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facing-billions

VW no longer expects tax demands in Germany related to diesel scandal

November 20, 2016 by · Leave a Comment 

Volkswagen does not expect the German government to make tax demands to cover revenue losses related to the carmaker's diesel scandal, a company spokesman said on Saturday. In Germany, motor vehicle taxes are tied to the

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VW no longer expects tax demands in Germany related to diesel scandal

facing-billions

Pacific rim leaders eye China lead on trade after Trump win

November 19, 2016 by · Leave a Comment 

By Rosalba O'Brien and Teresa Cespedes LIMA (Reuters) – Leaders of Pacific rim nations gathered in Peru on Friday, looking to China to salvage hopes for regional trade as prospects of a Donald Trump presidency in the United States sounded a possible death knell for the Trans-Pacific Partnership (TPP) free trade pact. Discussions between the 21 members of the Asia…

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Pacific rim leaders eye China lead on trade after Trump win

facing-billions

Can Trump make coal great again? At least some companies think so

November 19, 2016 by · Leave a Comment 

By Timothy Gardner WASHINGTON (Reuters) – Most of the U.S. coal industry doubts Donald Trump can fulfill his promise to make the ailing industry great again in a country awash in dirt-cheap natural gas, a competing fuel. “This is the best news that Appalachia as a whole has had in about 10 years,” said Jason Bostic…

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Can Trump make coal great again? At least some companies think so

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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