VW profit gains as carmaker battles to overcome crisis

Volkswagen posted a surprise increase in first-quarter operating profit as the carmaker is pushing steps to overcome its diesel emissions scandal. Europe's biggest automaker is counting on a deal with U.S. authorities and car owners next month over its rigging of diesel emissions tests while pushing a strategic overhaul across its 12-brand group. Operating profit rose to 3.4 billion euros ($3.8 billion) from 3.3 billion a year

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VW profit gains as carmaker battles to overcome crisis

U.S. oil rises, global crude weaker on strong Middle East output

U.S. oil prices rose on Tuesday, buoyed by the start of the U.S. summer driving season, while international fuel markets fell on rising output in the Middle East, which mostly serves Asian customers. U.S. West Texas Intermediate (WTI) crude oil futures were trading at $49.58 per barrel at 0707 GMT (04:07 a.m. EDT), up 25 cents from their last settlement. Brent crude oil futures were down 18 cents to $49.58 a barrel.

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U.S. oil rises, global crude weaker on strong Middle East output

Viacom’s independent directors vow to fight ouster attempt

By Jessica Toonkel and Chuck Mikolajczak NEW YORK (Reuters) – Viacom Inc's six independent directors vowed on Monday to fight any attempt to oust them from the board, saying they found “inexplicable” the assertion that controlling shareholder Sumner Redstone was mentally competent and acted of his own free will. In a letter to shareholders, Lead Independent Director Fred Salerno said the directors would legally contest any bid to remove …

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Viacom’s independent directors vow to fight ouster attempt

Shares set for monthly gains, dollar buoyed by Fed outlook

By Anirban Nag LONDON (Reuters) – Global shares steadied at one-month highs on Tuesday, on track for a third straight month of gain, while the dollar held strong near two-month peaks on expectations the U.S. interest rates could rise next month. “In an environment of dollar strength, the People's Bank of China may well be forced to further depreciate the renminbi, risking the possibility of a…

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Shares set for monthly gains, dollar buoyed by Fed outlook

Verizon, unions agree to pay raises, new jobs to end strike

One analyst called the deal “very rich” for workers at Verizon, the No. 1 U.S. wireless provider, which reached the tentative pact with the Communications Workers of America (CWA) on Friday. The CWA said Verizon agreed to provide a 10.9 percent raise over four years while Verizon put the increase at 10.5 percent. According to the CWA, both numbers are correct, with the union's

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Verizon, unions agree to pay raises, new jobs to end strike

Japan’s Abe to delay sales tax hike until 2019: government source

By Takaya Yamaguchi TOKYO (Reuters) – Japanese Prime Minister Shinzo Abe plans to delay an increase in sales tax by two and a half years, a government official said on Sunday, as the economy sputters and Abe prepares for a national election. Abe told Finance Minister Taro Aso and the secretary general of his ruling Liberal Democratic Party, Sadakazu Tanigaki, on Saturday …

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Japan’s Abe to delay sales tax hike until 2019: government source

ConAgra Foods stock seen rising 30 percent: Barron’s

ConAgra Foods' stock could climb up to 30 percent in the coming months as the U.S. packaged food company seeks to shed businesses, improve existing brands and achieve lower overheads, Barron's said in its …

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ConAgra Foods stock seen rising 30 percent: Barron’s

Suncor ramping up operations after Canada wildfire

By Ethan Lou TORONTO (Reuters) – Suncor Energy Inc's facilities north of Fort McMurray, Alberta, are expected to partially restart by the end of the week, the company said on Sunday, the latest sign Canadian oil sands producers are coming back online after a massive wildfire. The start-up of Suncor's base plant and MacKay River sites is under way, with “initial production” expected by the end of…

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Suncor ramping up operations after Canada wildfire

Bourbon maker Brown-Forman shares seen expensive

Shares of Brown-Forman , which makes Jack Daniel's and other liquors, are seen as pricey as the world's top bourbon seller faces slowing growth in an increasingly crowded field, Barron's said in its latest online edition. Brown-Forman's stock had delivered annual gain of 12.5 percent in the past decade including dividend, outpacing the Standard & Poor's 500 index by

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Bourbon maker Brown-Forman shares seen expensive

Data analysis from Paris raid on Google will take months, possibly years: prosecutor

By Chine Labbé PARIS (Reuters) – Analysis of data seized by investigators in last week's raid of Google's Paris headquarters could possibly take years, French financial prosecutor Eliane Houlette said on Sunday. Dozens of French police raided Google's offices on Tuesday, escalating an investigation over suspected tax evasion. “We have collected a lot of computer data,” Houlette said in an interview with Europe 1 radio, TV channel iTele and newspaper Le Monde, adding that 96 people took part in the raid.

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Data analysis from Paris raid on Google will take months, possibly years: prosecutor

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