Corporate news - the best personalized free web-based Email en en Corporate news German prosecutors investigating VW's Mueller over scandal BERLIN (AP) — Stuttgart prosecutors said Wednesday they're investigating whether Volkswagen CEO Matthias Mueller and two others, including Mueller's predecessor, manipulated markets by not releasing information about VW's diesel cheating soon enough. The probe relates to Mueller and the others' roles as executives in 2015 at Stuttgart-based Porsche Automo... Wed, 17 May 2017 10:10:00 GMT 2017-05-17T10:10:00Z Spend more, tax the rich: UK's Labour stakes election turf LONDON (AP) — Britain's main opposition Labour Party appealed to voters Tuesday with promises to increase the minimum wage, boost spending on health, education and infrastructure, nationalize key industries — and pay for it all by raising taxes on high earners. Labour leader Jeremy Corbyn said the party has a "radical and responsible" program "for the man... Tue, 16 May 2017 13:03:00 GMT 2017-05-16T13:03:00Z Russian magnate sues AP over story on Trump campaign ties WASHINGTON (AP) — A Russian billionaire with ties to Vladimir Putin is suing The Associated Press for defamation over a story about his connections to a former Trump campaign chairman. Aluminum magnate Oleg Deripaska filed a federal defamation and libel lawsuit Monday over the March 22 story about his business ties with Paul Manafort. D... Tue, 16 May 2017 12:35:00 GMT 2017-05-16T12:35:00Z Feds and Walmart allege canned tuna prices fixed BANGKOK (AP) — Executives of the most popular tuna brands in the U.S. — Chicken of the Sea, Bumble Bee and StarKist — conspired regularly to keep prices high for consumers with a taste for one of America's favorite sandwich ingredients, according to criminal and civil court records updated this week. A typical can of tuna today costs about $1.50 and the U... Tue, 16 May 2017 10:00:00 GMT 2017-05-16T10:00:00Z European car sales drop in April but remain up for the year MILAN (AP) — European car sales dipped by 6.6 percent in April due to the impact of the Easter holiday, but remained up overall in the first four months. The ACEA European carmakers' association said Tuesday that 1.1 million units were sold in April, with Britain posting a nearly 20-percent decline. Germany, France and Italy had single-digit slides. ... Tue, 16 May 2017 09:42:00 GMT 2017-05-16T09:42:00Z Billboard urges Iowa Senator to allow Trump-Russia probe DES MOINES, Iowa (AP) — A group has taken out a billboard ad down the block from Republican Sen. Chuck Grassley's Des Moines offices calling on the Senate Judiciary Committee chairman to allow an independent investigation of the Trump campaign's possible ties to Russia. The digital billboard around the corner from Grassley's regional office in Des Moines ... Mon, 15 May 2017 21:31:00 GMT 2017-05-15T21:31:00Z The Latest: More US firms believed hit by cyberattack NEW YORK (AP) — The latest on the global extortion cyberattack that hit dozens of countries (all times local): 3:25 p.m. A law enforcement official says investigators believe additional companies in the United States have been affected by the global "ransomware" software cyberattack but have not yet come forward to report the attacks. ... Mon, 15 May 2017 19:31:00 GMT 2017-05-15T19:31:00Z Italian, Spanish firms seek to create infrastructure giant MADRID (AP) — Spain's Abertis transport infrastructure group says it is the target of a friendly takeover bid by Italian company Atlantia that values the Spanish firm at 16.4 billion euros ($18 billion). The Rome-based company says the takeover aims to create a world leader in transport infrastructure management, with annual earnings before deductions of ... Mon, 15 May 2017 10:45:00 GMT 2017-05-15T10:45:00Z Western Digital seeks arbitration on Toshiba chips unit sale TOKYO (AP) — Western Digital is seeking arbitration in a dispute with its joint venture partner Toshiba Corp. over the sale of the Japanese electronics giant's computer-chip business. Toshiba wants to sell the lucrative chips unit to repair its finances, but Western Digital is demanding Toshiba first obtain its consent. Tokyo-based Tosh... Mon, 15 May 2017 10:17:00 GMT 2017-05-15T10:17:00Z Toshiba reports massive loss for year over Westinghouse woes TOKYO (AP) — Toshiba, whose U.S. nuclear unit Westinghouse has filed for bankruptcy protection, is reporting a 950 billion yen ($8.4 billion) net loss for the fiscal year ended March. The Japanese electronics giant's results have failed to win auditors' approval from the previous quarter, after