Wells Fargo & Co plans to combine its ultra-high-net-worth business and its private bank under one leader, Bloomberg reported on Thursday, citing an internal memo https://bloom.bg/2Pmb9h5.
Alphabet Inc’s Google said on Thursday it would make changes to how it handles sexual harassment claims, a week after thousands of its employees around the world walked off their jobs to protest its response to such issues.
World equity markets edged lower on Thursday, with U.S. stocks opening on the defensive while the U.S. dollar strengthened ahead of a monetary policy announcement by the Federal Reserve.
French prosecutors argued in a Paris court on Thursday for Swiss bank UBS AG to be fined 3.7 billion euros for helping wealthy French people evade taxes.
The S&P 500 and the Nasdaq edged lower on Thursday, as weak earnings reports and caution ahead of the Federal Reserve’s interest rate decision stalled a rally from the previous session, which was spurred by the outcome for midterm elections.
The U.S. Senate Commerce Committee said on Thursday that a hearing planned for Nov. 14 on reports of engine fires involving Hyundai Motor Co and Kia Motors Corp vehicles was on hold, but could be rescheduled for a future date.
Volkswagen will offer a Tesla-rivalling electric car costing below 20,000 euros ($22,836) and convert three of its factories into electric car plants as part of a far-reaching overhaul, a source familiar with the deliberations told Reuters.
German carmakers agreed to spend up to 3,000 euros ($3,430) per vehicle to help reduce diesel emissions as the government and industry respond to driving bans in major cities.
German cities are starting to introduce bans on older diesel vehicles that emit higher amounts of pollutants than later models after the country’s highest administrative court in February confirmed such bans are permissible.
Coca-Cola Co told Reuters on Thursday it is working on plans to launch its first energy drinks under the Coke brand name, jumping into a crowded field as it tries to shift away from fizzy sodas.
Britain’s Virgin Atlantic could face industrial action from some of its pilots after a union representing over half of them said it is preparing to ballot members over strike action.
D.R. Horton shares fell more than 10 percent after the largest U.S. homebuilder forecast first-quarter home sales below analysts’ estimates on Thursday, the latest sign that rising mortgage rates and higher home prices are weighing on the housing market.
Volkswagen and an independent monitoring team still have “a lot of work to do” before he can certify changes required under a U.S. Justice Department settlement, Larry Thompson, an independent compliance auditor, told a conference in a video recording on Thursday.
U.S. stocks edged lower on Thursday, as a clutch of weak earnings reports punctured a rally from the previous session, which was spurred by the outcome for midterm elections.
German Transport Minister Andreas Scheuer said on Thursday that Volkswagen and Daimler were prepared to offer hardware retrofits for older diesel vehicles at their own cost but BMW was refusing to do so.
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