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Winterkorn Behind Dieselgate Coverup, New Docs Suggest

Former Volkswagen CEO Martin Winterkorn was well aware of the dieselgate scandal, long before it was made public, documents cited by Germany’s BILD Zeitung suggest. The material also appears to prove that Winterkorn initiated an attempted cover-up.<p>BILD has an internal Volkswagen memo with the date …

Cover-up

Brazil’s Supreme Court gives OK to open probe of new president Temer

Reuters<p>A student from a social movement, wears a mask depicting Brazil's President Michel Temer during a demonstration against him in Sao Paulo, Brazil, in September 2016.<p>SÃO PAULO—Brazil’s Supreme Court late Friday gave the green light to prosecutors to open a probe into corruption allegations …

Brazil

Former Wells Fargo workers file $2.6bn class action lawsuit amid quota scandal

Two former Wells Fargo employees have filed a class action in California seeking $2.6bn or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired.<p>The lawsuit on behalf of people who worked for Wells Fargo in California …

Wells Fargo

No CEOs at Fortune 100 Companies Are Backing Donald Trump

But almost a third of them supported Republican nominee Mitt Romney in 2012<p>No chief executives at <i>Fortune</i> 100 companies have donated to Donald Trump’s presidential campaign through August, according to a new report.<p>According to a <i>Wall Street Journal</i> analysis of campaign donations, this is a drastic …

Donald Trump

Canada Unifor union sets tentative strike deadline for Fiat Chrysler

TORONTO (Reuters) - Canada's Unifor union has set a tentative strike deadline of midnight Oct. 10 for talks with Fiat Chrysler Automobiles NV (FCHA.MI), the labor group said on Saturday as it prepares to vote on a related deal with General Motors Co (GM.N).<p>Unifor, which represents close to 10,000 …

Canada

China begins operating world's largest radio telescope

BEIJING (AP) — The world's largest radio telescope began searching for signals from stars and galaxies and, perhaps, extraterrestrial life Sunday in a project demonstrating China's rising ambitions in space and its pursuit of international scientific prestige.<p>Beijing has poured billions into such …

Science

An oil tanker was engulfed in flames in the Gulf of Mexico

An fire aboard one of Mexican state oil company Pemex's oil tankers in the Gulf of Mexico on Saturday forced the crew to evacuate, in what is the latest accident to plague the struggling state-run firm.<p>The blaze, reportedly caused by an explosion, took place about 8 miles off the coast of Boca del …

Oil

Algeria plans bank privatizations as oil money dries up

ALGIERS (Reuters) - Algeria plans to allow its dominant state banks to list on the local stock exchange to help develop its financial markets and diversify sources of funding after the oil price slide, a senior financial official said.<p>The plan will open the door for foreign investors to acquire …

Finance

European firms offer Britain scant support in divorce talks

LONDON (Reuters) - More than 20 European business associations and companies interviewed by Reuters say they back their governments' position that Britain's banking sector can only enjoy EU market access post-Brexit if the country still follows the bloc's rules.<p>Britain wants a trade deal that gives …

Europe

Samsung Electronics delays South Korea re-start of Note 7 sales by three days

SEOUL (Reuters) - Tech giant Samsung Electronics Co Ltd said on Sunday it was delaying the start of new Galaxy Note 7 smartphone sales in South Korea by three days to Oct. 1, a move it says is needed for speedy completion of the ongoing recall in the country.<p>Samsung earlier this month initiated a …

Honda’s African Twin is a touring machine

The 2016 Honda Africa Twin is the company’s latest entry into the world of motorcycle adventure touring – a bike designed to travel anywhere, from Route 66 to the Trans America Trail and beyond. Video by George Petras/USA TODAY

Honda

Chevrolet introduces new Equinox SUV

None<p>Chevrolet Equinox, one of the top selling SUVs, is all new for 2018 Chevrolet<p>In this photo provided by General Motors, General Motors President North America Alan Batey introduces the 2018 Chevrolet Equinox compact SUV in Chicago. Brian Kersey, AP<p>The 2018 Chevrolet Equinox keeps the same …

