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U.S. regulator reverses course, tightens controls on Wells Fargo after scandal

November 19, 2016 by · Leave a Comment 

By Patrick Rucker WASHINGTON (Reuters) – A leading U.S. bank regulator on Friday reversed course and revoked Wells Fargo & Co's right to shield the pay of former executives after a phony-

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U.S. regulator reverses course, tightens controls on Wells Fargo after scandal

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Volkswagen to cut 30,000 jobs

November 19, 2016 by · Leave a Comment 

By Andreas Cremer and Jan Schwartz WOLFSBURG, Germany (Reuters) – Volkswagen and its labor unions agreed to cut 30,000 jobs at the core VW brand in exchange for a commitment to avoid forced redundancies in Germany until 2025, a compromise which leaves the carmaker's profitability still lagging rivals. …

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Volkswagen to cut 30,000 jobs

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Wal-Mart’s next move against Amazon: More warehouses, faster shipping

October 6, 2016 by · Leave a Comment 

By Nandita Bose CHICAGO (Reuters) – Wal-Mart Stores Inc is accelerating its investment in e-commerce in a bid to narrow the gap with Amazon.com Inc and to give it an even more dominant position against the rest of the field in retail. The world's largest retailer is now on track to double the number of giant warehouses dedicated to online sales to 10 by the end of 2016, according to Justen Traweek, vice-president of…

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Wal-Mart’s next move against Amazon: More warehouses, faster shipping

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Asia stocks up on solid U.S. data, gold hit by stimulus taper fears

October 6, 2016 by · Leave a Comment 

Asian shares firmed on Thursday thanks to stronger U.S. economic data, while growing prospects of a near-term U.S. rate hike and possible tapering of stimulus in Europe hit gold and lifted the dollar to one-month

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Asia stocks up on solid U.S. data, gold hit by stimulus taper fears

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Boeing exec opposes Iran licenses for others if its deal blocked

July 10, 2016 by · Leave a Comment 

The head of Boeing Commercial Airplanes said on Sunday that U.S. suppliers to Europe's Airbus and other planemakers should not be able to get licenses to sell their wares to Iran if Boeing is blocked from completing a $25 billion deal …

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Boeing exec opposes Iran licenses for others if its deal blocked

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VW says U.S. ‘Dieselgate’ settlement not to be replicated in Europe

July 4, 2016 by · Leave a Comment 

Volkswagen's CEO has rejected calls for the carmaker to compensate customers in Europe over the 'Dieselgate' emissions scandal along the lines of its $15 billion deal in the United States, telling a German newspaper a similar settlement would be inappropriate and unaffordable. Europe's Industry Commissioner Elzbieta Bienkowska last week called on Volkswagen to also compensate European owners of its diesel-powered cars, saying it would be unfair for them to be treated differently from U.S. customers just because of a different legal system. “We have a…

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VW says U.S. ‘Dieselgate’ settlement not to be replicated in Europe

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Visa, MasterCard $7.25 billion settlement with retailers is thrown out

July 1, 2016 by · Leave a Comment 

By Jonathan Stempel NEW YORK (Reuters) – A federal appeals court on Thursday threw out a $7.25 billion antitrust settlement reached by Visa Inc and MasterCard Inc with millions of retailers that accused the card networks of improperly fixing credit and debit card

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Visa, MasterCard $7.25 billion settlement with retailers is thrown out

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European factories bounce as Asia struggles, but Brexit poses threats

July 1, 2016 by · Leave a Comment 

LONDON/SYDNEY (Reuters) – Factories across Europe enjoyed a buoyant month in June but that growth could be under threat after Britons voted to leave the European Union last week, surveys conducted almost entirely before the historic referendum showed. Highlighting another worrying trend for the global economy, China's vast factory sector flatlined as exports shrank and jobs were cut, in a slowdown across …

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European factories bounce as Asia struggles, but Brexit poses threats

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Oracle ordered to pay HP $3 billion in Itanium case

July 1, 2016 by · Leave a Comment 

A California jury ordered Oracle Corp to pay Hewlett-Packard Enterprise Co $3 billion in damages in a case over HP's Itanium servers, an Oracle spokeswoman said on Thursday. The Itaniuum processor is made by Intel Inc . In the first phase of trial in 2012, Santa Clara Superior Court Judge James Kleinberg ruled that there had been a contract.

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Oracle ordered to pay HP $3 billion in Itanium case

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Bond yields sink as central banks head for easier policy

July 1, 2016 by · Leave a Comment 

The prospect of further cuts in interest rates and bond-buying to support a fractured global economy kept stock markets on the up in Europe and Asia on Friday, and drove U.S. and European government bond yields to their lowest in years. Signs that the world's big central banks will go even easier on monetary conditions, extending …

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Bond yields sink as central banks head for easier policy

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