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January 6, 2017 5:48 PM Volkswagen Near Settling U.S. Criminal Case Over Emissions Cheating

Settlement with Justice Department could come as soon as next week Volkswagen AG is near resolving a criminal investigation into the German auto giant’s emissions cheating, said people familiar with the matter, aiming to reach an accord as soon as next week that would require the company to pay a financial penalty of several billion dollars and cap a major 23

January 6, 2017 8:30 AM German Monday power jumps on low supply, higher demand

FRANKFURT Jan 6 German power prices for Monday and next week jumped early on Friday on higher demand and low expected renewable supply in the European wholesale market amid an ongoing cold weather spell. German Monday delivery power was up 11 percent at 52.30 euros ($55.39) per megawatt hour (MWh) and the week ahead price was up 4 percent at 39.5 euros/MWh 29

January 5, 2017 3:23 PM US Indexes Drift in Early Trade; Department Stores Nosedive

NEW YORK — Department stores dominated the news Thursday morning as Macy's and Kohl's both plunged following weak holiday-season reports that led the chains to cut their profit forecasts. Macy's also said it will eliminate 10,000 jobs as it continues to close stores. Sears jumped after it said it will close 150 stores and sell its Craftsman tool brand 48

January 5, 2017 3:12 PM Wendl, Arlt lead German sweep in luge doubles for Euro title

KOENIGSSEE, Germany (AP) Olympic champions Tobias Wendl and Tobias Arlt led a German sweep for the European luge title and their second World Cup doubles win of the season on Thursday. Wendl and Arlt were second behind World Cup leaders Toni Eggert and Sascha Benecken after the first run but fastest in the second to win by seven hundredths of a second 19

January 5, 2017 9:53 AM Ford expands Alexa use, heating up auto personal assistant battle

LAS VEGAS (Reuters) - Ford Motor Co is expanding the use of Inc's Alexa personal assistant in its vehicles to allow drivers to talk to their cars - demanding anything from a nearby cheeseburger to a weather forecast - marking a leap by the Detroit automaker to incorporate a technology initially targeted for home use. The expanding alliance 51

January 5, 2017 9:39 AM German power for Jan 9 delivery rises 10 percent to 52 euros/MWh

FRANKFURT Jan 5 German baseload power for delivery on Jan. 9 rose 10.2 percent to 52 euros a megawatt hour (MWh) on Thursday on expectations of higher demand and forecasts of low renewable supply. Day-ahead contracts in Germany and France also rose due to cold weather, which lifted demand. Thomson Reuters data showed next Monday's projected German usage 31

January 5, 2017 8:00 AM The angry resignation of Sir Ivan Rogers lays bare the government’s unreadiness for the bargaining ahead

CIVIL servants mostly operate behind the scenes and off camera. Sir Ivan Rogers, Britain’s permanent representative to the European Union since November 2013, fits the bill nicely. Yet his announcement on January 3rd that he was leaving early became big news because of what it showed about the government’s unreadiness for Brexit negotiations. Sir Ivan, a former 37

January 4, 2017 9:16 PM Moenchengladbach signs French defender Kolodziejczak

Borussia Moenchengladbach has signed French defender Timothee Kolodziejczak from Spanish side Sevilla. The Bundesliga club says the 25-year-old Kolodziejczak, who has played for France's youth sides but could still switch to Poland at senior level, signed a deal to June 2021 on Wednesday. German sports magazine Kicker reported that the transfer fee was around 30

January 4, 2017 9:23 AM Lufthansa says to hire more than 3,000 new staff in 2017

FRANKFURT German airline Lufthansa (LHAG.DE) plans to hire more than 3,000 new staff in 2017, most of them flight attendants, it said in a statement on Wednesday. Lufthansa Group airlines - Austrian, Swiss and Eurowings - are hiring more than 2,200 staff in total, it said. Lufthansa Technik is planning to recruit 450 new staff. Lufthansa cabin crew and pilots 102

January 3, 2017 10:26 PM Paul Clement marks Swansea appointment with win at Palace

Paul Clement took his place on the touchline hours after being appointed Swansea manager to see his new team win 2-1 at Crystal Palace on Tuesday and climb off the bottom of the Premier League. While Clement made an instant impact as Bob Bradley's successor, Sam Allardyce remains winless after three games as Palace manager. Wilfried Zaha looked to have rescued 27