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VW to cover additional owner taxes on some cars

2015-11-07 17:53:50| Auto Dealers - Topix.net

Volkswagen AG told European Union finance ministers on Friday that the German car maker would foot the bill for additional taxes due on a number of cars affected by the company's emissions cheating, a move that could set a precedent for U.S. regulators and car dealers who want VW to make their customers whole in the wake of the emissions scandal. In its latest disclosure in the widening emissions crisis, Volkswagen said earlier this week that it understated greenhouse gas emissions and fuel consumption on around 800,000 cars, mostly in Europe.

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Profits slide at Primark owner

2015-11-03 11:22:10| BBC News | Business | UK Edition

Annual profits at Primark owner Associated British Foods have fallen by 30% following falls in food prices and significant currency movements.

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Did Cell C owner reject Telkom's bid?

2015-10-31 12:19:27| Telecom - Topix.net

Oger Telecom has rejected a R14 billion offer from Africa's largest fixed-line operator, Telkom SA, for its 75 percent stake in South African wireless carrier Cell C, according to a person familiar with the matter. Telkom is now conducting due diligence on whether to make a renewed offer for Dubai-based Oger's stake in South Africa's third-largest mobile-phone company, said the person, who asked not to be identified as the matter is private.

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British Airways owner IAG upgrades profit guidance after strong third quarter

2015-10-31 08:58:51| Airlines - Topix.net

British Airways owner International Airlines Group has upgraded its annual guidance after growing passenger numbers and lower fuel costs led to strong third quarter results. IAG, which in August added Ireland's Aer Lingus to its stable of airlines, said that its full-year operating profit would range from a 2.25 billion and a 2.3 billion , having previously forecast a 2.2 billion .

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Owner of Crouse Hinds buys Syracuse lighting company

2015-10-31 08:37:33| Industrial Machines - Topix.net

Eaton Corp., the owner of industrial lighting manufacturer Crouse-Hinds, has quietly purchased Ephesus Lighting Inc., a young but growing Syracuse company that makes LED lighting for sports stadiums. No formal announcement of the acquisition has been made by either company, but Eaton Chairman and CEO Alexander Cutler reported it matter-of-factly deep inside the company's third-quarter earnings report Friday morning.

Tags: company owner lighting buys

 

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