company's annual meeting in February, according to a company filing on Friday. The ailing, 93-year old Redstone, who has not attended an annual investor meeting since 2014, will continue to participate in meetings in a “non-voting” role, according to the filing. It was Redstone's decision to step down, according to a source familiar with the situation, who did not want to be named because discussions were private.

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Sumner Redstone to step down from Viacom board

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U.S. lawmakers say Takata manipulated data to hide airbag problems

By David Shepardson and Paul Lienert WASHINGTON/DETROIT (Reuters) – U.S. lawmakers on Tuesday stepped up pressure on federal regulators and Takata Corp to accelerate the recall of millions of airbag inflators, citing evidence that the Japanese…

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U.S. lawmakers say Takata manipulated data to hide airbag problems

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Airbus Group profits in line, raises A330 output goal

Airbus Group posted 2015 profit in line with forecasts on Wednesday and announced plans to reverse part of a planned production cut of A330 aircraft due to stronger-than-expected demand. Analysts were on average predicting full-year core operating income of 4.114 billion euros on revenue of 64.736 billion,

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Airbus Group profits in line, raises A330 output goal

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Audi tops U.S. Consumer Reports vehicle ratings as Tesla falls

By David Shepardson WASHINGTON (Reuters) – German luxury automaker Audi on Tuesday topped the annual ranking of new vehicles by influential U.S. magazine Consumer Reports despite the brand's emissions-cheating scandal while quality problems hurt Tesla Motors Inc's Model S luxury car. Audi was followed by Fuji Heavy Industries' Subaru unit, Toyota Motor Corp's Lexus brand, Porsche and BMW AG . Volkswagen AG's Audi unit was named best overall brand, based on the magazine's road testing, reliability,

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Audi tops U.S. Consumer Reports vehicle ratings as Tesla falls

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Time Inc explores bid for Yahoo’s core business: source

Time Inc , publisher of Sports Illustrated, People and Time magazines, has been exploring a bid to acquire Yahoo Inc's core Internet business for several weeks, a source familiar with the situation told Reuters on Tuesday. Time Inc has been reaching out to …

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Time Inc explores bid for Yahoo’s core business: source

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VW proposes catalytic converter to fix U.S. test cheating cars – Bild am Sonntag

Volkswagen engineers have come up with a catalytic converter that could be fitted to around 430,000 cars in the United States as a fix for vehicles capable of cheating emissions tests, German daily Bild am Sonntag reported. The converter would be fitted to cars with the first generation…

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VW proposes catalytic converter to fix U.S. test cheating cars – Bild am Sonntag

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Exclusive: Bombardier’s Beaudoin seen stepping down as chairman – source

Pierre Beaudoin is expected to step down as executive chairman of Canada's Bombardier Inc in early 2016, according to a source familiar with discussions about the issue, but the company's chief executive dismissed the report. The source, who was not authorized to speak publicly, said the move was still being discussed and it was not clear who would replace Beaudoin, a member of the family that controls the …

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Exclusive: Bombardier’s Beaudoin seen stepping down as chairman – source

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New York investigating Exxon over climate statements: source

(Reuters) – The New York attorney general has launched an investigation into whether Exxon Mobil Corp misled the public and shareholders about the risks of climate change. Attorney General Eric Schneiderman subpoenaed the company on Wednesday evening, demanding extensive financial records, emails and other documents, a source familiar with the investigation said on Thursday. Exxon on Thursday said it was weighing a response to the subpoena.

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New York investigating Exxon over climate statements: source