Bosch accused of concealing VW use of ‘defeat device’ software September 7, 2016 Auto supplier Bosch has been accused of hiding the use of Volkswagen's secret "defeat devices" which it helped design. It comes after earlier claims VW car owners that Bosch was a "knowing and active participant" in the carmaker's decade-long scheme to evade US anti-pollution laws. Read more: VW's European market share has fallen again According to a [...]
Clinton has Mylan and Wells Fargo in her sights with plans to target “bad corporate actors” October 3, 2016 US presidential candidate Hillary Clinton is set to go after "bad corporate actors", she's expected to say in a speech later. The Democratic hopeful plans to make it easier for consumers to take legal action against the likes of Wells Fargo and Mylan, who have recently both had run ins with regulators and corporate watchdogs. According [...]
Mon-who? Challenger bank Mondo rebrands as Monzo following trademark snag August 25, 2016 Challenger bank Mondo is no more, officially rebranding itself today as Monzo. The smartphone-centric firm originally called itself Mondo, after the Italian word for world, before its trademark for the name was successfully challenged by another company. After raising £1m in 96 seconds through crowdfunding earlier this year, the bank has clearly decided reaching out to the public is [...]
Germany wants Deutsche Bank DoJ fine wrapped up ASAP, as lender reaches settlement with SEC on another issue October 12, 2016 Deutsche Bank's investors are not the only ones who want a swift settlement on the US Department of Justice fine, as German officials have today spoken out calling for a deal to be done. The German lender is currently facing a potential penalty of $14bn (£11.5bn) for mis-selling mortgage-backed securities. Many had hoped chief executive John [...]
WHO urges more countries to adopt levy on sugary drinks to curb obesity and type 2 diabetes October 11, 2016 More countries should adopt a 20 per cent or more tax on sugary drinks to drive down consumption, the World Health Organization (WHO) has urged in a new report today. Fiscal policies that lead to at least a 20 per cent increase in the retail price of sugar-sweetened beverages such as fizzy drinks, fruit drinks from [...]
Chilly reception: Iceland is considering suing Iceland over its name September 23, 2016 It may have been trading since the 1970s, but it the government of Iceland has had enough of British supermarket Iceland using its name. Yep: Iceland (the country) is considering a lawsuit against Iceland (the supermarket) in an effort to force it to ditch its moniker – because it has pursued brands in Iceland (the country) who [...]
Online retailer Amazon files lawsuit in battle against fake review sellers October 18, 2015 Online retail giant Amazon is suing over 1,000 unidentified people it is accusing of selling fake reviews. The company said the 1,114 "John Doe" defendants used a website Fiverr.com – where a variety of people offer jobs called "gigs" starting at a price of $5 (hence the name) – to sell reviews. It claims each of the John Doe defendants has [...]
Deal-making at investment banks is set to hit a 10-year high October 4, 2016 Investment banks are eyeing up a bumper year of deal-making as activity in the money markets is set to hit its highest level in a decade. The volumes of cash flowing through investment houses in the shape of debt and capital market (DCM) activity hit $5.2 trillion (£4.1 trillion) in the first nine months of [...]
Four reasons Twitter is a prime takeover target September 23, 2016 With (more) rumours of a takeover sending share prices up by more than 20 per cent, Twitter’s run of bad luck may about to be over. But why would a firm known for its inability to make money be an appealing takeover prospect? Here's why the company might not be such a bad bet… 1. Its share [...]
MPs criticise Article 50 case as a “diversionary tactic” after its first day in court October 13, 2016 Eurosceptic politicians have criticised a lawsuit arguing the legal process for leaving the EU for pulling away from the real issues of the debate just as the case kicked off in court. The case, which aims to determine whether an Act of Parliament needs to be put in place before government triggers Article 50 or whether government has the [...]