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Volkswagen Pauses Bond Issuance Amid Emissions Cheating Scandal
2015-11-14 12:08:41| Automakers - Topix.net
Volkswagen AG has put bond financing on hold as it grapples with uncertainty over the ultimate cost of the emissions cheating scandal. The company needs time to update the documentation required to sell bonds and other financing instruments to reflect potential fines and penalties, it said in an e-mailed statement.
Tags: bond
volkswagen
emissions
issuance
Imported diesel car sales in S. Korea drop amid emissions scandal
2015-11-13 21:05:37| Auto Dealers - Topix.net
Sales of imported diesel vehicles in South Korea hit the lowest level in a year in October as customers seem to be shunning diesel models following the worldwide emissions scandal, industry data showed Friday. According to the data by the Korea Automobile Importers and Distributors Association, imported diesel car sales here came to 11,057 units in October, the smallest monthly figure since October last year, when they reached 11,001 units.
First Take: Applied Materials open to merger amid growth concerns, but will be picky
2015-11-13 04:25:37| Semiconductors - Topix.net
Applied Materials Inc. doesn't see much growth on the horizon for its chip-equipment business, but that doesn't mean it will blindly jump into the merger frenzy that other companies in the sector are using to boost sales. The world's largest chip equipment maker revealed fiscal fourth quarter earnings Thursday that were slightly better than expected, but revenue was just shy of expectations, mirroring the volatility in the semiconductor industry.
Tags: will
open
growth
materials
What to Watch Thursday: Nordstrom Reports Amid Retail Sector Gloom
2015-11-12 03:37:03| Auto Parts - Topix.net
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Tags: reports
thursday
watch
retail
Microsoft sets up data centers in Germany amid US surveillance concerns
2015-11-11 14:59:04| Telecom - Topix.net
Microsoft is delivering its cloud services, including Azure, Office 365 and Dynamics CRM Online from two new data center regions in Germany, in a move that aims to deflect customer concerns about access to their data by U.S. surveillance. The data centers, located in Magdeburg and Frankfurt am Main, will be unusual in that control over the data will not be with Microsoft but with Deutsche Telekom subsidiary T-Systems, which will be acting as a data trustee for Microsoft's customers' data.
Tags: data
germany
microsoft
sets
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