Thursday 10 January 2019

Daily Investor Update: Fiat Chrysler agrees to $800 million U.S. diesel-emissions settlement

Reuters.com Newsletter

Fiat Chrysler agrees to $800 million U.S. diesel-emissions settlement

Fiat Chrysler Automobiles NV has agreed to a settlement worth about $800 million (£627 million) to resolve claims from the U.S. Justice Department and state of California that it used illegal software that produced false results on diesel-emissions tests, but still faces an ongoing criminal probe.

Investors ask how the Bezos divorce will affect Amazon

Amazon.com Inc shares seesawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans.

U.S. judge lets Buffett's Dairy Queen sue W.B. Mason over 'Blizzard'

A federal judge in Minnesota ruled this week that Dairy Queen, owned by Warren Buffett's Berkshire Hathaway Inc , may pursue its lawsuit to stop W.B. Mason Co from selling "Blizzard" bottled spring water, the name it uses for a popular ice cream product.

Macy's shares plunge as weak holiday sales prompt forecast cut

Shares of Macy's Inc plunged 17 percent in early trading on Thursday, after the department store operator cut same-store sales forecast for the full year due to weak demand during mid-December.

Sears chairman confirms new $5 billion bid to save bankrupt retailer

Sears Holdings Corp Chairman Eddie Lampert confirmed on Thursday he has made a new takeover bid of more than $5 billion for the company, an offer that may significantly increase the likelihood the U.S. department store will be able to stay in business.

Wall Street seesaws higher after comments by Fed's Powell

Wall Street rose in a seesaw session on Thursday, tentatively on track for its fifth straight day of gains as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy's pummeled retail stocks.

Stocks rise for fifth straight day as the Fed supports

An index of world stock markets edged higher on Thursday as worries over the lack of clear signs of a resolution to the U.S.-China trade spat were offset by an assurance by Federal Reserve Chairman Jerome Powell that the U.S. central bank has the ability to be patient on monetary policy.

Prosecutors set to indict Nissan's Ghosn again on Friday: source

Japanese prosecutors plan to indict former Nissan Motor Co Ltd Chairman Carlos Ghosn on two more charges of financial misconduct on Friday, a person with knowledge of the issue said, bringing the total number to three.

Renault, Nissan boards get investigation updates before expected new Ghosn indictment

The boards of Renault and Japanese partner Nissan met on Thursday for an update on ongoing investigations surrounding alleged financial misconduct by alliance boss Carlos Ghosn, both companies said.

Germany's Bosch to pay $131 million to settle U.S. diesel emissions claims

German auto supplier Robert Bosch GmbH [ROBG.UL] will pay around $131 million to settle claims from Fiat Chrysler Automobiles NV U.S. diesel owners and resolve all investigations by 47 U.S. state attorneys general into its involvement with diesel vehicles.

Related Videos

Introducing the all-new
Reuters News app

The new Reuters News app is here, redesigned from the ground up to fit your busy life.

Get it now on iOS