GENEVA (Reuters) – Volkswagen AG is confident it may reach an agreement with U.S. regulators on a technical fix for diesel cars, vehicle buybacks and fines, Chief Executive Matthias Mueller said on Monday. The U.S. Justice Department has sued Volkswagen for up to $46 billion for violating U.S. environmental laws. There is still no fix for nearly 600,000 affected cars in the United States more than five months after VW’s emissions test-rigging scandal broke.
NEW YORK (Reuters) – News Corp agreed to pay $244 million to settle a lawsuit accusing it of monopolizing the market for in-store promotions at more than 50,000 retail stores across the United States, a lawyer for the plaintiffs said on Monday.
TOKYO/TAIPEI (Reuters) – A late hitch to Foxconn’s takeover of Japan’s struggling Sharp Corp brought simmering distrust between the two close to boiling point, people with direct knowledge of the matter said.
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