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Volkswagen brand chief says no plans to step down despite investigation

Volkswagen's brand chief, Herbert Diess, is not planning to resign even though he is the subject of investigation by public prosecutors, he told a German newspaper. “It's not up for debate,” Diess told Sueddeutsche Zeitung in an interview published on Monday, when asked if he had thought about stepping down as a result of the probe. Volkswagen's reputation will take 12-18 months to recover from

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Volkswagen brand chief says no plans to step down despite investigation

market

Oil climbs as market seen in balance, but slow demand weighs

By Ahmad Ghaddar LONDON (Reuters) – Oil prices rose on Monday following comments from the Saudi energy minister that the market was heading towards balance, although signs of slowing demand in Asia weighed. The energy minister of Saudi Arabia, the world's top crude exporter, and …

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Oil climbs as market seen in balance, but slow demand weighs

market

Tesla plans to sell $1.7 billion in new stock to fund Model 3

By Paul Lienert and Alexandria Sage DETROIT/SAN FRANCISCO (Reuters) – Tesla Motors Inc will offer up to $1.7 billion of new common stock to finance the accelerated launch of its new Model 3 electric sedan, the electric luxury car maker said on Wednesday. Tesla shares fell 2.2 percent following the announcement, which came after the market closed. Tesla, which has posted operating losses since its initial public offering in June, 2010, said in a prospectus it expected to sell as many as 8.2 million shares at a price of $204.66 a share.

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Tesla plans to sell $1.7 billion in new stock to fund Model 3

market

Oil rally suggests supply worries wane, but for how long?

A rally in U.S. crude oil prices recently has put the market on its firmest footing since the rout started in 2014, with the spread between prices for near-term…

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Oil rally suggests supply worries wane, but for how long?

market

Siemens to buy CD-adapco for close to $1 billion: source

Siemens AG , Europe's biggest industrial group, has agreed to buy CD-adapco, a privately held U.S. engineering software firm, for close to $1 billion in cash, according to a person familiar with the matter. Siemens's deal with CD-adapco could be announced as early

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Siemens to buy CD-adapco for close to $1 billion: source

market

Top Twitter executives to leave company in reshuffle: source

By Yasmeen Abutaleb SAN FRANCISCO (Reuters) – Four senior Twitter executives are leaving the media company, which is also adding a new chief marketing officer and two board members, a source said on Sunday, outlining the biggest leadership changes since Jack Dorsey returned as chief executive…

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Top Twitter executives to leave company in reshuffle: source

market

Crude extends gains after surge on short-covering, cold spell

Oil prices soared 10 percent on Friday, one of the biggest daily rallies ever, as bearish traders who had taken out record short positions scrambled to close them, betting the market's long rout may finally be over. “Low crude oil prices continue to negatively impact high cost U.S. oil producers. A massive snowstorm on the U.S. East Coast helped stoke demand for oil for heating, helping

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Crude extends gains after surge on short-covering, cold spell

market

Oil prices hit eleven-year low as global supply balloons

By Catherine Ngai NEW YORK (Reuters) – Brent crude oil prices hit their lowest in more than 11 years on Monday, while U.S. crude flirted with seven-year lows on more signs that swelling global supply looked set to outpace tepid demand again next year. Global oil production is running close to record highs and, with more barrels poised to enter the market

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Oil prices hit eleven-year low as global supply balloons

market

Oil prices edge away from two-month low, but market outlook stays weak

By Henning Gloystein SINGAPORE (Reuters) – Crude oil prices edged away from over two-month lows in early Thursday trading, after a sharp slide on concerns the market would take much longer than many anticipated to rebalance as supplies far outstrip demand. Internationally traded Brent crude futures were at $46.18 a barrel, up 37 cents following a 3.4-percent fall the previous day. “Rising U.S. inventories continue to remain a major theme driving crude oil prices … Iraq is also increasing pressure on U.S. shale producers.

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Oil prices edge away from two-month low, but market outlook stays weak

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