united-states

Volkswagen faces reforms, oversight for three years under U.S. settlement

Volkswagen AG, as part of a $4.3 billion settlement with U.S. regulators, on Wednesday agreed to sweeping reforms, new audits and oversight by an independent monitor for three years to resolve diesel emissions cheating investigations. Under the settlement of charges it installed secret software in U.S. vehicles to allow them to emit up to 40 times legally allowable pollution, the German automaker agreed to change the way it operates in the United States and other countries. VW will separate the jobs of product development and certification …

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Volkswagen faces reforms, oversight for three years under U.S. settlement

united-states

FCA to invest $1 billion in U.S. plants, make Jeep pickup truck

Fiat Chrysler Automobiles said on Sunday that it would invest $1 billion to retool and modernize two plants in the U.S. Midwest, including one that would be able to make the Ram heavy-duty pickup truck currently produced in Mexico. The company also said it planned to add three new Jeep models, including a pickup truck, to its product

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FCA to invest $1 billion in U.S. plants, make Jeep pickup truck

united-states

China’s Midea receives U.S. green light for Kuka takeover

China's Midea said it will complete its takeover of German robotics maker Kuka in the first half of January after the United States authorities gave the deal a green light. The bid for Kuka, a high-tech robotics manufacturer, sparked controversy in Germany amid fears that key technologies were falling into foreign hands at a time when China protects its own companies against foreign takeovers. “The United …

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China’s Midea receives U.S. green light for Kuka takeover

united-states

Targeting U.S. automaker signals possible China retaliation over Trump talk

By Arshad Mohammed, Matt Spetalnick and Benjamin Kang Lim WASHINGTON/BEIJING (Reuters) – China's plan to punish a U.S. automaker accused of price-fixing is a sign of how Beijing could retaliate …

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Targeting U.S. automaker signals possible China retaliation over Trump talk

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J&J makes takeover approach for Swiss drugmaker Actelion: Bloomberg

(Reuters) – U.S. healthcare company Johnson & Johnson has approached Swiss biotechnology firm Actelion Ltd about a potential takeover, Bloomberg reported on Thursday, citing people it said were familiar with the matter. The report said that deliberations are still at an early stage following Johnson & Johnson's initial offer, and Actelion is working with an adviser to explore options. Johnson & Johnson Chief Executive Alex Gorsky said earlier this year that the company

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J&J makes takeover approach for Swiss drugmaker Actelion: Bloomberg

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Thanksgiving sales surge online as shoppers stay home for holiday

At the start of the first holiday shopping season since the election of Donald Trump as president on November 8, U.S. consumers loosened their purse strings and spent $1.15 billion online between midnight and…

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Thanksgiving sales surge online as shoppers stay home for holiday

united-states

As Trump disses TPP, China says to ‘play role’ in Asia-Pacific integration

China will “play its role” in promoting economic integration in the Asia-Pacific, the foreign ministry said on Wednesday, after U.S. President-elect Donald Trump said he would kill an ambitious regional trade pact. Trump's statement appeared to open the way for China to assume the United States' leadership mantle on trade and diplomacy in Asia.

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As Trump disses TPP, China says to ‘play role’ in Asia-Pacific integration

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TomTom targeting deals with U.S. automakers

TomTom has benefited from the formation of the rival Here consortium as automakers not involved in it are keener to do business with the independent mapping operator, its chief executive said on Friday. While its success in winning automotive customers remained “lumpy”, TomTom is focused on winning customers in the United States, …

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TomTom targeting deals with U.S. automakers

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EU, U.S. trade deal not dead yet: EU’s Malmstrom

By Robert-Jan Bartunek BRUSSELS (Reuters) – A much-debated trade deal between the European Union and the United States is not dead and negotiations will continue with the new U.S. administration after November's elections, EU Trade Commissioner Cecilia Malmstrom said on Saturday. Paul Magnette, the premier of Belgium's region of Wallonia who led opposition to the Canadian trade deal, told his parliament on Friday that with the

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EU, U.S. trade deal not dead yet: EU’s Malmstrom

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Exclusive: Dick’s wins auction for U.S. business of bankrupt Golfsmith – sources

Dick's plans to keep open at least 30 Golfsmith stores and wind down the rest with liquidators from Hilco Global and Tiger Capital Group, the people said. Golfsmith had 109 stores in the United States at the time of its bankruptcy filing last month, and has been closing stores since then. With the bid, Dick's, the largest U.S. sporting goods retailer, also won Golfsmith's intellectual

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Exclusive: Dick’s wins auction for U.S. business of bankrupt Golfsmith – sources

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