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U.S. regulator has opened Audi investigation: Bild am Sonntag

A U.S. government regulator has started investigating Volkswagen's Audi brand over a reported discovery of a new cheat software device at the luxury carmaker, Bild am Sonntag reported, without citing the source of the information. The German weekly paper …

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U.S. regulator has opened Audi investigation: Bild am Sonntag

capitol

Trump may already have a plan ready to revamp Dodd-Frank

When Jeb Hensarling, the Republican chair of the U.S. House Financial Services Committee, released legislation this summer to weaken the major financial law known as Dodd-Frank, many said it was a prêt-a-porter plan that his party’s nominee, Donald Trump, could easily adopt. Now that Trump is president-elect, he appears to be doing just that. Language about financial services posted on the Trump transition website, www.greatagain.gov, echoes the tone of Hensarling's bill, known

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Trump may already have a plan ready to revamp Dodd-Frank

capitol

OPEC set for no deal as Iran rejects Saudi oil output offer

Iran rejected on Tuesday an offer from Saudi Arabia to limit its oil output in exchange for Riyadh cutting supply, dashing market hopes the two major OPEC producers would find

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OPEC set for no deal as Iran rejects Saudi oil output offer

capitol

Wells Fargo CEO forfeits millions as board orders review

(Reuters) – Wells Fargo & Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank's sales practices. Carrie Tolstedt, the former head of the retail division at the center of a burgeoning sales scandal, has left the company ahead of her planned Dec. 31 retirement date, will get…

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Wells Fargo CEO forfeits millions as board orders review

capitol

Wells Fargo CEO forfeits millions as board orders review

(Reuters) – Wells Fargo & Co said on Tuesday that Chief Executive Officer John Stumpf will forfeit unvested equity awards worth about $41 million and will not get a salary while the company's board investigates the bank'…

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Wells Fargo CEO forfeits millions as board orders review

capitol

U.S. lawmakers blast Mylan CEO over ‘sickening’ EpiPen price hikes

U.S. lawmakers on Wednesday blasted Mylan NV Chief Executive Heather Bresch for sharply increasing prices for the EpiPen emergency allergy treatment at a congressional hearing in which Republicans and Democrats questioned the reasons behind rising U.S. drug costs. The House Committee on Oversight and Government Reform called Bresch to testify in the wake of public outrage over EpiPen, whose list price has risen to $600 for a pair of the devices compared with $100 in 2007. At several points, they cut …

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U.S. lawmakers blast Mylan CEO over ‘sickening’ EpiPen price hikes

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As Fed nears rate hikes, policymakers plan for ‘brave new world’

By Jason Lange and Ann Saphir JACKSON HOLE, Wyo. (Reuters) – Federal Reserve policymakers are signaling they could raise U.S. interest rates soon but they are already weighing new tools they may need to fight the next recession. A solid U.S. labor market “has strengthened” the case for the first rate increase since

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As Fed nears rate hikes, policymakers plan for ‘brave new world’