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Volkswagen, Justice Dept. nearing $3 billion deal to resolve diesel allegations

By David Shepardson and Joel Schectman WASHINGTON (Reuters) – Volkswagen AG and the U.S. Justice Department are nearing an agreement to resolve the government's civil and criminal investigations that would require the German automaker to pay a penalty of more than $3 billion, sources briefed on the talks said on Friday. Volkswagen is also expected to face oversight by an outside…

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Volkswagen, Justice Dept. nearing $3 billion deal to resolve diesel allegations

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NY Fed, Bangladesh Bank meeting on heist postponed: sources

A meeting between Bangladesh central bank officials and the New York Federal Reserve scheduled for this week to speed up efforts to recover $81 million stolen from Bangladesh Bank's account at the Fed has been postponed, officials in Dhaka said. A four-member Bangladesh Bank team headed by deputy governor Mohammad Razee Hassan, who also heads …

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NY Fed, Bangladesh Bank meeting on heist postponed: sources

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IKEA to recall 1.7 million chests, dressers in China: watchdog

Swedish furniture company IKEA Group [IKEA.UL] said it would recall 1.66 million chests and dressers in China over concerns the drawers could pose a danger to children if not properly fixed to walls, China's safety regulator said on Tuesday. The recall covers MALM chests or dressers manufactured from 1999 to 2016, China's General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said in a statement posted on …

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IKEA to recall 1.7 million chests, dressers in China: watchdog

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Exclusive: Japan government to cut inflation forecasts, gloomier on outlook than BOJ

Japan's government is expected to cut its consumer inflation forecast for the current fiscal year and produce an estimate for fiscal 2017 that is much lower than the central bank's 2 percent target, government sources told Reuters on Tuesday. In draft forecasts to be finalised on Wednesday, the…

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Exclusive: Japan government to cut inflation forecasts, gloomier on outlook than BOJ

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Bayer waiting for Monsanto to engage after spurned bid: sources

Bayer, however, has no plans to increase its offer without first reviewing Monsanto's confidential information, the sources said on condition of anonymity because of the confidentiality of the talks. The Leverkusen-based company needs access to Monsanto's books before it can decide whether it can pay

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Bayer waiting for Monsanto to engage after spurned bid: sources

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Exclusive: Amazon is preparing to launch streaming music service – sources

By Julia Love SAN FRANCISCO (Reuters) – Amazon.com Inc is preparing to launch a standalone music streaming subscription service, placing it squarely in competition with rival offerings from Apple Inc and Spotify, according to two people with knowledge of the matter. Amazon is finalizing licenses with labels for the service, which likely will be launched in late summer or early fall, the sources said. Amazon, which …

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Exclusive: Amazon is preparing to launch streaming music service – sources

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Exclusive: Redstone’s NAI talking to bankers about options for Paramount – sources

Sumner Redstone's National Amusements Inc is consulting investment bankers about strategic options for Viacom Inc's Paramount Pictures, including a possible stake sale, sources familiar with the situation said on Friday. National Amusements, which controls 80 percent of the voting shares of Viacom, is also keen to extract more value from the film studio's real estate holdings in Los Angeles, said the sources, who spoke on condition of anonymity. It is unclear what

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Exclusive: Redstone’s NAI talking to bankers about options for Paramount – sources

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India’s Mallya says willing to reach ‘reasonable’ debt settlement: FT

Mallya, 60, flew first class from Delhi to London on March 2 at a time when the Indian government and mainly state-controlled banks are trying to recover $1.4 billion owed by his collapsed Kingfisher Airlines

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India’s Mallya says willing to reach ‘reasonable’ debt settlement: FT

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U.S., EU officials say they will not settle for limited trade deal

By David Lawder NEW YORK (Reuters) – U.S. and European Union trade officials said on Thursday they would not settle for a limited trans-Atlantic free trade deal that ignores deep divisions on agricultural products, services, public procurement and dispute resolution. In separate briefings during the latest negotiating round in New York, the U.S. and EU officials said they would …

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Exclusive: CBS weighs share options for post-Redstone era – sources

CBS Corp's executives are talking to investment bankers about how their CEO and executive chairman, Les Moonves, can gain more control over the broadcaster after Sumner Redstone dies, or if he is declared mentally incompetent, said two sources familiar with the situation. The New York-based company met with investment banks in recent months to discuss how it could buy CBS's voting shares from Redstone's National Amusements Inc, and collapse CBS's dual-class share structure, the sources told Reuters. CBS and Viacom Inc both …

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Exclusive: CBS weighs share options for post-Redstone era – sources

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