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Samsung to replace or refund 1 million U.S. Galaxy Note 7 phones

Samsung received 92 reports of batteries overheating in the United States, including 26 reports of burns and 55 cases of property damage, the company said as it announced the recall in cooperation with the U.S. Consumer Product Safety Commission (CPSC). The recall is a costly setback for Samsung, which was counting on Galaxy Note 7 to bolster sales as rivals such as Apple Inc launch new devices. The scale of the recall is unprecedented

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Samsung to replace or refund 1 million U.S. Galaxy Note 7 phones

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Tesla says it is investigating cause of fatal China crash

China's CCTV on Wednesday reported 23-year-old Gao Yaning died in January after crashing into the back of a road sweeping vehicle while driving a Tesla car on a highway in the northeastern province of Hebei. Gao's family filed the lawsuit in a Beijing court in July against Tesla and the Beijing-based dealer who had sold Gao the car.

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Tesla says it is investigating cause of fatal China crash

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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

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Bayer’s Monsanto acquisition to face politically charged scrutiny

WASHINGTON D.C./NEW YORK (Reuters) – As the global agricultural sector races to consolidate, Bayer AG's $66 billion all-cash deal to acquire Monsanto Co will test growing political and consumer unease in the United States and abroad over…

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Bayer’s Monsanto acquisition to face politically charged scrutiny

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U.S. workers unload first of Hanjin ships stalled by bankruptcy

By Lisa Richwine LOS ANGELES (Reuters) – Dock workers began unloading furniture, clothing and other cargo on Saturday from a container ship owned by bankrupt Hanjin Shipping Co Ltd , breaking a logjam that has stranded goods on a dozen vessels bound…

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U.S. workers unload first of Hanjin ships stalled by bankruptcy

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‘Times are changing, pay your taxes’, euro zone chief tells corporations

By Francesco Guarascio and Jason Hovet BRATISLAVA (Reuters) – Multinational companies should refrain from tax-avoidance practices and pay their fair share, the head of euro zone finance ministers said on Saturday in a new endorsement of the European Union's fight against tax-dodging. In the wake…

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‘Times are changing, pay your taxes’, euro zone chief tells corporations

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British businesses ‘lazy and fat’, pro-Brexit trade minister says

Britain as a trading nation has become “too lazy and too fat” and business leaders are more interested in playing golf on Friday afternoons than in seeking new export markets, International Trade Secretary Liam Fox was recorded saying. Fox, who was a prominent campaigner for Britain to leave the European Union and says the country must forge new trading relationships with the rest of the world, was recorded making the comments during a drinks party with activists…

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British businesses ‘lazy and fat’, pro-Brexit trade minister says

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VW’s Audi steps up collaboration with Chinese tech groups

FRANKFURT (Reuters) – Volkswagen's luxury car unit Audi has agreed to deepen collaboration with Chinese internet technology groups to offer more digital services in the world's largest car market.

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VW’s Audi steps up collaboration with Chinese tech groups

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Samsung urges Note 7 users to switch off phones and turn them in

By Se Young Lee and Jeffrey Dastin SEOUL (Reuters) – Samsung Electronics Co Ltd on Saturday urged users of its Galaxy Note 7 phones to turn in their handsets as soon as possible as part of a recall aimed at limiting the damage caused by the fire-prone devices. The world's top smartphone maker said last week it would exchange all Note 7 phones in 10 markets including South Korea and the United States…

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Samsung urges Note 7 users to switch off phones and turn them in

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Apple will not give first-weekend sales of iPhone 7

By Julia Love SAN FRANCISCO (Reuters) – Apple Inc will not release first-weekend sales of its new iPhone 7, the company said on Thursday, making it harder for analysts to get a …

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Apple will not give first-weekend sales of iPhone 7

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