Business & Finance News
Fiat Chrysler Automobiles NV has agreed to a settlement worth about $800 million to resolve claims from the U.S. Justice Department and state of California that it used illegal software that produced false results on diesel-emissions tests, but still faces an ongoing criminal probe.
Fiat Chrysler Automobiles NV has agreed to a settlement worth about $800 million (£627 million) to resolve claims from the U.S. Justice Department and state of California that it used illegal software that produced false results on diesel-emissions tests, but still faces an ongoing criminal probe.
A federal judge in Minnesota ruled this week that Dairy Queen, owned by Warren Buffett’s Berkshire Hathaway Inc , may pursue its lawsuit to stop W.B. Mason Co from selling “Blizzard” bottled spring water, the name it uses for a popular ice cream product.
Wall Street rose in a seesaw session on Thursday, tentatively on track for its fifth straight day of gains as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy’s pummeled retail stocks.
An index of world stock markets edged higher on Thursday as worries over the lack of clear signs of a resolution to the U.S.-China trade spat were offset by an assurance by Federal Reserve Chairman Jerome Powell that the U.S. central bank has the ability to be patient on monetary policy.
The boards of Renault and Japanese partner Nissan met on Thursday for an update on ongoing investigations surrounding alleged financial misconduct by alliance boss Carlos Ghosn, both companies said.
German auto supplier Robert Bosch GmbH [ROBG.UL] will pay around $131 million to settle claims from Fiat Chrysler Automobiles NV U.S. diesel owners and resolve all investigations by 47 U.S. state attorneys general into its involvement with diesel vehicles.
Sears Holdings Corp Chairman Eddie Lampert confirmed on Thursday he has made a new takeover bid of more than $5 billion for the company, an offer that may significantly increase the likelihood the U.S. department store will be able to stay in business.
German auto supplier Robert Bosch GmbH [ROBG.UL] will pay $130 million to settle claims from Fiat Chrysler Automobiles NV U.S. diesel owners and resolve an investigation by 47 U.S. state attorneys general into its involvement with diesel vehicles.
Amazon.com Inc shares see-sawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans.
A German court ruled on Thursday that Amazon’s thumb-sized ordering devices known as “Dash” buttons do not give sufficient information about the product ordered or its price, breaking consumer protection legislation.
One of Renault boss Carlos Ghosn’s senior executives received an additional six-figure salary unknown to the carmaker’s board via the Dutch joint venture overseeing its alliance with Nissan , according to sources and documents seen by Reuters.
U.S. stocks edged lower on Thursday after Federal Reserve Chairman Jerome Powell said the central bank would continue unwinding its balance sheet, adding to weakness in the markets under pressure from a retail selloff.
Bill Browder, founder and CEO of investment fund Hermitage Capital Management, said on Thursday he had asked French authorities to investigate Danske Bank over alleged money laundering, rather than treating it as a witness.
Amazon founder Jeff Bezos, the world’s richest man, and his wife MacKenzie, who announced on Wednesday that they are divorcing, are the latest of a long line of rich and powerful couples whose marriages came to a public end, often with a hefty price tag.
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