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German‎ watchdog suspected VW scam on CO2 emissions: report

Germany's motor industry watchdog raised suspicions Volkswagen was using prototype vehicles to lower carbon dioxide (CO2) emissions in tests in 2015 soon after VW's manipulation of diesel emissions tests was uncovered, the Berliner Zeitung newspaper reported on Saturday. It quoted the Federal Motor Transport Authority (KBA) as telling VW in a November 2015 email it would choose test models randomly and appoint new external experts to carry out testing because of doubts about…

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German‎ watchdog suspected VW scam on CO2 emissions: report

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Morgan Stanley CEO James Gorman’s 2016 pay up 7 pct to $22.5 million

Gorman will receive $22.5 million in total compensation, up from $21 million in 2015, spokesman Mark Lake said in an email. Gorman received a $5 million stock bonus for his performance in 2016, an 8 percent increase from 2015, according to a filing with the U.S. Securities and Exchange Commission. The filing did not provide greater detail on Gorman's total 2016 compensation.

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Morgan Stanley CEO James Gorman’s 2016 pay up 7 pct to $22.5 million

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Samsung chief questioned behind closed doors in arrest warrant hearing

A South Korean judge questioned Samsung Group leader Jay Y. Lee behind closed doors on Wednesday to decide whether he should be arrested over his alleged role in a corruption scandal that led parliament to impeach President Park Geun-hye. Lee, 48, in dark overcoat and purple necktie, did …

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Samsung chief questioned behind closed doors in arrest warrant hearing

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Brainard joins Fed chorus warning about fiscal stimulus risks

A leading Federal Reserve proponent of low interest rates said on Tuesday the U.S. central bank might hike rates more aggressively if deficit spending under the Trump administration produced a quick economic boost. “If fiscal policy changes lead to a more rapid elimination of slack, policy adjustment would, all else being equal, likely be more rapid,” Fed Governor Lael Brainard said at an event…

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Brainard joins Fed chorus warning about fiscal stimulus risks

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Wal-Mart, General Motors reaffirm jobs long planned, Trump says thanks

Wal-Mart will add 10,000 jobs this year while GM announced $1 billion in investment that would create 1,500 U.S. jobs. Trump, who takes office on Friday, has repeatedly singled out and criticized U.S. companies across industries for not doing more to keep jobs in the United States and has put pressure on them to hire more U.S. workers.

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Wal-Mart, General Motors reaffirm jobs long planned, Trump says thanks

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BAT agrees to buy Reynolds for $49 billion

By Paul Sandle LONDON (Reuters) – British American Tobacco has agreed a $49.4 billion takeover of U.S. rival Reynolds American Inc , creating the world's biggest listed tobacco company after it increased an earlier offer by more than $2 billion. BAT, which already owned 42 percent of Reynolds, will pay $29.44 in cash and 0.5260 BAT shares for each Reynolds share, it said, a 26 percent premium over the price of the stock on Oct. 20, the day before BAT's first offer was made public. Reynolds, the maker of Camel and …

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BAT agrees to buy Reynolds for $49 billion

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Oil ticks up on weaker dollar, U.S. production outlook caps gains

Oil prices edged higher on Wednesday with a weaker dollar underpinning the market, although gains were limited by expectations that U.S. producers would boost output. U.S. West Texas Intermediate (WTI) crude oil futures were trading up 16 cents at $52.64 per barrel at 0214 GMT. Brent crude futures, the international benchmark for oil prices, were up 21 cents $55.68 a barrel.

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Oil ticks up on weaker dollar, U.S. production outlook caps gains

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Google shows improved self-driving system in Chrysler Pacifica

By Alexandria Sage and Paul Lienert DETROIT (Reuters) – Google unveiled its latest self-driving system in a Chrysler Pacifica minivan during a Sunday preview ahead of the Detroit auto show, saying the technology is more reliable and affordable. The announcement came from John Krafcik, head of Google's Waymo unit, whose search for partners to…

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Google shows improved self-driving system in Chrysler Pacifica

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Amazon calls 2016 holiday season its best ever; shares rise

(Reuters) – Amazon.com Inc said it shipped more than 1 billion items worldwide this holiday season, which the top online retailer called its best ever, and its shares rose 1.6 percent in afternoon trade. The Amazon Echo home assistant and its smaller version, Echo Dot, topped the best-sellers list, said Jeff Wilke, chief executive of Amazon's worldwide consumer division, in a press release. Sales of voice-controlled

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Amazon calls 2016 holiday season its best ever; shares rise

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Delta to cancel order for 18 Boeing 787 Dreamliner aircraft

Delta, in its statement, did not disclose specific terms of the agreement. Delta declined to comment beyond its statement. The cancellation comes as Delta and other top U.S. airlines seek to slow flight capacity growth and in some instances shrink existing service in response to falling airfares.

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Delta to cancel order for 18 Boeing 787 Dreamliner aircraft

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