BMW, VW to face lowered EU fines over emissions collusion
BMW (BMWG.DE) and Volkswagen (VOWG_p.DE) are set to face reduced EU antitrust fines over clean air technology after regulators narrowed the scope of an investigation,
Category: Business
VW says Lamborghini is not for sale after reported $9.2 bln bid
Volkswagen (VOWG_p.DE) has received a 7.5 billion euro ($9.2 billion) offer for Lamborghini, British weekly magazine Autocar reported on Tuesday, though VW’s Audi said the
Germany’s biggest landlords seek to reassure Berliners over $22 bln merger
Germany’s two biggest listed landlords Vonovia (VNAn.DE) and Deutsche Wohnen (DWNG.DE) have agreed to join forces in an 18 billion euro ($22 billion) deal they
U.S. consumer confidence holds steady, soaring prices slowing housing momentum
U.S. consumer confidence hovered at a 14-month high in May as optimism over jobs tempered concerns about rising inflation and diminishing government financial support. Though
Indoor vertical farming startup Bowery Farming raises $300 mln
New York-based indoor vertical farming startup Bowery Farming said on Tuesday it raised $300 million in its latest funding round, valuing the company at $2.3
BlackRock backs 3 dissidents to shake up Exxon board
BlackRock, Exxon Mobil Corp’s (XOM.N) second largest shareholder, is backing several of upstart hedge fund Engine No. 1’s candidates to join the company’s board, in
Nordstrom reports bigger-than-expected loss as markdowns hit margins
Nordstrom Inc (JWN.N) posted a bigger-than-expected quarterly loss on Tuesday, hurt by price markdowns the department store chain had to initiate due to excess holiday