volkswagen

VW, suppliers settle dispute after marathon talks

By Andreas Cremer BERLIN (Reuters) – Volkswagen and two of its parts suppliers on Tuesday resolved a contract dispute that had hit output at more than half of the carmaker's German plants and threatened to undermine its recovery from a diesel emissions scandal. After more than 20 hours of negotiations that went on through the night, VW said it had settled its differences with CarTrim, which makes seats, …

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VW, suppliers settle dispute after marathon talks

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JPMorgan ends WaMu disputes with FDIC, to receive $645 million

JPMorgan Chase & Co on Friday said it will receive $645 million in a settlement of litigation with the Federal Deposit Insurance Corp and Deutsche Bank AG arising from its purchase of Washington Mutual Inc's banking operations during the financial crisis in 2008. According to a regulatory filing, JPMorgan will collect the cash payment from the estate of Washington Mutual Bank, for which the FDIC acts as receiver.

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JPMorgan ends WaMu disputes with FDIC, to receive $645 million

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VW says talks to end supplier dispute will resume on Monday

Volkswagen is seeking a negotiated settlement with suppliers in a dispute over contracts that is halting production at some of its plants and talks will resume on Monday, the German carmaker said. “Naturally, we remain in talks with the suppliers,” a VW spokesman said, adding that the negotiations had run late into the night

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VW says talks to end supplier dispute will resume on Monday

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UK opens corruption probe into Airbus jet sales

Britain's Serious Fraud Office has launched a formal investigation into suspected fraud, bribery and corruption in connection with commercial plane sales by Airbus, parent company Airbus Group said on Sunday. A UK government agency this year suspended the issue of export credits to Airbus, citing discrepancies in declarations by the plane maker on the use of third-party intermediaries during jet sale negotiations. The agency, UK Export Finance, had said it was referring the discrepancies to the SFO, which would decide whether to launch a criminal investigation.

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UK opens corruption probe into Airbus jet sales

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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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U.S. finds unapproved emissions software in VW Audi engines – Bild am Sonntag

U.S. authorities have found three unapproved software programs in 3.0 liter diesel engines made by Volkswagen's Audi unit, German weekly Bild am Sonntag reported, without saying where it had obtained the information. The software allowed the turbocharged direct injection (TDI) engines used in Audi's Q7, Porsche's Cayenne and VW's Touareg models to shut down emissions control…

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U.S. finds unapproved emissions software in VW Audi engines – Bild am Sonntag

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Laptop in wreckage of Tesla Autopilot car: Florida investigators

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

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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Global investment banks have slowest first half since 2012

By Anjuli Davies LONDON (Reuters) – Global investment banking fees fell by nearly a quarter in the first half of 2016 from a year earlier as market volatility hit capital markets and M&A deal making, Thomson Reuters data published on Monday showed. Global fees for services ranging from merger and acquisitions advisory services to…

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Global investment banks have slowest first half since 2012

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