Thursday 29 March 2018

VW storing around 300,000 diesels at 37 facilities around U.S.

VW storing around 300,000 diesels at 37 facilities around U.S.

(Reuters) - Volkswagen has taken parking lots to a whole new level in the United States and will not be emptying them soon.

Facebook begins 'fact-checking' photos and videos

SAN FRANCISCO (Reuters) - Facebook Inc said on Thursday it had begun "fact-checking" photos and videos to reduce the hoaxes and false news stories that have plagued the world's largest social media network.

Trump escalates attack on Amazon, focusing on tax, shipping

WASHINGTON (Reuters) - U.S. President Donald Trump accused Amazon.com Inc on Thursday of not paying enough tax, taking advantage of the U.S. postal system and putting small retailers out of business, without offering evidence to back up his criticisms or suggesting any specific actions he would take.

Eager for calming news, investors look to earnings

NEW YORK (Reuters) - Nervous stock investors are hoping an unusually U.S. strong earnings season can restore some of the optimism that characterized equity markets last year.

Apple unveils new privacy tools ahead of EU law

BRUSSELS (Reuters) - Apple is introducing new tools that will allow consumers to control how their data are used and deactivate their Apple ID accounts, as tech companies strive to bring their services into line with a tough new EU data protection law.

GE charge, restatement may help explain cash issues

NEW YORK (Reuters) - General Electric Co is poised to shine light into a sizable part of its financial black box, an area that governs how it estimates revenue from long-term contracts.

Twelve percent of cable customers would switch if Turner went dark, court hears

(Reuters) - Twelve percent of subscribers would quit their cable or satellite companies if Time Warner Inc's Turner networks were no longer available, a Massachusetts Institute of Technology marketing professor said on Thursday.

Melrose wins UK engineer GKN with $11 billion hostile bid

LONDON (Reuters) - Melrose Industries has narrowly clinched an 8 billion-pound ($11 billion) takeover of British engineer GKN , winning an acrimonious three-month battle for control of the FTSE 100 company.

FirstEnergy seeks emergency lifeline for U.S. nuclear, coal plants

NEW YORK/WASHINGTON (Reuters) - U.S. power company FirstEnergy Corp urged the federal government on Thursday to evoke little-used emergency powers to help it keep several struggling nuclear and coal-fired power plants open, a move critics blasted as an attempt at a corporate bailout.

Ford CEO Jim Hackett earned $16.3 million as profit dropped

DETROIT (Reuters) - Ford Motor Co Chief Executive Officer Jim Hackett earned salary, bonus and stock awards of $16.3 million in 2017, while adjusted pretax profit for the automaker dropped $1.9 billion from 2016, the company said on Thursday.

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