Business

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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TOKYO (Reuters) – Asian stocks steadied on Wednesday and the dollar held firm as investors awaited the Federal Reserve’s policy decision later in the day for more clues on its tightening plans. The wait-and-see mood was expected to prevail in the European session, with spreadbetters forecasting Britain’s FTSE and France’s CAC to open effectively flat
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(Reuters) – The S&P 500 climbed to an all-time high on Tuesday on a heavy day of corporate results highlighted by well-received reports from McDonald’s and Caterpillar and gains for bank shares. The Nasdaq also managed to set a record high despite declines in Google parent Alphabet (GOOGL.O) after its results. Alphabet shares ended down
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