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Toshiba in final talks on new president; Tsunakawa top candidate: source

April 24, 2016 by · Leave a Comment 

Japan's Toshiba Corp is in final talks to replace President Masashi Muromachi, with Senior Executive Vice President Satoshi Tsunakawa a leading candidate as it aims to turn the scandal-hit firm back to growth, a source told Reuters on Sunday. The source, who is familiar with the matter, indicated Tsunakawa was a top candidate, saying the successor would be likely be one of three senior …

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Toshiba in final talks on new president; Tsunakawa top candidate: source

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VW brand chief ‘confident’ of solving cost-cutting row with labor

April 24, 2016 by · Leave a Comment 

Volkswagen's top brand executive is confident that management and labor will solve a dispute over cost-cutting at the core autos division and signaled readiness on Sunday to meet some of workers' demands. Volkswagen's (VW) powerful labor leaders earlier this …

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VW brand chief ‘confident’ of solving cost-cutting row with labor

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Oil prices give up earlier gains; languish near 11-year lows

January 6, 2016 by · Leave a Comment 

By Jacob Gronholt-Pedersen and Roslan Khasawneh SINGAPORE (Reuters) – Oil prices on Wednesday gave back earlier gains, retreating toward the previous session's close near 11-year lows as concerns over growing…

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Oil prices give up earlier gains; languish near 11-year lows

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Volkswagen brand chief says ‘confident’ of finding solution to U.S. diesel issues

January 6, 2016 by · Leave a Comment 

(Reuters) – The head of Volkswagen AG's top selling brand said Tuesday he is “confident” the German automaker will reach agreement with U.S regulators to bring nearly 500,000 diesel vehicles into compliance with U.S. emissions laws. “We are confident we will find an acceptable solution,” VW brand chief Herbert Diess said at a press conference at the Consumer Electronics Show in Las Vegas, Nevada. Volkswagen has admitted it installed software in certain diesel models sold…

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Volkswagen brand chief says ‘confident’ of finding solution to U.S. diesel issues