Chevrolet

US guidelines on self-driving cars get good reception at G-7

TOKYO (AP) — U.S. Transportation Secretary Anthony Foxx says his counterpart ministers from the Group of Seven nations welcomed the new U.S. guidelines on regulating self-driving cars at a weekend meeting in Japan, and they agreed to work together to maintain safety.<p>Foxx called the guidelines …

$17 Billion In Stolen Oil To Be Investigated, OPEC Member Nigeria Says

Nigerian lawmakers are set to investigate whether $17 billion in undeclared oil and fuel exports were stolen by companies and various government agencies under former president ”Goodluck” Ebele Azikiwe Jonathan, in office for five years until his defeat to current President Muhammadu Buhari in …

Nigeria

The Bank of Japan has made a regime shift

To much anticipation, the Bank of Japan announced changes to its policy framework on 21 September based on its “comprehensive assessment” of its Quantitative and Qualitative Easing with a Negative Interest Rate Policy. While the outcome of the bank’s self-assessment was in line with what we had …

Japan

China's Dalian Wanda opens $5.1 billion tourism park

SHANGHAI (Reuters) - Dalian Wanda Group, the Chinese entertainment giant owned by the country's richest man, opened the first phase of a sprawling 34 billion yuan ($5.1 billion) tourism park in the eastern city of Hefei on Saturday.<p>Wanda is building similar projects around the country, betting that …

Global efforts against ivory traffickers still falling short

AP Radio AP Radio News:<p>Latest News<p>JOHANNESBURG (AP) -- Poaching syndicates shipped large amounts of African elephant ivory last year despite global calls to dismantle the trafficking networks that often collude with corrupt officials, conservationists said as an international wildlife conference …

South Africa

Rare conflict within the Fed's ranks

<b>New York (CNN) —</b> Opposition is brewing within America's central bank.<p>The Fed didn't raise key interest rates on Wednesday. But the vote wasn't unanimous. Three Fed presidents voted the opposite way -- a rare amount of opposition, and the most in nearly two years.<p>Typically, almost all its officials …

Janet Yellen

More Than 75% of Americans Have This Major Retirement Concern

Millions of Americans rely on Social Security to stay afloat financially in retirement -- perhaps more than they should. An estimated 25% of seniors 65 and older currently depend on Social Security as their only form of retirement income, and the program supplies the majority of retirement income …

Retirement

Hanjin says cargo owners withholding $80 million in payments

WILMINGTON, Del (Reuters) - Failed South Korean container carrier Hanjin Shipping Co Ltd <117930.KS> told a U.S. judge on Friday that cargo owners were withholding up to $80 million in payments for completed shipments, complicating the company's ability to move stranded freight.<p>"Hanjin is not the …

Shipping

South African Billionaire Patrice Motsepe Invests In Mining Firm

African Rainbow Capital (ARC), an investment firm controlled by South African billionaire Patrice Motsepe, has acquired an 18.36% stake in public listed Afrimat, a company listed on the Johannesburg Stock Exchange.<p>Afrimat is a leading black empowered open pit mining company providing industrial …

Mining

American Apparel is losing CEO Paula Schneider, who was supposed to turn it around

Paula Schneider, the chief executive tasked with turning around American Apparel Inc.'s flagging business, is leaving, according to two sources close to the company.<p>Chelsea Grayson, the company’s general counsel and chief administrative officer, will take the reins as CEO on Oct. 3 — opening yet …

CEO

iHeartMedia CEO Pittman: Facebook Will be Responsive to Advertisers

Facebook (FB) revealed Friday it inflated its video ad metric and miscalculated the average time viewers spent watching videos.<p>As ad buyers wonder if they should unfriend Facebook, iHeartMedia Chairman and CEO Bob Pittman said it’s impossible for everything to go right with a company as large as …

Facebook

Ecuador hopes OPEC will reach agreement in Algeria, warns of risks

QUITO (Reuters) - Ecuadorean President Rafael Correa said on Saturday he hopes OPEC countries will reach an agreement to stabilize the oil market at the upcoming meeting in Algeria, warning of "serious risks" for the group if they do reach a deal.<p>Members of the Organization of the Petroleum …

