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Markets

VW is now said to be scouting the market for interested potential buyers of the Ducati brand. The iconic marque was bought in 2012 by Audi, a VW subsidiary, but now Europe's largest auto maker is looking to streamline its operations following the "Dieselgate" crisis and is reigning in spending in all areas.
  • Verizon loses wireless customers for first time

    Markets

    Verizon Communications Inc.'s struggles worsened in the first quarter, as a decision to sell unlimited mobile data services came too late to stanch the worst subscriber loss in more than a decade. Can you hear that now, Wall Street? Visa processed $1.73 trillion on its credit and debit card network in the quarter, up 37 percent from a year earlier, but that increase includes the processing business of Visa Europe as well.
  • United CEO says no one will be fired for dragging incident

    Markets

    Dao received a concussion and a broken nose and had two of his teeth knocked out. The company has faced a heated backlash from customers, policymakers and the media after video footage surfaced of one passenger, Mr David Dao, being dragged from a United Airlines flight that officials falsely believes was overbooked.
  • United changes policy, crew can't displace seated passengers

    Markets

    The policy change comes in the wake of a highly publicized incident on April 9 in which a paying customer who had already boarded was violently dragged off the aircraft by law enforcement officers. Delta Air Lines has increased the maximum possible payout to passengers to almost $10,000 if they voluntarily give up a seat on an overbooked flight, the company told AFP Monday.
  • Hollande, Trudeau Pay Tribute to Canada's WWI Casualties

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    Dragoons - took part in the Battle of Vimy Ridge. "Their Royal Highnesses were joined by the Governor General of Canada, the President of France François Hollande and Canadian Prime Minister Justin Trudeau ", the caption read. The battle and victory have become an important part of Canada's identity, symbolizing the shift from a former British colony to an independent nation.
  • Federal finance minister, Ontario counterpart, Toronto mayor talk housing today

    Federal finance minister, Ontario counterpart, Toronto mayor talk housing today

    Markets

    He also said at the time that "there wasn't any evidence that there was a huge problem... with respect to foreign buyers somehow artificially inflating the housing market in Toronto". Toronto realtor John Pasalis, president of Realosophy Realty Inc., said Tuesday a tax on foreign speculators would target too small a piece of the market to make a significant impact on pricing in Toronto.
  • Apple gets permit to test self-driving cars

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    Apple plans to start testing self-driving cars on California roads, the clearest signal yet that the world's most valuable technology company wants to design or build autonomous vehicle technology. The self-driving cars are expected to transform mobility in the coming years. Apple executives have never spoken at length about the company's effort in the space, but a number of leaks provide a glimpse at what the company is up to.
  • Bayern keeper Manuel Neuer breaks foot, season in doubt

    Markets

    Ronaldo scored a hat-trick to send Real Madrid through to the Champions League semi-finals. Real Madrid coach Zinedine Zidane believes Cristiano Ronaldo's performance against Bayern Munich could be enough to silence the fans' boos. The opening 45 minutes were balanced between the two sides, but Bayern was dominant after halftime as it pressed forward, trying to overturn the first-leg deficit.
  • Getting up to speed on the Wells Fargo sales scandal

    Markets

    The bank said on Monday it had demanded or "clawed back" an additional US$28 million from former chief executive John Stumpf, who led the bank at the time of the scandal, and US$47 million from former community banking chief Carrie Tolstedt, whose division was at the heart of the problem.
  • Russia, Iran, Syria denounce U.S. 'act of aggression'

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    I would like to think that they didn't know, but certainly they could have. It's very bad for this world. "We are 100% sure that if our colleagues at the United Nations, as well as The Hague, try to avoid this investigation, this will signify that they are reluctant to find out the truth, but we will insist that the truth will be found".
  • F1: Lewis Hamilton takes China GP

    Markets

    Motorsport fans gathered together in the rain to attend to the 2017 Chinese Grand Prix Formula One Championships at the Shanghai Circuit. "I think this will be one of the closest [battles for the championship] if not the closest I have experienced", remarked Hamilton.