questions were raised over the acquisition of U.S. nuclear construction company C... Mon, 15 May 2017 06:48:00 GMT 2017-05-15T06:48:00Z The Latest: Researcher who helped halt cyberattack applauded LONDON (AP) — The Latest on the global cyberattack (all times local): 9:25 p.m. Cybersecurity officials in Britain have applauded a young researcher for helping halt the global ransomware cyberattack. In a post on its website, Britain's National Cyber Security Center said that by registering a domain name that unexpec... Sun, 14 May 2017 01:31:00 GMT 2017-05-14T01:31:00Z Audi, Porsche recall SUVs for possible fuel-pump leaks NEW YORK (AP) — Audi and Porsche are recalling a total of nearly 300,000 SUVs because they may develop cracks that cause fuel to leak, which raises the risk of fire. Volkswagen Group of America's Audi recall covers 240,487 Q5 and Q7 vehicles, with model years ranging from 2013 to 2017. Dealers will replace fuel-pump flanges that have cracks and apply a protective film to tho... Sat, 13 May 2017 16:49:00 GMT 2017-05-13T16:49:00Z Mnuchin: US partners more comfortable with Trump on trade BARI, Italy (AP) — U.S. Treasury Secretary Steven Mnuchin said Saturday that major trading partners are "much more comfortable" with the Trump administration's stance on trade and tax policy and understand that they will benefit from the intended U.S. growth. Mnuchin spoke after face-to-face meetings with major trade partners such as Germany, Japan and Ca... Sat, 13 May 2017 14:01:00 GMT 2017-05-13T14:01:00Z Trump lawyers: Documents show no undisclosed Russian income WASHINGTON (AP) — Lawyers for President Donald Trump said Friday that a review of his last 10 years of tax returns did not reflect "any income of any type from Russian sources," but their letter included exceptions related to previously cited income generated from a beauty pageant and sale of a Florida estate. The letter represented the latest attempt by ... Sat, 13 May 2017 06:25:00 GMT 2017-05-13T06:25:00Z Dozens of countries hit by huge cyberextortion attack NEW YORK (AP) — Dozens of countries were hit with a huge cyberextortion attack Friday that locked up computers and held users' files for ransom at a multitude of hospitals, companies and government agencies. It was believed to the biggest attack of its kind ever recorded. The malicious software behind the onslaught appeared to exploit a vulnerability in M... Sat, 13 May 2017 03:53:00 GMT 2017-05-13T03:53:00Z World cyberattack cripples UK hospitals, demands ransoms LONDON (AP) — Britain's health service was hit Friday by a huge international cyberattack that froze computers at hospitals across the country — an attack that shut down wards, closed emergency rooms and brought medical treatments to a screeching halt. Hospitals in areas across Britain found themselves without access to their computers or phone systems. M... Fri, 12 May 2017 19:10:00 GMT 2017-05-12T19:10:00Z NYC Icon Katz’s Deli Eyes Global Delivery Katz’s Delicatessen has been sending a salami to your boy in the Army since 1942. Now the New York City restaurant is preparing to expand its shipping... Fri, 12 May 2017 18:15:00 GMT 2017-05-12T18:15:00Z Unfair labor practices charged at Volkswagen's US plant NASHVILLE, Tenn. (AP) — The National Labor Relations Board has filed another unfair labor practices complaint against Volkswagen for hiking health insurance premiums and changing working hours of employees who voted for union representation at the German automaker's only U.S. plant. Volkswagen is in the midst of a legal challenge to NLRB rulings in favor ... Fri, 12 May 2017 16:49:00 GMT 2017-05-12T16:49:00Z Ram pickup air bags can fail in rollover; 1 death reported AUBURN HILLS, Mich. (AP) — Fiat Chrysler is recalling approximately 1 million Ram pickups in North America due to a software glitch that could prevent side air bags and seatbelts from deploying during a rollover. The company's U.S. division said Friday that it is aware of one death, two injuries and two accidents that may be related to the problem. The re... Fri, 12 May 2017 13:28:00 GMT 2017-05-12T13:28:00Z Markets Right Now: Retailers lead US stocks indexes lower The latest on developments in financial markets (All times local): 4:00 p.m. Stocks are closing broadly lower as a number of retailers drop after reporting disappointing results. Macy's plunged 17 percent Thursday after the struggling department store operator reported lower sales as more people shop online. ... Thu, 11 May 2017 20:08:00 GMT 2017-05-11T20:08:00Z Germany's SolarWorld files for insolvency as prices fall BERLIN (AP) — German solar panel maker SolarWorld AG has filed for insolvency, citing the effect of falling prices in the industry. The company said late Wednesday its management had concluded that "due to the ongoing price erosion and the development of the business, the company no longer has a positive going concern prognosis." It add... Thu, 11 May 2017 15:19:00 GMT 2017-05-11T15:19:00Z Germany's Siemens to cut 2,700 jobs as it modernizes IT unit BERLIN (AP) — German industrial conglomerate Siemens AG says it's cutting or outsourcing 2,700 jobs as part of efforts to modernize its IT operations and increase efficiency elsewhere. The Munich-based company said Thursday nearly 1,700 jobs will be cut in Germany over the next several years, and 1,000 more will be outsourced. Over the ... Thu, 11 May 2017 13:28:00 GMT 2017-05-11T13:28:00Z Netflix to hire hundreds for new Amsterdam customer hub THE HAGUE, Netherlands (AP) — Streaming service Netflix says it will hire 400 staff for its new Amsterdam-based European customer service headquarters and plans to announce at least six new original European projects before the end of 2017. Netflix said Thursday that the first new series, "Dogs of Berlin," will be written, produced and shot in Germany and... Thu, 11 May 2017 13:25:00 GMT 2017-05-11T13:25:00Z Hearing in Prague on Russian hacker extradition delayed PRAGUE (AP) — An extradition hearing in the Czech Republic for a Russian man who faces U.S. charges of hacking computers at American companies has been delayed for procedural reasons. Judge Jaroslav Pytloun delayed the hearing until May 30 due to formal objections from Yevgeniy Nikulin's defense lawyers. They say Nikulin has not receive... Thu, 11 May 2017 12:45:00 GMT 2017-05-11T12:45:00Z Spain: Court seeks trial of ex-IMF chief over bank flotation MADRID (AP) — Spain's National Court recommends former IMF chief Rodrigo Rato and 31 others should stand trial for fraud and falsifying financial statements in relation to the 2011 flotation of Bankia savings bank, which was later bailed out. The case comes on top of another in which Rato and 64 others were sentenced for misusing Bankia's corporate credit... Thu, 11 May 2017 10:14:00 GMT 2017-05-11T10:14:00Z UniCredit first quarter profits double under new leadership MILAN (AP) — Italy's largest bank by assets, UniCredit, says net profits more than doubled in the first quarter, with all divisions showing improvement under new management. The bank said Thursday that its net profit for the first three months of the year was 907 million euros ($986 million), up from 406 million euros a year earlier, when the bank was hit by a one-time restr... Thu, 11 May 2017 08:54:00 GMT 2017-05-11T08:54:00Z Uber chases GrabTaxi in Myanmar, expanding in Southeast Asia YANGON, Myanmar (AP) — The private ride-hailing service Uber officially launched operations Thursday in Myanmar's main city Yangon, aiming to tap into one of the world's youngest and fastest-growing online markets. The launch follows Singapore-based GrabTaxi's debut, which began a trial run in the Southeast Asian country about six weeks ago. Uber is one o... Thu, 11 May 2017 08:33:00 GMT 2017-05-11T08:33:00Z Moller-Maersk profit up as oil unit improves, shipping lags COPENHAGEN, Denmark (AP) — Danish shipping and oil group A.P. Moller-Maersk says its first-quarter profit increased by 19.1 percent to $253 million, partly thanks to an improvement at the energy division. Revenue of $8.96 billion was just higher than in the same period a year earlier. Chief Executive Soeren Skou said the Maersk Oil unit delivered strong e... Thu, 11 May 2017 08:10:00 GMT 2017-05-11T08:10:00Z AP releases in-depth review of its coverage of Nazi Germany NEW YORK (AP) — The Associated Press has conducted an in-depth review of its operations in Nazi Germany, concluding that the news agency acted as "forthrightly and independently as possible." But the review also found AP handled some situations inadequately. The review was undertaken after an article published last year contended that the AP allowed Nazi ... Wed, 10 May 2017 21:06:00 GMT 2017-05-10T21:06:00Z Peugeot maker's shareholders approve buyout of GM's Opel PARIS (AP) — Shareholders of Peugeot's parent company PSA Group have agreed to the financial plans for buying General Motors' European operations, including the Opel and Vauxhall brands. The French carmaker said in a statement that shareholders Wednesday "approved the measures of proposed financing" for the $2.3 billion acquisition announced in March. ... Wed, 10 May 2017 13:44:00 GMT 2017-05-10T13:44:00Z