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U.S. says talks will continue to reach VW diesel emissions fix

U.S. environmental officials said on Wednesday talks will continue with Volkswagen aimed at reaching an agreement on a fix for nearly 600,000 diesel vehicles that emit up to 40 times legally allowable limits. Nearly four months after the emissions scandal broke, there…

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U.S. says talks will continue to reach VW diesel emissions fix

Icahn buying up Time Warner shares: sources

Billionaire activist investor Carl Icahn is building an equity stake in Time Warner Inc , people familiar with the matter said on Monday. Icahn's intentions when it comes to Time Warner are not yet known, the people said

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Icahn buying up Time Warner shares: sources

Porsche CEO seeks U.S. approval of diesel engine fix in January

By Andreas Cremer DETROIT (Reuters) – Porsche is confident it will win approval from U.S. authorities by the end of January for plans to bring its larger diesel models capable of cheating U.S. emissions tests in line with the law, its chief executive said on Tuesday. Proposals submitted …

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Porsche CEO seeks U.S. approval of diesel engine fix in January

Exclusive: Billionaire Lasry’s junk fund stops voluntary reporting of asset levels

A junk bond fund run by billionaire Marc Lasry's Avenue Capital Management, which has experienced heavy investment losses and investor withdrawals, has stopped voluntarily reporting daily asset figures to the mutual fund industry's top two tracking firms. Research chiefs for Morningstar and Lipper said on Monday they had not received daily asset under management figures from the Avenue Credit Strategies Fund since about mid-December. The fund is not required to report the …

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Exclusive: Billionaire Lasry’s junk fund stops voluntary reporting of asset levels

Ex-politician John Edwards among lawyers vying for lead role in Volkswagen suit

Edwards, who was a trial lawyer in North Carolina before his political career was felled by a sex scandal, sent a letter to U.S. District Judge Charles Breyer of San Francisco last Friday, asking to be appointed to the powerful plaintiffs' steering committee. “This case has ingredients I've spent my life working on,” Edwards told Reuters in an interview on Monday. The litigation against Volkswagen, he said, requires trial expertise, regulatory know-how and a global perspective.

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Ex-politician John Edwards among lawyers vying for lead role in Volkswagen suit

Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion

Chinese conglomerate Dalian Wanda Group has bought U.S. film studio Legendary Entertainment for about $3.5 billion, turning its chairman into a Hollywood movie mogul as China's richest man steps up a drive to diversify his business empire overseas. At a news conference in Beijing on Tuesday, Wanda Chairman Wang Jianlin said he plans to package Legendary, behind hits like “Jurassic World”, with existing movie production assets in China and sell shares in the…

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Wanda goes to Hollywood: China tycoon’s firm buys film studio Legendary for $3.5 billion

How the oil collapse stole Russia’s Christmas

LONDON/MOSCOW (Reuters) – A plunge in the oil price to 12-year lows during Russia's New Year and Orthodox Christmas break means the country returns to work on Monday with its economic recovery and once-mighty savings war chest on the line. Crude's collapse from $100 a barrel since mid-2014 has already pummeled Russia, which relies

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How the oil collapse stole Russia’s Christmas

GM Europe operations still loss-making in 2015: CEO in magazine

The European division of General Motors was still loss-making in 2015, but hopes to return to profit this year, the division's chief executive told a German magazine. General Motors

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GM Europe operations still loss-making in 2015: CEO in magazine

Ever so slowly, the euro zone economy awakes

Very slowly – and primarily because of massive stimulus from the European Central Bank – the euro zone is showing signs of recovery. Lower commodity prices will help too, whatever the concerns about deflation.

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Ever so slowly, the euro zone economy awakes

Exclusive: With luxury Acura makeover, Honda aims for brand survival, China revival

As part of a broader makeover, and even the survival, of its stalled luxury Acura brand, Japan's Honda Motor Co will launch a new small crossover sport utility vehicle this year in China to compete with BMW and Audi in the world's biggest car market, two individuals closely involved in the effort said. Reviving Acura is …

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Exclusive: With luxury Acura makeover, Honda aims for brand survival, China revival

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