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U.S. agency concerned about destroyed, lost phones in VW probe
A U.S. agency involved in settlement talks with Volkswagen AG over its diesel emissions scandal has raised concerns about nearly two dozen mobile phones destroyed or lost by the German carmaker. The Federal Trade Commission said in… Read the original: U.S. agency concerned about destroyed, lost phones in VW probe Read More →
Murdoch’s new Sky bid should be probed, UK opposition politicians say
Rupert Murdoch's new takeover approach for British pay-TV firm Sky should be investigated by the UK's competition authorities, according to opposition politicians, though analysts said a deal should be easier to get through this time round. Liberal Democrat Vince Cable, who was Britain's business secretary at the time of Murdoch's first bid in 2010-11 told BBC radio the media tycoon's... [Read more]
DuPont CEO Breen says Trump win unlikely to impact Dow deal
Executives and dealmakers are looking for signs of whether the incoming Trump administration will take a traditional Republican approach to major mergers and treat them with a lighter touch. Breen said he does not expect Trump's rhetoric would make the president-elect's administration See the rest here: DuPont CEO Breen says Trump win unlikely to impact Dow deal Read More →
Japan nearly doubles Fukushima disaster-related cost to $188 billion
Japan's Ministry of Economy, Trade and Industry (METI) said on Friday it has nearly doubled its projections for costs related to the Fukushima nuclear disaster, including decommissioning and compensation, to 21.5 trillion yen ($188.40 billion). Subsequent explosions released massive amounts of radiation, forcing the evacuation of 160,000 people from areas around the plant. See the rest here: Japan... [Read more]
Saudi Arabia tells oil buyers of cuts after OPEC deal, PIRA says
NEW YORK (Reuters) – Saudi Arabia is informing its customers of cuts to their January crude oil supplies to comply with the latest OPEC agreement, according to a PIRA note late on Thursday. The note adds that cuts will be to varying degrees, but is likely to View post: Saudi Arabia tells oil buyers of cuts after OPEC deal, PIRA says Read More →
U.S. presidential commission issues recommendations on cyber security
The U.S. government and the private sector must cooperate to improve the security of digital networks, a U.S. presidential commission on cyber security recommended in a wide-ranging report issued on Friday. The commission created by President Barack Obama earlier this year also recommended that the president and Congress accelerate the pace at which technology is updated in the federal sector and... [Read more]
Deutsche Bank cuts ties with 3,400 clients in trading business
Deutsche Bank's Global Markets division will cut ties with about 3,400 clients in its debt and equities sales activities, the bank said on Friday. Deutsche Bank will immediately cease debt sales services to some financial institutions and hedge funds as well as equity sales activities, the execution of equities trading orders and equity structuring activities for some clients, a spokesman said,... [Read more]
November U.S. auto sales seen rising about 4 percent by analysts
DETROIT (Reuters) – Hefty consumer discounts during a robust Black Friday weekend helped boost November U.S. auto sales between 4 percent and 5 percent, which could catapult results this year above a record high in 2015, economists and industry analysts said. Read more here: November U.S. auto sales seen rising about 4 percent by analysts Read More →
Jobless claims rise to five-month high
WASHINGTON, Dec 1 (Reuters) – – The number of Americans filing for unemployment benefits rose more than expected last week, hitting their highest level in five months, but the underlying trend remained consistent with a strengthening labor market. Initial claims for state unemployment benefits increased 17,000 to a seasonally adjusted 268,000 for the week ended Nov. 26, the Labor Department... [Read more]
U.S. judge delays court hearing on Volkswagen 3.0-liter diesels
U.S. District Judge Charles Breyer on Tuesday delayed a court hearing set for Wednesday on Volkswagen AG's plan to address 80,000 polluting Audi, Porsche and VW 3.0-liter vehicles. Reuters reported on Nov. 15 that VW had reached an agreement with U.S. regulators for a mix of buybacks and fixes for the 80,000 vehicles, but still needed to reach agreement on other issues including compensation... [Read more]