Volkswagen passes Toyota as world’s largest automaker despite scandal

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Volkswagen passes Toyota as world’s largest automaker despite scandal

USA TODAY
Volkswagen Group soared past Toyota Motor as the world’s largest automaker in 2016, capturing the crown for the first time in a bittersweet accomplishment attributable almost entirely to sales in China.

Shares fall, dollar dips versus yen after Trump travels curbs

Reuters
A worker shelters from the rain as he passes the London Stock Exchange in the City of London at lunchtime October 1, 2008. REUTERS/Toby Melville/File Photo.

Delta’s U.S. Grounding Lifted After Latest Computer Glitch

Bloomberg
Delta Air Lines Inc. started resuming U.S. domestic flights after a 2 1/2-hour computer breakdown grounded about 170 flights and left passengers stranded across the country.

Tempur Sealy’s stock rocked after Mattress Firm contracts terminated

MarketWatch
Shares of Tempur Sealy International Inc. TPX, -2.89% plunged 29% toward a three-year low in premarket trade Monday, after the mattress seller said Mattress Firm Holdings Corp.

Arrests Made in Ticket Ponzi Scheme for ‘Hamilton,’ Adele Shows

Billboard
Two men were charged Friday (Jan. 27) with roles in Ponzi schemes that cheated wealthy people, including some who believed they were investing in ticket businesses for popular shows like an Adele concert and Broadway’s Hamilton.

Citigroup Plans to Exit Mortgage Servicing by End of 2018

Bloomberg
Citigroup Inc. plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans. The bank reached an agreement to sell the servicing rights on Fannie Mae- and Freddie Mac-backed loans with $97 billion of outstanding

The Exxon Tillerson left behind: hidebound, secretive, and wedded to tradition at a time of mind-boggling change

Quartz
Last November, ExxonMobil made a bombshell announcement. At a time experts thought all the supergiant oilfields on the planet were already discovered, the company revealed Liza, an “elephant” in industry parlance, 3.4 miles (5.5 km) beneath the waters …

Warren Buffett Tells Students to Welcome Immigrants on the Same Day Trump Bans Them

Inc.com
Minda Zetlin is a business technology writer and speaker, co-author of The Geek Gap, and former president of the American Society of Journalists and Authors.

Euro-Area Economic Confidence Hits Highest Level Since 2011

Bloomberg
Euro-area economic confidence hit a six-year high in January, adding to signs of stronger growth and inflation that are fueling a debate about European Central Bank stimulus.

Wall Street Week Ahead: Investors Upbeat on Data, Fed; Wary of Trump

Fox Business
In an ordinary world, a U.S. Federal Reserve meeting, jobs data and a hefty number of earnings reports next week should provide investors with welcome distraction from speculation about the U.S.

Danish drugmaker Novo Nordisk bets $145 mln on post-Brexit UK science

CNBC
An employee works on a high speed production line of insulin at a factory of Novo Nordisk. Novo Nordisk, the world’s top maker of diabetes drugs, is investing 115 million pounds ($145 million) in a new research center in Britain, undeterred by Brexit.

Congressman Peter Roskam and Tax Reform’s Big Moment

Forbes
WASHINGTON, DC – OCTOBER 22: U.S. Rep. Peter Roskam (R-IL) (L) speaks during a hearing before the House Select Committee on Benghazi October 22, 2015 on Capitol Hill in Washington, DC.

Oil steady but US drilling weakens deal to cut output

Reuters
LONDON Oil prices were steady on Monday, but news of another increase in U.S. drilling activity spread concern over rising output just as many of the world’s oil producers are trying to comply with a deal to pump less in an attempt to prop up prices.

Vodafone Is in Merger Talks to Create India’s Biggest Cellphone Company

Fortune
Britain’s Vodafone Group confirmed on Monday it was in talks to merge its Indian subsidiary with local rival Idea Cellular in an all-share deal that would create a new market leader better able to contest a brutal new price war.

Spanish Economy Maintained Growth Momentum in Fourth Quarter

Bloomberg
The Spanish economy maintained the pace of growth in the fourth quarter, as Prime Minister Mariano Rajoy seeks a cross-party agreement to approve this year’s budget.

Ex-Billionaire Batista Arrested on Arrival in Rio de Janeiro

Bloomberg
Eike Batista, once Brazil’s wealthiest man, is on an overnight flight from New York City to Rio de Janeiro where police are waiting to arrest him.

Howls Over Import Tax Complicate Plans to Overhaul Code

New York Times
Larry Kudlow, an economic commentator, in 2015. Mr. Kudlow, who counseled President Trump during the campaign, has spoken out against a proposed 20 percent tax on imports.

Mobile and YouTube drive Alphabet’s 4Q growth

Business Insider
Google’s parent company Alphabet reported $26.1 billion in total revenue, up 22% year over year (YoY) and 3% above consensus estimate of $25.2 billion.

RPT-ANALYSIS-American steel unlikely to get Keystone boost despite Trump order

Nasdaq
(Repeats with no changes) By Ernest Scheyder, Catherine Ngai and Terray SylvesterJan 27 (Reuters) – When U.S. President Donald Trump signed orders to revive two controversial energy pipeline projects this week, he pledged to require new pipelines to …

Keysight to Buy Ixia for About $1.6 Billion

Wall Street Journal
Keysight Technologies Inc. reached a deal to buy Ixia for about $1.6 billion in a move to expand its software-centric business and expand its intellectual property portfolio.

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