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EU gives initial OK to more Russia sanctions over Siemens, no final decision

July 27, 2017 by  
Filed under News

BRUSSELS (Reuters) – European Union states have given initial backing to a German proposal to blacklist several more Russian nationals and companies over the delivery of Siemens gas turbines to Crimea, but made no final decision, diplomats said.


Source: Reuters Business News

U.S. regulators approve fix for 326,000 VW diesels

July 27, 2017 by  
Filed under News

WASHINGTON (Reuters) – The U.S. Environmental Protection Agency and California Air Resources Board on Thursday approved a fix for 326,000 Volkswagen AG diesel cars, the agencies and the automaker said Thursday.


Source: Reuters Business News

Germany recalls Porsche Cayenne models over emissions software

July 27, 2017 by  
Filed under News

BERLIN (Reuters) – German Transport Minister Alexander Dobrindt on Thursday announced a recall of Porsche Cayenne models equipped with 3-litre diesel engines after finding potentially illegal emissions controlling software in the vehicles.


Source: Reuters Business News

Wall Street trims gains as tech stocks weigh

July 27, 2017 by  
Filed under News

(Reuters) – Wall Street trimmed gains in early afternoon trading on Thursday as tech stocks, including heavyweights Apple and Google parent Alphabet , edged lower.


Source: Reuters Business News

Ford results foreshadow tougher times for Detroit automakers

July 26, 2017 by  
Filed under News

DETROIT (Reuters) – Ford Motor Co on Wednesday joined rival General Motors Co in reporting higher-than-expected second-quarter profits, and in the next breath warning of a rougher ride for the rest of the year.


Source: Reuters Business News

Wall Street edges up after Fed holds tight on rates

July 26, 2017 by  
Filed under News

NEW YORK (Reuters) – U.S. stocks added slightly to gains on Wednesday after the Federal Reserve kept interest rates unchanged and said it expected to start winding down its massive holdings of bonds “relatively soon” in a sign of confidence in the U.S. economy.


Source: Reuters Business News

Fed holds rates steady, sees portfolio cuts 'relatively soon'

July 26, 2017 by  
Filed under News

WASHINGTON (Reuters) – The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings of bonds “relatively soon” in a sign of confidence in the U.S. economy.


Source: Reuters Business News

U.S. defense companies lift forecasts amid growing security concerns

July 26, 2017 by  
Filed under News

(Reuters) – Top U.S. weapons makers reported better-than-expected quarterly results and raised their full-year forecasts, buoyed by higher demand for fighter jets and tanks amid heightened security concerns around the world.


Source: Reuters Business News

Coca-Cola to sell Coke Zero Sugar in U.S.; profit beats

July 26, 2017 by  
Filed under News

(Reuters) – Coca-Cola Co said it would replace Coke Zero with a new sugar-free drink in the United States next month, as the company sharpens its focus on low and no-sugar versions of its sodas that helped best quarterly profit estimates.


Source: Reuters Business News

BMW halts project talks after Daimler blew whistle: Sueddeutsche

July 25, 2017 by  
Filed under News

BERLIN (Reuters) – BMW has suspended talks with Daimler on future cooperation projects after its rival disclosed alleged collusion among German carmakers to cartel authorities, Sueddeutsche Zeitung reported on Tuesday, citing industry sources.


Source: Reuters Business News

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