california

Volkswagen says it might not resume U.S. sales of diesel vehicles

By David Shepardson WASHINGTON (Reuters) – Volkswagen AG said on Wednesday it has not decided if it will resume selling diesel vehicles in the United States, even if it were allowed to, in the wake of the automaker's emissions cheating scandal. The German automaker has been barred from selling diesel vehicles in the United States since late 2015 after it acknowledged using “defeat devices” to evade U.S. diesel emissions standards. The company is in talks with U.S. regulators but approval to…

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Volkswagen says it might not resume U.S. sales of diesel vehicles

california

Volkswagen says it might not resume U.S. sales of diesel vehicles

By David Shepardson WASHINGTON (Reuters) – Volkswagen AG said on Wednesday it has not decided if it will resume selling diesel vehicles in the United States, even if it were allowed to, in the wake of the automaker's emissions cheating scandal. The German automaker has been barred from selling diesel vehicles in the United States since late 2015 after it acknowledged using “defeat devices” to evade U.S. diesel emissions standards. The company is in talks with U.S. regulators but approval to…

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Volkswagen says it might not resume U.S. sales of diesel vehicles

california

Berkshire is accused in New York lawsuit of workers’ compensation ‘siphoning’

By Jonathan Stempel NEW YORK (Reuters) – Berkshire Hathaway Inc has been sued by a New York bicycle courier company over an alleged illegal scheme to cheat employers buying workers' compensation policies. The complaint, filed late Friday by Breakaway Courier Systems, came as Berkshire's Applied Underwriters unit faces scrutiny over its workers' compensation policies, including some that have been banned by California, Vermont and Wisconsin. Breakaway, with about 300 employees, accused Berkshire and Applied of “siphoning” premiums through a web of illegal shell companies, with …

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Berkshire is accused in New York lawsuit of workers’ compensation ‘siphoning’

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Wells Fargo will pay $190 million to settle customer fraud case

“Wells Fargo reached these agreements consistent with our commitment to customers and in the interest of putting this matter behind us,” the bank said of its settlement with California prosecutors and federal regulators. The Consumer Financial Protection Bureau will receive $100 million of the total penalties – the largest fine ever levied by the agency, which was conceived after the 2008 financial crisis. “Today's action should serve notice to the entire industry that financial incentive programs, if not monitored carefully, carry serious risks that can have serious legal consequences,…

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Wells Fargo will pay $190 million to settle customer fraud case

california

Fed’s Williams says U.S. economy in good shape, wants rate hike

A top Federal Reserve official on Tuesday repeated his call for gradual interest rate hikes, evidently unfazed by a slowdown in U.S. job gains and sluggishness in the services sector that now has traders betting against any rate hike at all this year. It “makes sense …

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Fed’s Williams says U.S. economy in good shape, wants rate hike

california

Tesla wins U.S. antitrust approval to buy SolarCity

Tesla Motors Inc has won U.S. antitrust approval to buy solar panel installer SolarCity Corp , moving closer to its goal of creating a carbon-free energy and transportation company. The Federal Trade Commission said on Thursday that the deal was approved. Tesla said in July after it made its first offer that by acquiring SolarCity the two companies would form a one-stop shop for clean energy, offering consumers solar panels, home battery storage and electric cars under a single brand.

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Tesla wins U.S. antitrust approval to buy SolarCity

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Monte dei Paschi woes add up to large fees for investment banks

By Pamela Barbaglia and Anjuli Davies LONDON (Reuters) – Italy's troubled lenders are offering lucrative opportunities for investment banks, with Monte dei Paschi di Siena set to pay some of the highest fees in Europe this year to arrange its high stakes rescue plan. The emergency …

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Monte dei Paschi woes add up to large fees for investment banks

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U.S. challenge to Anthem-Cigna deal gets new judge

The judge overseeing the U.S. government's bid to stop health insurer Anthem Inc from buying Cigna Corp , who had been seen as favorable for the deal, has relinquished the case. Judge Amy Berman Jackson of the U.S. District Court for the District of Columbia was named to hear the case after Judge John Bates asked that it be reassigned. Jackson was nominated to the bench in 2011 by President Barack Obama, a Democrat.

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U.S. challenge to Anthem-Cigna deal gets new judge

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Unsecured creditors seek quick end to Sports Authority bankruptcy

Unsecured creditors of the bankrupt retailer Sports Authority are seeking to convert the case to a quick liquidation, saying in a Friday court filing the company should not waste its dwindling funds preparing a plan to end its Chapter 11. The Englewood, Colorado-based chain entered Chapter 11 bankruptcy with 464 stores in March and hoped to sell some locations as an ongoing business. The largest U.S. sporting goods retailer, Dick's Sporting Goods Inc , acquired the Sports Authority name and other intellectual property at a June auction.

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Unsecured creditors seek quick end to Sports Authority bankruptcy

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Three U.S. states sue Volkswagen, say executives covered up diesel cheating

By David Shepardson WASHINGTON (Reuters) – Senior executives at Volkswagen AG including its former chief executive covered up evidence that the German automaker had cheated on U.S. diesel emissions tests for years, three U.S. states charged on Tuesday in civil lawsuits against the company. New…

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Three U.S. states sue Volkswagen, say executives covered up diesel cheating

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