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Friday, October 09, 2015, 7:22 a.m.
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Broke trust, VW's U.S. chief tells Congress

posted: 10/09/2015 2:33 a.m. Discuss

WASHINGTON -- Volkswagen's top U.S. executive apologized Thursday for the automaker's rigged vehicles and members of Congress said the company had violated the public's trust.

Union, Fiat Chrysler reach deal, avert strike

posted: 10/08/2015 2:06 a.m. Discuss

Fiat Chrysler Automobiles NV and the United Auto Workers averted a strike that would have sent the union's 40,000 members walking off the job.

Business news in brief

posted: 10/08/2015 2:03 a.m. Discuss

SABMiller snubs fellow giant's bigger bid LONDON -- Anheuser-Busch InBev increased the pressure on SABMiller on Wednesday to agree to a takeover, saying it was now willing to pay about $104 billion for its rival.

VW ratchets up damage outlook

posted: 10/07/2015 2:12 a.m. Discuss

Volkswagen's new chief executive warned Tuesday that the financial impact from the company's emissions cheating diesel engines would be more damaging than previously acknowledged, saying the company would delay or cancel planned new investments and might have to cut jobs.

EU court strikes data-sharing pact

posted: 10/07/2015 2:07 a.m. Discuss

Europe's highest court on Tuesday struck down an international agreement that had made it easy for companies to move people's digital data between the European Union and the United States.

Union threatens walkout over Fiat pact

posted: 10/07/2015 2:02 a.m. Discuss

The United Auto Workers union is threatening to go on strike against Fiat Chrysler after its membership rejected a tentative contract deal with the company.

Europe's top court rules data sharing pact with U.S. invalid

posted: 10/06/2015 11:05 a.m. Discuss

LUXEMBOURG — Europe's top court ruled Tuesday that data stored on U.S. servers isn't safe because of government spying, a giant blow to companies such as Facebook that might need to change the way they handle private data from Europe.

VW's inquiry focused on development arm

posted: 10/06/2015 2:39 a.m. Discuss

BERLIN -- As Congress prepares to question Volkswagen officials in Washington over its manipulation of American emissions tests, German media are reporting the company itself is focusing on three suspended development managers.

Business news in brief

posted: 10/06/2015 2:34 a.m. Discuss

Gas export hub planned for Louisiana

United States, 11 Pacific Rim countries reach trade deal

posted: 10/05/2015 11:11 a.m. Discuss

WASHINGTON — The United States and 11 other Pacific Rim countries have agreed to a trade pact that cuts trade barriers, sets labor and environmental standards and protects multinational corporations' intellectual property.

India next frontier for tech companies

updated: 10/05/2015 2:25 a.m. Discuss

BANGALORE, India -- U.S. technology companies desperately want to win over people like Rakesh Padachuri and his family.

Self-driving taxis to be tested in Japan

posted: 10/05/2015 2:19 a.m. Discuss

Japan will allow tests of self-driving taxis on public roads with passengers next year as the country readies itself to showcase the technology by the 2020 Tokyo Olympics.

Business news in brief

posted: 10/05/2015 2:17 a.m. Discuss

FDA OKs drug for advanced lung cancer

VW's troubles put chill in city carmaker built

posted: 10/04/2015 3:42 a.m. Discuss

WOLFSBURG, Germany -- Wolfsburg is the town that Volkswagen built -- literally put on the map in 1938 by the Nazis in pursuit of their dream of a "People's Car."

Leader: Politics tangles Cuba tie

posted: 10/03/2015 3:18 a.m. Discuss

Gov. Asa Hutchinson said Friday that there is "significant momentum" for increasing trade with Cuba, but Congress must take the next step.




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