Porsche, Fiat face multimillion-dollar payouts in separate diesel scandals

Porsche, Fiat face multimillion-dollar payouts in separate diesel scandals

On Tuesday, Germany’s Stuttgart Public Prosecutors’s Office issued a fine notice of €535 million ($598.99 million) to Porsche for its part in the Volkswagen Group diesel emissions scandal that broke in 2015. Until recently, German authorities have been …
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Kiwi tech star Pushpay breaks into the black, co-founder quits as CEO

Kiwi tech star Pushpay has reported a maiden full-year profit of US$18.8m against a year-ago loss of US$23.3m. The company also said chief executive and co-founder Chris Heaslip has resigned as CEO effective May 31. He will remain as a non-executive …
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Sprint loses more phone subscribers than feared in fourth quarter

(Reuters) – Sprint Corp on Tuesday reported deeper losses than feared of monthly phone subscribers despite discount offerings, raising concerns that the wireless carrier may not be sustainable if its pending merger with T-Mobile is not approved.
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Warren Buffett Might Be Wrong About Tesla's Insurance Ambitions

The Oracle of Omaha knows insurance. But we shouldn’t count out the electric-vehicle leader just yet. Steve Symington. (TMFSymington). May 7, 2019 at 9:22PM. When Tesla (NASDAQ:TSLA) released disappointing first-quarter results just over a week ago, …
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Waterton agrees not to increase stake Hudbay Minerals to more than 15 percent

(Reuters) – Private equity firm Waterton Global Resource Management Inc on Tuesday said it agreed to not increase its stake in Hudbay Minerals Inc to more than 15 percent after the private equity firm settled its drawn out proxy contest with the Canadian …
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