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Exclusive: Some Ambac shareholders call on CEO to quit, cite delays in paying claims – sources

Three of Ambac Financial Group Inc's top ten shareholders are calling on its new CEO Nader Tavakoli to step down, according to people familiar with the matter. One of the reasons they give is that he is slow to settle $4 billion in insurance claims in which at least two of them have an interest, the sources said. The policy claims relate to complex financial

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Exclusive: Some Ambac shareholders call on CEO to quit, cite delays in paying claims – sources

are-confident

Chipotle ‘confident’ it can stop outbreaks, shares rise

By Lisa Baertlein and Noel Randewich LOS ANGELES/SAN FRANCISCO (Reuters) – Chipotle Mexican Grill Inc executives on Wednesday said they are confident that steps they are taking to tighten food safety at the popular burrito chain will prevent…

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Chipotle ‘confident’ it can stop outbreaks, shares rise

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

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

(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