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Volkswagen to pay $86 million in penalties to California over emissions

By Alex Dobuzinskis LOS ANGELES (Reuters) – Volkswagen AG will pay an additional $86 million in penalties to California over its emissions scandal, on top of a settlement of about $15 billion the automaker reached with U.S. officials last week, state Attorney General Kamala Harris said in a statement on Thursday. The scandal has disrupted Volkswagen's global business and sullied its reputation. The office of Harris, a Democrat, said the $86 million in …

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Volkswagen to pay $86 million in penalties to California over emissions

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Facebook faces U.S. tax exam over Ireland asset tranfer: lawsuit

(Reuters) – The U.S. Internal Revenue Service is examining Facebook Inc in connection with its transfer of various rights associated with its worldwide business to a holding company in Ireland, according to court papers. The U.S. Justice Department filed a lawsuit on Wednesday in federal court in San Francisco seeking to enforce IRS summonses served on Facebook and force the company to produce various documents as part of the agency's examination. (Reporting by Nate Raymond in New York; Editing

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Facebook faces U.S. tax exam over Ireland asset tranfer: lawsuit

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U.S. approves Charter’s Time Warner Cable buy with conditions

The U.S. Justice Department on Monday gave antitrust approval to Charter Communications Inc's proposed purchase of Time Warner Cable Inc and Bright House networks, which would create the second-largest U.S. broadband provider and third-largest video provider. The Justice Department's approval carried conditions designed to protect competition, coming at a time when the pay television industry faces stagnation due to new competition from over…

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U.S. approves Charter’s Time Warner Cable buy with conditions

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UAW election by set of VW Tennessee workers upheld by NLRB

VW had asked for a review of the election, which involved about 160 skilled trades workers at the plant, in which 71 percent voted to join the UAW. The plant has a total hourly workforce of about 1,400 workers.

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UAW election by set of VW Tennessee workers upheld by NLRB

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Wells Fargo’s systemic importance rose, says U.S. report

Wells Fargo & Co is the only large U.S. bank to become “significantly” more important to the global financial system in recent years, according to a report on Wednesday by a U.S. government research group. The Office of Financial Research, a financial stability watchdog housed within the U.S. Treasury Department, studied the …

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Wells Fargo’s systemic importance rose, says U.S. report

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U.S. judge sets April 21 deadline for VW diesel fix

By Alexandria Sage SAN FRANCISCO (Reuters) – A federal judge on Thursday gave Volkswagen AG and U.S. regulators until April 21 to agree on a fix for the nearly 600,000 diesel vehicles on U.S. roadways caught up in VW's massive emissions cheating scandal. U.S. District Judge Charles Breyer had earlier set a March 24 deadline for Europe's biggest automaker to explain where it stood on remediation efforts, after months of talks with the …

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U.S. judge sets April 21 deadline for VW diesel fix

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Canon to buy Toshiba Medical for around $6.2 billion: Nikkei

TOKYO (Reuters) – Japan's Canon Inc is set to buy Toshiba Corp's medical equipment unit for 700 billion yen ($6.2 billion), beating rival Fujifilm Holdings Corp in a hotly contested auction, the Nikkei business daily reported on Wednesday.

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Canon to buy Toshiba Medical for around $6.2 billion: Nikkei

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Sharp’s banks set to offer additional aid as part of Foxconn deal: source

By Taro Fuse TOKYO (Reuters) – Sharp Corp's two main banks are set to lower interest rates on billions of dollars in loans and offer other financial support as part of a planned takeover by Taiwan's Foxconn, a source with direct knowledge of the plan said. The core banking units of Mitsubishi UFJ Financial Group Inc and Mizuho Financial Group Inc have extended the vast majority of Sharp's 510 billion yen ($4.5 billion) in syndicated loans which are…

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Sharp’s banks set to offer additional aid as part of Foxconn deal: source

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China’s ZTE says suppliers need to apply for U.S. export license

By Donny Kwok HONG KONG (Reuters) – Chinese telecommunications equipment maker ZTE Corp said on Wednesday its suppliers must seek licences to provide materials, in line with newly imposed U.S. restrictions on the company. The news, confirming a Reuters report on Tuesday, comes a day after the U.S. Commerce Department slapped export restrictions on ZTE for alleged Iran sanctions violations, a move that is expected to disrupt its sprawling global supply chain. The U.S. …

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China’s ZTE says suppliers need to apply for U.S. export license

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Pfizer hikes U.S. prices for over 100 drugs on January 1

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,

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Pfizer hikes U.S. prices for over 100 drugs on January 1

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