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 .

Business

Pfizer, Allergan Merge to Form World's Largest Drugmaker

What inversions involve, basically, is a USA based company buying a peer or rival with headquarters in a foreign locale where taxes are lower, and then re-incorporating there. Pfizer makes such drugs as Viagra, cholesterol-lowering Lipitor and the clot-preventer Eliquis. United States efforts to rein in such deals have proved largely ineffective and many companies have joined with overseas partners to cut their tax bills.


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