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Wednesday, August 24, 2016, 11:23 a.m.
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World Business
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Expect curbs, German tells U.K. banks

posted: 08/24/2016 2:11 a.m. Discuss

The European Union won't bend its rules to preserve access for London's financial district once Britain leaves the bloc, according to German lawmaker Michael Fuchs, an ally of Chancellor Angela Merkel.

VW, supplier strike deal, end standoff

posted: 08/24/2016 2:07 a.m. Discuss

Volkswagen AG negotiated through the night to reach a deal Tuesday with a supplier, ending a six-day standoff that halted production of Golf and Passat cars after the parts-maker refused to provide seat and transmission components.

Business news in brief

posted: 08/24/2016 2:05 a.m. Discuss

Small investors to vote on beer merger LONDON -- A British court has ruled that two groups of shareholders in brewing company SABMiller should vote separately on the $104 billion takeover offer made by rival Anheuser-Busch InBev, effectively giving smaller investors an outside chance to derail the deal.

Cut off by supplier, VW parleys

posted: 08/23/2016 2:17 a.m. Discuss

Volkswagen AG held emergency talks Monday with a supplier in a dispute that's forced VW to halt production of its best-selling Golf and Passat vehicles after the parts-maker cut off deliveries of transmission and seat components.

Spending on travel growing but pace slower, report says

posted: 08/23/2016 2:12 a.m. Discuss

NEW YORK -- Global travel spending is still growing, although at a slower pace, despite weakening economies and fears over terrorism.

China's OK likely for Uber deal

posted: 08/22/2016 2:06 a.m. Discuss

An alliance between the top two players in an industry often piques an antitrust watchdog's scrutiny. Less so with the Chinese mega-merger between the two largest on-demand ride services on the planet, Uber Technologies Inc. and local champion Didi Chuxing.

Oil firms in battle to keep cost cuts

posted: 08/21/2016 1:54 a.m. Discuss

Mad Dog, BP PLC's drilling project deep in the Gulf of Mexico, could be Exhibit A in the oil industry's war on cost.

Auditor revels in wrap on $5.2B canal job

posted: 08/21/2016 1:52 a.m. Discuss

PHILADELPHIA -- The word "audit" usually conjures a boring -- and sometimes terrifying -- tableau of invoices, spreadsheets and calculators. But ask Robert Bright about a construction audit that his Philadelphia firm, Talson Solutions, just wrapped, and he breaks out a slideshow of what could be mistaken for an exotic vacation.

Parts supplier cuts off VW, closing plants

posted: 08/20/2016 1:53 a.m. Discuss

Volkswagen AG factories in Germany are grinding to a halt after a supplier cut off the automaker as the two battle in court and engage in a public war of words about who's to blame for the impasse.

Business news in brief

posted: 08/18/2016 2 a.m. Discuss

USDA funds farmer recruiting in state BRINKLEY -- The U.S. Department of Agriculture has awarded nearly a half-million dollars to an east Arkansas project aimed at supporting new farmers and ranchers.

Mining giant $6.4B in the hole for year

posted: 08/17/2016 2:08 a.m. Discuss

The world's biggest miner, BHP Billiton, on Tuesday reported a $6.4 billion loss -- the Anglo-Australian company's worst-ever full-year result -- resulting from weak commodity prices, a plunge in the value of its U.S. shale oil assets and a costly dam disaster in Brazil.

Business news in brief

posted: 08/17/2016 2:05 a.m. Discuss

EPA toughens fuel standards for trucks A second phase of standards related to greenhouse gas emissions and fuel efficiency for medium- and heavy-duty vehicles was released Tuesday by the Environmental Protection Agency and the U.S. Department of Transportation's National Highway Traffic Safety Administration.

Japan's GDP growth in 2Q a tepid 0.2%

posted: 08/16/2016 2:03 a.m. Discuss

TOKYO -- Japan's economy barely grew in the April-June quarter, as weaker exports and business investment weighed on the faltering recovery.

Advisers see boom in 'robo' investing

posted: 08/16/2016 2:02 a.m. Discuss

More financial services firms are betting on higher demand for "robo" financial advice services, which allow clients to use a computer rather than flesh-and-blood advisers to help them make decisions on investing their money. But a recent study found most baby boomers still prefer the human touch when it comes to managing their retirement assets.

Electric car 'range anxiety' often overblown, study shows

posted: 08/16/2016 2 a.m. Discuss

Electric vehicles appear to be growing in popularity, yet skeptics remain among drivers who fear that their car batteries could run out of charge and strand them far from a recharging station.

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