WASHINGTON (Reuters) – Uber Technologies Inc will pay more than $2 million and waive wait time fees for disabled passengers to settle federal authorities’ allegations that the ride share company had violated the Americans with Disabilities Act, the U.S. Department of Justice said on Monday. As part of a two-year agreement, Uber will waive wait…
ROME (AP) — European leaders ramped up their push to secure alternative energy supplies Monday as fears escalate of a complete natural gas cutoff by Russia, with the leaders of Italy, France and the European Union sealing deals with their counterparts in Algeria, Azerbaijan and the United Arab Emirates. With his government’s fate in limbo…
SOFIA, Bulgaria (AP) — Bulgarian President Rumen Radev on Monday handed a mandate to the third-largest political party in parliament to form a government after two previous attempts have failed. Although the chances of the Socialist Party’s success are dim, its floor leader, Georgi Svilenski, said his party would invite the three other groups in…
General Electric on Monday revealed the names of the three companies that will operate on their own after the historic split of the one-time conglomerate, including a mashup of words that will make up the name of the new energy company. GE announced in November that it planned to split into three companies focused on…
SEOUL, South Korea (AP) — Treasury Secretary Janet Yellen said Tuesday the U.S. and South Korea should deepen their trade ties to avoid letting other countries use their market positions to unfair advantage — calling out China by name. “We cannot allow countries like China to use their market position in key raw materials, technologies,…
NEW YORK (AP) — Investment banking giant Goldman Sachs saw its second-quarter profits fall nearly half from a year ago, as turmoil in the financial markets and warnings of a possible recession caused the bank’s deal-making business to slow down considerably. The New York-based bank said Monday that it earned a profit of $2.77 billion,…
BERLIN (Reuters) – Volkswagen-owned Porsche will be able to go into more detail in coming weeks on what its agreement with Volkswagen for the structure of a partial listing will look like, Chief Executive Oliver Blume said on Monday. “We are in progress to work on an industrial cooperation agreement with Volkswagen Group. In the…
By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) – U.S. stock indexes rose on Monday after Goldman Sachs beat profit expectations, extending last week’s positive momentum amid easing bets of a super-sized interest-rate hike by the Federal Reserve. The Dow rose over 200 points in early trading, picking up from Friday when U.S. economic data…
BERLIN (AP) — The German government said Monday that a turbine at the center of uncertainty about future gas deliveries through a major pipeline from Russia to Europe was only supposed to be installed in September, underlining its insistence that there should be no technical obstacle to the gas flow. Meanwhile, Germany’s biggest importer of…
Delta is ordering 100 737 Max 10 airplanes, the largest of the line produced by Boeing, potentially giving the manufacturer additional momentum after a troubled rollout of its most advanced aircraft. Delta has an option to purchase 30 more of the aircraft as the airline looks to keep up with surging travel demand. Boeing has…
