Business
Antitrust regulators against Staples-Office Depot deal
This could prove to be challenging, as between the two, Staples and Office Depot handle all of the Fortune 1000 office supply contracts, according to estimates by the Post. Staples have approximately 1,200 stores, which generate $9.6 billion in sales. The two office supply giants had announced last month that they had won an extension on the review process through December 8, when the FTC must decide whether to approve the transaction or take legal action against it.
Business
Volkswagen faces pressure in USA to buy back older diesel cars
In a separate announcement , Volkswagen named Joerg Hofmann, the leader of the IG Metall trade union, and Johan Jaervklo of Scandinavian union IF Metall, to its supervisory board as employee representatives. Analysts said the scandal could cost the carmaker 40 billion euro in fines, lawsuits and retrofits for affected vehicles. Volkswagen's preference share price was up 1.4 percent at 107.30 euro, making it the strongest riser in Germany's main stock index, which was 0.5 percent higher.
Business
Cherry Hill Road in Silver Spring is closed after serious crash
Police identified the driver as Yesewlek Endihnew Tizale, 24, of Potomac. An adult male passenger in the Infinity was taken to the hospital with life-threatening injuries. Police are continuing to investigate the collision to determine the circumstances that led to it. Anyone who witnessed this collision or has information about this collision is asked to call the Collision Reconstruction Unit at 240-773-6620.
Business
NatWest says government's new Help to Buy ISAs will help young customers
The property must be in the United Kingdom, and cost up to £250,000, or up to £450,000 for people buying in London. A couple saving for a house together can between them benefit from £6,000 from the government if they save £24,000 themselves.
Business
Stock Futures Rise as Focus Turns to U.S. Jobs Report
The relatively quiet month followed a surge in stocks for October in the wake of this summer's selloff. Mr. Farr said he is favoring shares of consumer staples, health care and some industrial companies. United States stock futures traded higher in early pre-market trade. Microsoft shares gained 0.2 per cent on news of plans to expand its services for businesses.
Business
Volkswagen faces pressure in U.S. to buy back older diesel cars
The painful and expensive fallout from the diesel engine cheating scandal - 11 million cars worldwide, including 500,000 in the USA, were illegally rigged to pass emissions tests - claimed some big-dollar investments. In previous years, the company has published investment plans for several years ahead. Volkswagen was also expected to discuss initial plans for recalling vehicles in meetings Thursday and Friday with US and California regulators, according to the Wall Street Journal .