Fiat Chrysler Automobiles NV will pay more than $700 million to resolve lawsuits from the U.S. Justice Department and diesel owners over claims it used illegal software to allow 104,000 diesel vehicles to emit excess emissions, three people briefed on the matter said.
U.S. film production company Skydance Media on Wednesday named Walt Disney Co’s former animation head and co-founder of Pixar, John Lasseter, as head of its animation division.
U.S. officials used three days of trade talks in Beijing to demand more details on China’s pledge to make big purchases of American goods, as well as to push for ways to hold China to any commitments on changes to industrial policies.
Home furnishing retailer Bed Bath & Beyond Inc on Wednesday reported a better-than-expected quarterly profit, bolstered by its online business, and forecast earnings for 2019 above Wall Street estimates.
Stocks around the world extended recent gains and oil prices jumped on Wednesday on optimism the United States and China may be inching toward a trade deal, soothing fears of an all-out trade war and its possible impact on global growth.
Wall Street rallied for a fourth session on Wednesday, propelled by Apple, chipmakers and other trade-sensitive stocks after signs of progress in trade talks between the United States and China.
U.S. Federal Reserve policymakers say they will wait to deliver more interest rate hikes until they have a better handle on whether slowing global growth and financial market volatility will undercut an otherwise solid U.S. economic outlook.
U.S. film production company Skydance Media on Wednesday named Walt Disney Co’s former animation head and co-founder of Pixar, John Lasseter, as head of its animation division.
Gasoline shortages in Mexico sparked by a government crackdown on fuel theft prompted warnings from business leaders that industries like carmaking will suffer if the problem persists, while lines at gas stations grew in the capital on Wednesday.
Lennar Corp said on Wednesday it was seeing an improvement in home sales in its new fiscal year as mortgage rates start to ease and posted earnings ahead of expectations, allaying concerns of a slowdown in the broader U.S. housing market.
BlackRock Inc is giving the executive behind the company’s key iShares brand a job overseeing strategy, marketing and international businesses as the world’s largest asset manager grooms possible successors to Chief Executive Larry Fink. Mark Wiedman, who has led the company’s fast-growing index investing unit, will take the title head of international and of corporate strategy, Fink said in a memo seen by Reuters on Wednesday. Wiedman will be reporting to F
Carlos Ghosn, chief executive of French carmaker Renault and ex Nissan chairman, has not had his tax domicile France since 2012, opting instead for the more fiscally favorable Netherlands, French newspaper Liberation reported on Wednesday.
BlackRock Inc is giving the executive behind the company’s key iShares brand a job overseeing strategy, marketing and international businesses as the world’s largest asset manager grooms possible successors to Chief Executive Larry Fink.
Germany’s financial markets watchdog is requiring Deutsche Bank to re-examine the files of about 20,000 risky clients by the end of June as part of its “know your customer” process, a person familiar with the matter said on Wednesday.
Danske Bank A/S and four former top executives were sued on Wednesday by a U.S. shareholder that accused Denmark’s largest bank of defrauding investors and inflating its share price by hiding and failing to stop widespread money laundering at its Estonian branch.
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