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Volkswagen reaches deal with 80,000 U.S. 3.0-liter vehicle owners

A federal judge said on Thursday that Volkswagen AG has reached an agreement in principle to provide “substantial compensation” to the owners of about 80,000 3.0-liter polluting diesel vehicles, a key hurdle to resolve the German automaker's emissions scandal. U.S. District Judge Charles Breyer did not disclose the amount of owner compensation, which

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Volkswagen reaches deal with 80,000 U.S. 3.0-liter vehicle owners

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U.S. sues Barclays, ex-executives for mortgage securities fraud

The U.S. Department of Justice on Thursday sued Barclays Plc and two former executives on civil charges of fraud in the sale of mortgage-backed securities during the run-up to the 2008-09 financial crisis. The lawsuit was filed after Barclays resisted a penalty the U.S. government had sought in settlement negotiations, a person familiar with the matter said. Major U.S. banks, including JPMorgan Chase & Co and Bank of America Corp , have paid tens of millions of dollars to settle …

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U.S. sues Barclays, ex-executives for mortgage securities fraud

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Uber raises $3.5 billion from Saudi Arabia’s sovereign wealth fund

By Heather Somerville SAN FRANCISCO (Reuters) – Uber [UBER.UL] has raised $3.5 billion from Saudi Arabia's sovereign wealth fund, the U.S. ride-hailing service said on Wednesday, gaining a crucial partner in its expansion into the Middle East. The investment from the Saudi Arabian Public Investment Fund…

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Uber raises $3.5 billion from Saudi Arabia’s sovereign wealth fund

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Uber’s real estate footprint unmatched among S.F. Bay Area startups

By Heather Somerville SAN FRANCISCO (Reuters) – Uber's new Oakland headquarters is about four times bigger than Internet radio service Pandora Media's office nearby, and will house about five times the number of employees that ride-hailing competitor Lyft has at its headquarters. The on-demand ride service paid $123.5 million for Oakland's historic Sears building last year and has so far filed building permits to complete at least $2 million in renovations, according to BuildZoom, a startup that compiles construction and remodeling contractor…

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Uber’s real estate footprint unmatched among S.F. Bay Area startups