Algeria

How Spanish activists landed ex-IMF head Rodrigo Rato in court

<b>An initiative launched by a handful of political activists in 2012 is on the verge of striking the biggest blow yet in a fight over allegations of political corruption in Spain.</b><p>On Monday, dozens of former members of the board at Spanish bank Bankia go on trial in Madrid on charges of …

Judiciary

Outrageous EpiPen prices lead some people to make their own

<b>San Francisco (CNN) —</b> A man sits in a dimly lit room and fills a syringe with clear liquid. After a few minutes of combining medical equipment like a puzzle, the YouTube video cuts to footage of him injecting himself.<p>The man is Michael Laufer, a PhD mathematician and one of the creators of the …

DIY

Amazon Building Huge New Wind Farm in Texas

Joins Google, Apple, and others in push for renewable energy.<p>Amazon has announced that it will develop its largest wind farm yet: a 100 turbine, 253 Megawatt facility in Texas. It is slated to open in late 2017.<p>Amazon has been building out wind generation capacity in part to power the servers …

Amazon

Weekly Jobless Claims Fall by 8,000

The number of Americans filing for unemployment benefits unexpectedly fell last week to a two-month low, pointing to labor market strength that could pave the way for the Federal Reserve to raise interest rates by December.<p>Initial claims for state unemployment benefits declined 8,000 to a …

Jobless Claims

China and Canada make a deal for the return of assets stolen by fugitive corruption suspects

China has sealed a landmark deal on the return of stolen assets with Canada, one of the main destinations for fugitive corruption suspects, state media reported on Friday.<p>Under the agreement, the two countries will share the assets if their origin cannot be confirmed.<p>The treaty on the sharing and …

China

A hot new hedge fund just made some big hires

A new, high-profile hedge fund has made some big hires.<p>Ben Melkman, a former partner at Brevan Howard, is launching a new fund called Light Sky Macro in New York.<p>The fund is targeting $400 million and a launch date in the first quarter of next year, Business Insider previously reported in our …

Goldman Sachs

Mexico battling blaze aboard fuel tanker off Gulf coast

MEXICO CITY (AP) — Mexico's state-owned oil company says it is working to extinguish a blaze aboard a loaded tanker ship in the Gulf of Mexico.<p>The tanker Burgos was carrying about 168,000 barrels of gasoline and diesel fuel. Mexico's Navy rescued 31 crew members and no injuries were reported. …

Hillary and Bill Clinton buy house next door to their current Chappaqua home

Hillary Clinton has her eye on the White House, but she’s also thinking about her life in Chappaqua.<p>She and her husband, Bill, just paid $1.16 million for the house next door, effectively creating a Kennedy-esque compound in the lush environs of upstate New York.<p>The 3,631-square-foot home, which …

Democrats

This tiny hedge fund has an incredible track record, and outsiders can't understand how

Hedge funds are in a sorry state, so funds that show impressive profits are real standouts.<p>Last month, the track record of one such fund came across my desk.<p>It was flagged by a hedge fund investor because the performance was so good that the investor expressed disbelief about it. I wondered how the …

Investing

O2 fires up blockbuster London float plans

<i>By</i>Christopher Williams<p>TELEFONICA is rapidly advancing plans for a blockbuster £10bn float of its UK mobile arm O2, in what would be the biggest London stock-market debut since the commodities giant Glencore more than five years ago.<p>The Spanish telecoms company has already lined up its top team of …

London

Airlines seek to limit types of therapy animals allowed on planes

Turkeys, pigs and even roosters have flown the friendly skies, carried onto commercial planes by passengers who identified the critters as emotional support animals.<p>But a committee of airline representatives and disabled rights advocates has been meeting for months in Washington, D.C., to come up …

Airlines

Tesco setback as pension black hole balloons to £5bn

Tesco’s pension deficit has doubled in the past year to more than £5bn, threatening to delay the resurrection of dividend payments by Britain’s biggest retailer.<p>Retail sources, pension experts and City analysts estimate the deficit has increased by at least £3bn, around the value for which the …

Tesco

Merkel Rules out Assistance for Deutsche Bank, Focus Reports

Chancellor Angela Merkel has ruled out any state assistance for Deutsche Bank AG in the year heading into the national election in September 2017, …

Angela Merkel