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France’s Danone to buy WhiteWave to boost U.S. business

July 7, 2016 by · Leave a Comment 

France's Danone said on Thursday it would double the size of its U.S. business by buying organic foods producer WhiteWave Foods Co for $10.4 billion in its largest acquisition since 2007. The purchase will help Danone pursue affluent consumers by adding WhiteWave's popular health food offerings such as Silk almond milk, Earthbound Farm organic salad and Horizon organic milk to its lineup as it struggles in more challenging markets such as…

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France’s Danone to buy WhiteWave to boost U.S. business

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Laptop in wreckage of Tesla Autopilot car: Florida investigators

July 7, 2016 by · Leave a Comment 

Neither the laptop nor a DVD player also found in the vehicle was running after the crash, said Sergeant Kim Montes of the Florida Highway Patrol. Montes said investigators could not determine whether the driver was operating either at the time of the accident.

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Laptop in wreckage of Tesla Autopilot car: Florida investigators

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Volkswagen to pay $86 million in penalties to California over emissions

July 7, 2016 by · Leave a Comment 

By Alex Dobuzinskis LOS ANGELES (Reuters) – Volkswagen AG will pay an additional $86 million in penalties to California over its emissions scandal, on top of a settlement of about $15 billion the automaker reached with U.S. officials last week, state Attorney General Kamala Harris said in a statement on Thursday. The scandal has disrupted Volkswagen's global business and sullied its reputation. The office of Harris, a Democrat, said the $86 million in …

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Volkswagen to pay $86 million in penalties to California over emissions

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Facebook faces U.S. tax exam over Ireland asset tranfer: lawsuit

July 7, 2016 by · Leave a Comment 

(Reuters) – The U.S. Internal Revenue Service is examining Facebook Inc in connection with its transfer of various rights associated with its worldwide business to a holding company in Ireland, according to court papers. The U.S. Justice Department filed a lawsuit on Wednesday in federal court in San Francisco seeking to enforce IRS summonses served on Facebook and force the company to produce various documents as part of the agency's examination. (Reporting by Nate Raymond in New York; Editing

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Facebook faces U.S. tax exam over Ireland asset tranfer: lawsuit

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Jobless claims, hiring data brighten U.S. labor market view

July 7, 2016 by · Leave a Comment 

U.S. private payrolls increased more than expected in June as small businesses ramped up hiring, and fewer Americans applied for unemployment benefits last week, suggesting a rebound in job growth after May's paltry gains. Thursday's reports underscored the economy's strength and supported views that the United States would weather the impact of last month's British referendum to leave the European Union. “The labor market does not seem to be faltering.

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Jobless claims, hiring data brighten U.S. labor market view