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In U.S. lawsuits, VW tab at $15B

posted: 06/28/2016 1:59 a.m. Discuss

Volkswagen AG's price tag to settle lawsuits in the U.S. over its rigging of diesel emissions tests has jumped to more than $15 billion -- $5 billion more than previously reported, sources said Monday.

Warm seas put heat on fishermen

posted: 06/28/2016 1:58 a.m. Discuss

SEABROOK, N.H. -- The cod isn't just a fish to David Goethel. It's his identity, his ticket to middle-class life, his link to a historic industry.

Chinese steel merger welcome news to industry leader

posted: 06/28/2016 1:58 a.m. Discuss

China's second- and sixth-largest steelmakers by output have announced that they've entered restructuring talks, with analysts speculating it could lead to a merger creating the nation's biggest mill.

Report tries to estimate Uber drivers' earnings

posted: 06/28/2016 1:57 a.m. Discuss

Nearly two-thirds of Uber drivers use the ride-hailing service to collect additional income to supplement full- and part-time jobs. But in three large metropolitan cities, drivers make far less than the national average, about $20 per hour, after expenses.

Reselling swanky goods reaps profits

posted: 06/28/2016 1:56 a.m. Discuss

CARLSBAD, Calif. -- Tucked away in a nondescript office park, the luxury resale business Designer Vault recently opened a chic, chandeliered, appointment-only showroom to market what it claims to be the largest collection of vintage Chanel in the nation -- more than 1,500 handbags and accessories worth an estimated $2 million.

1,109-carat gem to be auctioned

posted: 06/28/2016 1:54 a.m. Discuss

The world's largest uncut diamond is about to be sold in a most uncommon way.

Business news in brief

posted: 06/28/2016 1:53 a.m. Discuss

EU agency certifies new Dassault jet

News in brief

posted: 06/28/2016 1:52 a.m. Discuss

800 suppliers plan pitches to Wal-Mart

Chipotle starts loyalty program

posted: 06/28/2016 1 a.m. Discuss

To get more diners back in the door after food-safety scares dramatically drove down sales, Chipotle is starting a loyalty program that rewards repeat customers.

Viacom CEO pushes to fast-track trial

posted: 06/28/2016 1 a.m. Discuss

LOS ANGELES -- Lawyers for Viacom Chief Executive Philippe Dauman on Monday pressed a Massachusetts court to fast-track a trial over his removal from the trust that will control the company.

Banks passing on passwords, turn to scans

posted: 06/27/2016 2:06 a.m. Discuss

The banking password likely is on the way out.

In Sao Paulo, Uber takes to skies

posted: 06/27/2016 2:05 a.m. Discuss

The thunderous chop of helicopter blades echoes from the glassy facades of skyscrapers as top bank executives return from weekend beach jaunts. The ear-splitting migration is heard most Sundays in the financial district of Sao Paulo, South America's biggest metropolis. But if Uber has its way, helicopter commutes will no longer be exclusively for Brazil's most elite financiers.

Israeli firm flying autonomous drones

updated: 06/27/2016 2:04 a.m. Discuss

JERUSALEM -- In two unmarked warehouses in Petah Tikva, Airobotics, an Israeli startup, is assembling, testing and developing an autonomous drone system.

With startup values falling, acquisitions expected to pick up

posted: 06/27/2016 2:04 a.m. Discuss

David Drummond has a simple explanation for why Alphabet Inc., one of the more acquisitive technology companies, has been sitting on its hands for more than a year.

ON COMPUTERS: Google improving Project Fi cellular service, keeping it inexpensive

posted: 06/27/2016 2:03 a.m. Discuss

We love our cellphone service from Google's new Project Fi, which we switched to almost three months ago after it won a user-satisfaction poll. It only works with Google Nexus phones, but if you get one, your bill might be as low as $20 a month with tax.

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