News
VW proposes catalytic converter to fix U.S. test cheating cars – Bild am Sonntag
January 11, 2016 by creative · Leave a Comment
Volkswagen engineers have come up with a catalytic converter that could be fitted to around 430,000 cars in the United States as a fix for vehicles capable of cheating emissions tests, German daily Bild am Sonntag reported. The converter would be fitted to cars with the first generation…
View original here:
VW proposes catalytic converter to fix U.S. test cheating cars – Bild am Sonntag
China market tsar in spotlight amid stock market turmoil
January 9, 2016 by elegant · Leave a Comment
By Matthew Miller and Shu Zhang BEIJING (Reuters) – Xiao Gang, China's stock market tsar, once remarked that the only thing he'd done right in life was marry his wife. No doubt the self-effacing Xiao, chairman of China Securities Regulatory Commission (CSRC), has
Originally posted here:
China market tsar in spotlight amid stock market turmoil
Japan’s Asahi to submit bid next week for SABMiller’s Grolsch and Peroni: Yomiuri
January 9, 2016 by publisher · Leave a Comment
Japanese beverage maker Asahi Group Holdings Ltd will submit a bid as early as next week to buy SABMiller PLC's Grolsch and Peroni beer brands for as much as 400 billion yen ($3.41 billion), the daily Yomiuri reported. If accepted, it would
Read the original:
Japan’s Asahi to submit bid next week for SABMiller’s Grolsch and Peroni: Yomiuri
China forex regulator says will ramp up risk control efforts
January 9, 2016 by admin · Leave a Comment
China's foreign exchange regulator said on Saturday it will ramp up risk control efforts, push ahead with regulatory reforms and look to accelerate the development of the country's foreign exchange market in 2016. The State Administration of Foreign Exchange (SAFE) made the comments in a statement on its website after concluding an internal meeting. It will also continue to promote the orderly opening of China's capital account and improve its management of foreign exchange reserves, it said.
More here:
China forex regulator says will ramp up risk control efforts
Pfizer hikes U.S. prices for over 100 drugs on January 1
January 9, 2016 by publisher · Leave a Comment
Pfizer Inc , which plans a $160-billion merger with Ireland-based Allergan Plc to slash its U.S. tax bill, on Jan. 1 raised U.S. prices for more than 100 of its drugs, some by as much as 20 percent,
Go here to see the original:
Pfizer hikes U.S. prices for over 100 drugs on January 1
Facing U.S. storm, VW set for easier ride in Europe on emissions scandal
January 9, 2016 by creative · Leave a Comment
By Barbara Lewis and Kirstin Ridley BRUSSELS/LONDON (Reuters) – Volkswagen is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime and its home country Germany's determination to protect its car industry, EU sources and legal experts say. The carmaker has been embroiled in crisis since last September, when it admitted it …
More here:
Facing U.S. storm, VW set for easier ride in Europe on emissions scandal
Volkswagen CEO to hold high-level talks in Washington on emissions scandal
January 7, 2016 by creative · Leave a Comment
By David Shepardson WASHINGTON (Reuters) – Volkswagen Chief Executive Matthias Mueller will meet with the top U.S. environmental regulator next week for the highest-level talks since the German automaker admitted to using software to evade emissions requirements for 580,000 U.S. vehicles. Mueller will meet with U.S. Environmental Protection Agency chief Gina McCarthy on Wednesday in Washington, at the request of Volkswagen, agency spokeswoman Laura Allen said. McCarthy told reporters …
Read more here:
Volkswagen CEO to hold high-level talks in Washington on emissions scandal
Yahoo looking to slash 10 percent or more of its workforce – Business Insider
January 7, 2016 by admin · Leave a Comment
“We are not confirming this rumor or commenting further”, Sarah Meron, a spokeswoman for Yahoo told Reuters on Thursday in an e-mail. This move follows activist investor Starboard Value LP's letter to Yahoo on Wednesday ramping up
Read the original:
Yahoo looking to slash 10 percent or more of its workforce – Business Insider
United Airlines fined $2.75 million over treatment of disabled, tarmac delays
January 7, 2016 by admin · Leave a Comment
The U.S. Transportation Department said it fined United Airlines $2.75 million on Thursday for breaking rules protecting air travelers with disabilities and prohibiting long tarmac delays. The airline, part of United Continental Holdings Inc, was also ordered not to break those rules in future, the department said in a statement.
Original post:
United Airlines fined $2.75 million over treatment of disabled, tarmac delays
Shire, Baxalta to announce merger as soon as Monday: sources
January 7, 2016 by elegant · Leave a Comment
The deal would come after Reuters first reported on Dec. 22 that Shire's latest offer for Baxalta had met the latter's valuation expectations. Baxalta shares were trading on Thursday just under $39 and Shire stock was at $190.45 a share. Both parties are confident tax concerns arising from Baxalta's spin out from Baxter International Inc will not be an impediment to the transaction but are waiting for a formal legal opinion to come through before signing their merger agreement, the people added.
The rest is here:
Shire, Baxalta to announce merger as soon as Monday: sources