Business

2017 December. Page #1. Latest story: Around 6,000 Swiss VW owners seek damages in emissions scandal

Around 6,000 Swiss VW owners seek damages in emissions scandal

Reuters | Saturday December 30, 2017

ZURICH (Reuters) - Swiss consumer protection organization SKS has filed a claim with the Zurich commercial court on behalf of some 6,000 car owners seeking damages from Volkswagen AG and Swiss car dealer AMAG related to the "Dieselgate" emissions scandal.

Why Are Mutual Fund Fees So High? This Billionaire Knows

The New York Times | Saturday December 30, 2017

In an era of Amazonian price destruction, mutual funds are an outlier. Weak directors, complacent investors and the lure of rich profits are among the reasons.

Inside the Hollywood Home of Social Media's Stars. (Don't Be Shy.)

The New York Times | Saturday December 30, 2017

High jinks and networking abound at 1600 Vine Street, the apartment complex minting the next generation of Instagram and YouTube celebrities.

The BBC in Pidgin? People Like It Well-Well

The New York Times | Saturday December 30, 2017

The British broadcaster, once a bastion of “received pronunciation,” has learned that if it wants to reach new audiences, it needs to try new approaches.

Deutsche Bank to resume normal bonuses, some to get raises: CEO

Reuters | Saturday December 30, 2017

FRANKFURT (Reuters) - Deutsche Bank will resume the payment of normal bonuses for 2017, the bank's chief told a German newspaper, and some employees will get raises.

Guy Fieri is pulling the plug on perhaps the most mocked restaurant in America

The Washington Post | Saturday December 30, 2017

Guy’s American Kitchen on Times Square — Donkey Sauce and all — will close Dec. 31.

Kenichi Yamamoto, Father of Mazda's Rotary Engine, Is Dead at 95

The New York Times | Saturday December 30, 2017

He led the engineering team that produced an innovative answer to the conventional piston automotive engine. He later led the company.

Christmas May Be Over, but Holiday Shopping Is Not

The New York Times | Saturday December 30, 2017

In the last week of the year, called the 13th Month or the Second Season by retailers, e-commerce-fueled returns and gift cards send consumers back to buy more.

Wall Street quiet on last trading day of a strong year

Reuters | Friday December 29, 2017

NEW YORK (Reuters) - There were no fireworks on Wall Street for the last trading day of the year, as U.S. stocks closed out their best year since 2013 on a down note, with losses in technology and financial stocks keeping equities in negative territory for the session.

Separating the Good Honey From the Bad

The New York Times | Friday December 29, 2017

As a child, Maribel Ramirez used honey to soothe her brother's sores. Now she tests it for quality and taste.

Sharing an Office With Keebler Characters

The New York Times | Friday December 29, 2017

A Kellogg executive says you need to be uncomfortable to grow professionally and personally.

Brazilian regulator accuses Petrobras ex-executives of graft

Reuters | Friday December 29, 2017

SAO PAULO (Reuters) - Brazil's securities regulator formally accused eight former executives of state-run oil company Petroleo Brasileiro SA of corruption on Friday, as the world's largest graft investigation stretches deep into its third year.

BA owner IAG to buy insolvent Austrian holiday airline Niki

Reuters | Friday December 29, 2017

FRANKFURT (Reuters) - British Airways' owner IAG said on Friday it would buy Niki, Air Berlin's insolvent Austrian holiday airline, for 20 million euros ($24.01 million) and provide additional liquidity to the company of up to 16.5 million euros.

Unfiltered Fervor: The Rush to Get Off the Water Grid

The New York Times | Friday December 29, 2017

Driven by misgivings about how tap water is treated, start-ups are turning to springs and the air for purer sources — and drawing an elite audience.

Goldman warns of $5-billion earnings hit from U.S. tax law

Reuters | Friday December 29, 2017

(Reuters) - Goldman Sachs Group Inc said on Friday it would take a $5 billion earnings hit in the fourth quarter for the new U.S. tax law, becoming the first major U.S. bank to detail the law's one-time impact on corporate profits held overseas.

Trump wants Postal Service to charge 'much more' for Amazon shipments

Reuters | Friday December 29, 2017

WASHINGTON/SEATTLE (Reuters) - President Donald Trump called on the U.S. Postal Service on Friday to charge "much more" to ship packages for Amazon Amazon, picking another fight with the online retail giant he has criticized in the past.

Gold soars toward largest annual gain since 2010 on dollar boost

Reuters | Friday December 29, 2017

NEW YORK/LONDON (Reuters) - Gold extended its rally to a three-month high on Friday, leaping toward its biggest one-year rise in seven years as a wilting U.S. dollar, political tensions and receding concerns over the impact of U.S. interest rate hikes fed into its rally.

Pershing Square, Valeant arrive at settlement split for Allergan lawsuit

Reuters | Friday December 29, 2017

(Reuters) - Activist investor William Ackman's Pershing Square and Valeant Pharmaceuticals on Friday decided to pay $290 million to settle a lawsuit that accused them of insider trading before bidding for Allergan Plc in 2014.

Amazon ordered not to pull in customers who can't spell 'Birkenstock'

Reuters | Friday December 29, 2017

A German court has ordered Amazon not to lure internet shoppers to its online marketplace when they mistakenly search for "Brikenstock", "Birkenstok", "Bierkenstock" and other variations in Google.

A Retailers’ Guide to Curbing Online Gift Returns: Gadfly

The Washington Post | Friday December 29, 2017