WASHINGTON (Reuters) – The U.S. Department of Justice has closed its investigation into former Vice President Mike Pence without filing any charges related to classified documents found in his Indiana home, a department official said on Friday. The department notified Pence through a letter, the official added. Representatives for Pence, who served under former Republican…
By David Shepardson WASHINGTON (Reuters) -Chrysler parent Stellantis and General Motors paid a total of $363 million in civil penalties for failing to meet U.S. fuel economy requirements for prior model years, documents seen on Friday by Reuters show. The record-setting penalties include $235.5 million for Stellantis for the 2018 and 2019 model years and…
By Patricia Zengerle WASHINGTON (Reuters) -U.S. congressional leaders on Friday invited Indian Prime Minister Narendra Modi to address a joint meeting of the House of Representatives and Senate on June 22, one of the highest honors Washington affords to foreign dignitaries. “During your address, you will have the opportunity to share your vision for India’s…
By John Revill BERN (Reuters) -UBS Chief Executive Sergio Ermotti on Friday warned of painful decisions about job cuts following the takeover of Credit Suisse, which he said he hoped would be formalised in coming days. “We won’t be able to create, short term, job opportunities for everybody. Synergies is part of the story,” Ermotti…
By David Shepardson WASHINGTON (Reuters) -The U.S. auto safety regulator routinely fails to meet its internal timelines for completing auto safety defect investigations, a government report released on Thursday found, hindering its ability to quickly respond to severe safety risks. The Transportation Department’s Office of Inspector General said that 26 of 27 National Highway Traffic…
PARIS (Reuters) – Renault could face prosecution in France over faulty engines as a group of customers plans to lodge a criminal complaint against the carmaker next week, the group’s lawyer said on Friday. “We are going to file a complaint on Monday on behalf of at least several dozen people,” Christophe Leguevaques told Reuters,…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – London-based Arch Insurance International has authorized cryptocurrency insurer Evertas to increase the coverage limit for a single policy to $420 million for custodians or exchanges in what the U.S firm said is the highest in the industry. The move is a big boost for a crypto sector tainted…
(Reuters) -Illumina Inc on Friday said it had expanded its board, adding two C-suite executives a week after shareholders voted to replace the gene sequencing company’s chairman with activist investor Carl Icahn’s nominee. The San Diego-headquartered company, valued at $31.6 billion, had long planned to increase the size of the board to 11 by adding…
WASHINGTON (Reuters) – U.S. President Joe Biden said the bipartisan debt ceiling bill is expected to further boost the nation’s economic outlook after data released earlier on Friday showed higher U.S. employment for May. “I look forward to signing the bipartisan budget agreement into law,” Biden said in a statement released by the White House….
By Dawn Chmielewski (Reuters) – Netflix Inc shareholders on Thursday withheld their support for the company’s executive pay package, in a non-binding vote that followed a call by striking Hollywood writers to reject the proposed 2023 compensation. The Writers Guild of America West had urged investors to vote against the compensation offered to Netflix’s top…
