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Volkswagen to plead guilty, pay $4.3B for U.S. emissions cheating scandal
Business News // 8 years ago
Volkswagen to plead guilty, pay $4.3B for U.S. emissions cheating scandal
WOLFSBURG , Germany, Jan. 11 (UPI) -- Volkswagen will plead guilty and pay over $4 billion for covert attempts to cheat U.S. emissions laws with its diesel vehicles, the automaker announced.
Blood-testing startup Theranos to lay off 41% of staff
Business News // 8 years ago
Blood-testing startup Theranos to lay off 41% of staff
PALO ALTO, Calif., Jan. 10 (UPI) -- Blood-testing startup Theranos Inc. announced it will lay off 41 percent of its staff.
Stolen from CES: Razer's prototype three-screen laptops
Business News // 8 years ago
Stolen from CES: Razer's prototype three-screen laptops
LAS VEGAS, Jan. 10 (UPI) -- Two prototypes of a revolutionary three-screen laptop gaming computer were stolen at Las Vegas' Consumer Electronics Show, their manufacturer said.
Backpage.com closes adult section after pressure from Senate subcommitee
Business News // 8 years ago
Backpage.com closes adult section after pressure from Senate subcommitee
WASHINGTON, Jan. 10 (UPI) -- The classified ad site Backpage.com closed the adult section of its website hours after a Senate committee charged it with facilitating child sex trafficking.
Valeant's CeraVe, other skin care brands sold to L'Oreal for $1.3B
Business News // 8 years ago
Valeant's CeraVe, other skin care brands sold to L'Oreal for $1.3B
LAVAL , Quebec, Jan. 10 (UPI) -- Valeant Pharmaceuticals International Inc. will sell three of its skin care brands to L'Oreal for $1.3 billion in cash, it announced Tuesday.
Candy maker Mars buys national pet care chain VCA for $7.7 billion
Business News // 8 years ago
Candy maker Mars buys national pet care chain VCA for $7.7 billion
WASHINGTON, Jan. 9 (UPI) -- Mars Inc., best known as a candy maker, made pet care its biggest priority Monday with the $7.7 billion purchase of national veterinary company VCA Inc.
Yahoo CEO Mayer to leave board of directors if Verizon sale happens
Business News // 8 years ago
Yahoo CEO Mayer to leave board of directors if Verizon sale happens
SUNNYVALE, Calif., Jan. 9 (UPI) -- If the sale of Yahoo goes through, the web giant's CEO will leave its board of directors in a $4.8 billion deal that will also see the company change names.
McDonald's to sell controlling stake in China operations for $1.7B
Business News // 8 years ago
McDonald's to sell controlling stake in China operations for $1.7B
OAK BROOK, Ill., Jan. 9 (UPI) -- McDonald's announced it plans to sell its controlling interest in its business in mainland China and Hong Kong for $1.67 billion.
Japan's Takeda to purchase U.S. cancer drugmaker ARIAD for $5.2B
Business News // 8 years ago
Japan's Takeda to purchase U.S. cancer drugmaker ARIAD for $5.2B
CAMBRIDGE, Mass., Jan. 9 (UPI) -- Japan's Takeda Pharmaceutical Co. said it will purchase U.S.-based cancer drugmaker ARIAD Pharmaceuticals for about $5.2 billion.
Google's Waymo unveils self-driving car with low-cost sensors
Business News // 8 years ago
Google's Waymo unveils self-driving car with low-cost sensors
DETROIT, Jan. 9 (UPI) -- The Waymo car division of Google Inc. unveiled its self-driving Chrysler Pacifica vehicles at the Detroit International Auto Show.
GM won't move car production from Mexico despite Trump's criticism
Business News // 8 years ago
GM won't move car production from Mexico despite Trump's criticism
DETROIT, Jan. 9 (UPI) -- General Motors won't move production of Chevrolet Cruze hatchback to U.S. from Mexico despite criticism by President-elect Donald Trump, automaker's CEO said.
FBI arrests VW executive in diesel emissions scandal
Business News // 8 years ago
FBI arrests VW executive in diesel emissions scandal
MIAMI, Jan. 9 (UPI) -- The FBI arrested a Volkswagen executive who faces conspiracy to defraud the United States in the company's diesel emissions cheating scandal, sources said.
Fiat Chrysler plans to spend $1B, hire 2,000 in U.S. by 2020
Business News // 8 years ago
Fiat Chrysler plans to spend $1B, hire 2,000 in U.S. by 2020
WASHINGTON, Jan. 9 (UPI) -- Fiat Chrysler announced it plans to invest $1 billion and hire 2,000 people at plants in Michigan and Ohio during the next three years.
Keurig, AB-InBev partnering on in-home alcohol dispenser
Business News // 8 years ago
Keurig, AB-InBev partnering on in-home alcohol dispenser
WATERBURY, Vt., Jan. 7 (UPI) -- Single-serve coffee machine manufacturer Keurig will partner with brewer Anheuser Busch-InBev to create an in-home cocktail and beer maker, the companies said.
Apple sales slip, costing CEO Tim Cook's paycheck
Business News // 8 years ago
Apple sales slip, costing CEO Tim Cook's paycheck
CUPERTINO, Calif., Jan. 7 (UPI) -- Apple CEO Tim Cook's annual compensation took a 15 percent hit in 2016 after the company failed to meet sales and revenue targets for the first time since 2009.
The Limited to close remaining retail stores by Sunday
Business News // 8 years ago
The Limited to close remaining retail stores by Sunday
NEW ALBANY, Ohio, Jan. 7 (UPI) -- Women's clothing retailer Limited Stores LLC has announced it will be closing the remainder of its approximately 200 brick-and-mortar stores by Sunday.
Toyota assures Trump after threat over Mexico plant
Business News // 8 years ago
Toyota assures Trump after threat over Mexico plant
NEW YORK, Jan. 5 (UPI) -- Toyota Motor Corporation assured President-elect Donald Trump on Thursday that a planned auto factory in Mexico won't take any jobs from the United States.
Mexican bank moves to shore up slumping peso
Business News // 8 years ago
Mexican bank moves to shore up slumping peso
MEXICO CITY, Jan. 5 (UPI) -- Mexico's central bank was active in the international currency exchange market on Thursday after the peso hung near all-time lows against the U.S. dollar.
CES 2017: Five gadgets to help consumers get healthy
Business News // 8 years ago
CES 2017: Five gadgets to help consumers get healthy
LAS VEGAS, Jan. 5 (UPI) -- The Consumer Technology Association's 2017 CES is showcasing several health-related products, including wearable technology, for the show's 50th anniversary.
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Israeli Soldiers pay their respects at Mt. Herzl Military cemetery
Israeli Soldiers pay their respects at Mt. Herzl Military cemetery
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