Volkswagen reaches $33.5 million diesel emissions settlement with Maryland
WASHINGTON (Reuters) – Volkswagen AG has reached a $33.5 million settlement with Maryland over state claims related to the German automaker’s excess emissions, court documents show.
Source: Reuters Business News
Boeing cruises past forecasts, sees no sign of cost trouble
(Reuters) – Boeing Co’s profit surged past Wall Street estimates in the first quarter and booming demand for commercial jets pushed the world’s biggest planemaker to raise forecasts for cash flow and earnings in what promises to be another record year.
Source: Reuters Business News
Chevron evacuates Venezuela executives following staff arrests
(Reuters) – U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter.
Source: Reuters Business News
Chipotle rallies ahead of debut report from new CEO
SAN FRANCISCO (Reuters) – Shares of Chipotle Mexican Grill rallied on Wednesday ahead of the company’s first quarterly report under a new chief executive hired to turn around the struggling burrito chain.
Source: Reuters Business News
Volatile ruble encourages McDonald's to cook up Russian fries
LIPETSK, Russia (Reuters) – French fries at McDonald’s restaurants from Moscow to Murmansk will be Russian from now on, as the American fast-food chain turns to homegrown potatoes to deal with rouble volatility caused by fluctuating oil prices and Western sanctions.
Source: Reuters Business News
Protesters greet Amazon's Jeff Bezos in Germany
BERLIN (Reuters) – Hundreds of Amazon workers blew whistles and banged drums on Tuesday to protest against the presentation of a German award to Jeff Bezos, the ecommerce firm’s chief executive.
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United Airlines CEO forgoes 2017 bonus, board chairman to step down
NEW YORK (Reuters) – United Airlines’ chief executive decided to do without his 2017 annual bonus and the carrier’s board chairman will step down, United said in a regulatory filing on Monday, amid ongoing fallout surrounding its customer-service failures.
Source: Reuters Business News
Wall Street sunk by corporate cost warnings, bond nerves
(Reuters) – Wall Street dropped sharply on Tuesday as concerns over marquee companies warning of higher costs were exacerbated by the benchmark U.S. 10-year Treasury yield piercing the 3-percent level for the first time in four years.
Source: Reuters Business News
Bitcoin climbs to six-week high as market sentiment improves
NEW YORK (Reuters) – Bitcoin rose to a six-week high on Tuesday on positive headlines that included the possible entry of major financial institutions into the space, lifting sentiment on the overall cryptocurrency market.
Source: Reuters Business News
Herbalife prepared secret report to get into Ackman's thinking: book
NEW YORK (Reuters) – Herbalife Ltd. commissioned a secret report to understand what made activist investor William Ackman tick as he accused the company of being a fraud and bet its share price would collapse to zero, a new book shows.
Source: Reuters Business News