Category: Business

Italian U.S. automaker Fiat Chrysler (FCA) confirmed on Wednesday that some of its offices in Europe had been visited by investigators as part of an investigation by magistrates in Germany and said it was providing full cooperation. “FCA is examining Read more

Fiat Chrysler (FCA) and CNH Industrial offices were searched on Wednesday in Germany, Italy and Switzerland as part of a probe initiated by German prosecutors investigating emissions fraud. Engines used by Fiat, Alfa Romeo and Jeep vehicles as well as Read more

Microsoft (MSFT.O) may find itself in EU antitrust regulators’ crosshairs yet again after U.S. workspace messaging app Slack Technologies Inc (WORK.N) complained about the company embedding its workplace chat and video app Teams in its Office product. Slack said the Read more

German prosecutors arrested three former top executives of Wirecard (WDIG.DE) on Wednesday, saying it suspected them of masterminding a criminal racket to fake the company’s accounts and bilk creditors of billions of euros. Former Chief Executive Markus Braun, already a Read more

Investors are piling into haven assets such as gold, the Swiss franc and cash as U.S. stocks approach all-time highs, looking to hedge big moves in equities amid economic uncertainty and a resurgent coronavirus pandemic. Prices for gold are up Read more

United Airlines’ chief executive said on Wednesday that lessons learned about preventing the spread of COVID-19, including wearing masks, will underpin a recovery in travel demand and called airplanes “a uniquely safe environment.” Chicago-based United (UAL.O) expects revenues, which fell Read more

Canadian convenience store operator Alimentation Couche-Tard Inc (ATDb.TO), Japanese peer Seven & i Holdings Co (3382.T) and private equity firm TDR Capital are preparing to submit rival bids this week for Marathon Petroleum Corp’s (MPC.N) gas station network Speedway, according Read more