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Facing U.S. storm, VW set for easier ride in Europe on emissions scandal

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 …

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Facing U.S. storm, VW set for easier ride in Europe on emissions scandal

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American Airlines merges operations of unit U.S. Airways

(Reuters) – American Airlines Group Inc said its unit U.S. Airways Group merged with the company, as part of efforts to integrate operations of the businesses following a merger in 2013. American Airlines Group, the owner of American Airlines, said U.S. Airways Group and its airline U.S. Airways ceased to exist as a separate entity effective Dec. 30, 2015. “With US Airways merged into American Airlines and U.S. Airways Group merged into American Airlines Group, all of their obligations (including debts and liabilities) become…

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American Airlines merges operations of unit U.S. Airways

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Jobless claims rise sharply during holiday week

The number of Americans filing new claims for unemployment benefits rose sharply last week, a potential signal the job market was losing steam although some of the increase might be attributed to temporary holiday factors. Initial claims for state unemployment benefits rose 20,000to a seasonally adjusted 287,000 for the week ended Dec.26, the U.S. Labor Department said on Thursday. Many economists expect a slower pace of job market improvement in 2016 even as the unemployment rate falls further from its current 5 percent.

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Jobless claims rise sharply during holiday week

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U.S. employment report a green light for Fed interest rate rise

By Lucia Mutikani WASHINGTON (Reuters) – U.S. employment increased at a healthy pace in November, in another sign of the economy's resilience, and will most likely be followed by the first Federal Reserve interest rate rise in a decade later this month. Nonfarm payrolls rose

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U.S. employment report a green light for Fed interest rate rise

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Any doubts over about December Fed hike may be swept away

By Jonathan Cable LONDON (Reuters) – Inflation numbers from the United States on Tuesday could be the provider of the final domino in the Federal Reserve's track to raise interest rates next month. Earlier in November a robust report on U.S. employment hardened expectations for the Fed's first rate increase in nearly a decade and if prices are shown to be rising steadily those views will likely solidify. Minutes from the Fed's October meeting will also be published, giving an insight into the Committee's decision…

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Any doubts over about December Fed hike may be swept away

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Exclusive: Commodity trader Cargill restructures, cuts jobs – sources

By Sarah McFarlane LONDON (Reuters) – Cargill Inc [CARG.UL], one of the world's largest privately held corporations, has launched a restructuring that includes job cuts, one company source and four industry sources said on Friday, the latest casualty of a downturn in the farm economy. The 150-year-old company, a top commodities trader, is also closing offices, two of the industry sources said. The cutbacks at the Minnesota-based company come as global agricultural companies are under pressure from slumping commodity prices…

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Exclusive: Commodity trader Cargill restructures, cuts jobs – sources

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Pfizer-Allergan deal refocuses market on U.S. tax-inversion rules

Pfizer Inc's buyout bid for Allergan Plc has financial markets on edge over a possible new move by the U.S. Treasury Department against tax-inversion deals, but the outlook for any such

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Pfizer-Allergan deal refocuses market on U.S. tax-inversion rules

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