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Bosch concealed Volkswagen use of ‘defeat device’ software: lawyers

September 7, 2016 by · Leave a Comment 

By David Shepardson WASHINGTON (Reuters) – Auto supplier Robert Bosch GmbH [ROBG.UL] concealed the use of Volkswagen AG's secret “defeat device” software that it helped design and demanded in 2008 that the German automaker provide legal protection in its use, lawyers for American owners alleged in a court filing. The filing on Friday in U.S. District Court in San Francisco expands on claims plaintiffs lawyers made in August, when they alleged Bosch was a “knowing and active participant” in Volkswagen's decade-long scheme to…

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Bosch concealed Volkswagen use of ‘defeat device’ software: lawyers

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Fed’s Williams says U.S. economy in good shape, wants rate hike

September 7, 2016 by · Leave a Comment 

A top Federal Reserve official on Tuesday repeated his call for gradual interest rate hikes, evidently unfazed by a slowdown in U.S. job gains and sluggishness in the services sector that now has traders betting against any rate hike at all this year. It “makes sense …

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Fed’s Williams says U.S. economy in good shape, wants rate hike