Business

(Reuters) – U.S. cable operator Charter Communications Inc’s shares shot up nearly 14 percent on Monday after the company said it was not interested in buying wireless carrier Sprint Corp. A deal between the two could be complex and disruptive, analysts said, noting financing issues, complicated ownerships and the possibility of upending existing partnerships. A
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MILAN (Reuters) – Italy’s Benetton family is among five bidders shortlisted to buy Italian motorcycle brand Ducati, which is being sold by Germany’s Volkswagen (VOWG_p.DE), a source close to the matter said on Saturday. The finalists will be given access to the company’s books after the summer, the source said, adding that the offers received
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(Reuters) – Wells Fargo & Co (WFC.N) said on Friday it is cutting 69 executive jobs at its retail unit, as part of a restructuring in the division. Some of the executives positions will retire with full benefits while others may find positions elsewhere within the bank, said Wells Fargo spokesman Paul Gomez. Some of
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SACRAMENTO, California (Reuters) – California regulators gave Volkswagen AG (VOWG_p.DE) the go-ahead on Thursday to start expanding clean vehicle infrastructure across the state, after debate over whether the German automaker’s plan would do enough to help disadvantaged communities. The California Air Resources Board voted unanimously to approve the 30-month, $200 million plan, the first tranche
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BERLIN (Reuters) – German Transport Minister Alexander Dobrindt on Thursday announced a recall of Porsche 3-litre Cayenne cars (VOWG_p.DE) after finding illegal emissions controlling software in the vehicles. Dobrindt told reporters he was withdrawing certification for the vehicles, and Porsche would bear 100 percent of the cost of the recalls. Porsche said it had discovered
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BERLIN (Reuters) – Volkswagen said group operating profit more than doubled in the second quarter, helped by cost cuts and higher-margin new models at its core namesake brand. Earnings before interest and tax jumped to 4.55 billion euros ($5.34 billion) from 1.90 billion a year earlier, VW said on Thursday, beating a 4.49-billion-euro consensus forecast
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(Reuters) – Taiwanese electronics manufacturer Foxconn on Wednesday announced plans to build a $10 billion LCD display panel screen plant in Wisconsin, a deal President Donald Trump asserted would not have happened without his efforts. The company said it plans to invest $10 billion over four years to build a 20-million square foot plant that
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