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Volkswagen, Justice Dept. nearing $3 billion deal to resolve diesel allegations

By David Shepardson and Joel Schectman WASHINGTON (Reuters) – Volkswagen AG and the U.S. Justice Department are nearing an agreement to resolve the government's civil and criminal investigations that would require the German automaker to pay a penalty of more than $3 billion, sources briefed on the talks said on Friday. Volkswagen is also expected to face oversight by an outside…

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Volkswagen, Justice Dept. nearing $3 billion deal to resolve diesel allegations

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In sign of more hawkish Fed, Evans nods to three rate hikes

Chicago Federal Reserve President Charles Evans said on Friday the central bank could raise interest rates three times this year, faster than he had expected just a few months ago and in line with the majority of his colleagues. The comments from Evans, a voting member of the Fed's policy committee this year, reinforced the view that the Fed could step up the pace of its rate hiking campaign if the incoming Trump administration unleashed a fiscal stimulus.

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In sign of more hawkish Fed, Evans nods to three rate hikes

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U.S. economic activity expanded, but conditions mixed: Fed

U.S. economic activity continued to expand in most districts from early January to late February but conditions varied considerably across regions and within sectors, the Federal Reserve said on Wednesday. The decidedly mixed picture illustrates the headache Fed policymakers face when they next meet to decide the path of interest rates on March 15-16. Consumer spending increased in

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U.S. economic activity expanded, but conditions mixed: Fed