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Visa profit jumps, lower cross-border volume weighs on shares

5 hours ago DieselGasoil Comments Off on Visa profit jumps, lower cross-border volume weighs on shares
(Reuters) – Visa Inc reported higher expenses and lower spending by people using its cards abroad on Wednesday even as increased overall consumer spending drove quarterly profit 14 percent higher. FILE PHOPTO: Security staff stand next to a Visa logo at Murtala Muhammed International Airport before the arrival of the Nigerian Women’s Bobsled Team, in Read More

SEC fines Prosper Funding $3 million for overstating net returns to investors

5 days ago DieselGasoil Comments Off on SEC fines Prosper Funding $3 million for overstating net returns to investors
FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The Securities and Exchange Commission on Friday said Silicon Valley-based Prosper Funding LLC will pay a $3 million penalty for miscalculating and materially overstating annualized net returns Read More

Tesla’s Elon Musk, SEC get another week to work out deal on Twitter use

6 days ago DieselGasoil Comments Off on Tesla’s Elon Musk, SEC get another week to work out deal on Twitter use
NEW YORK (Reuters) – Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission will get another week to settle a dispute over Musk’s use of Twitter, a federal judge ruled Thursday. FILE PHOTO: Tesla CEO Elon Musk arrives at Manhattan federal court for a hearing on his fraud settlement with the Read More

German prosecutors charge former VW CEO Winterkorn with fraud

1 week ago DieselGasoil Comments Off on German prosecutors charge former VW CEO Winterkorn with fraud
FRANKFURT/BERLIN (Reuters) – German prosecutors charged former Volkswagen boss Martin Winterkorn with fraud on Monday over his role in the carmaker’s manipulation of diesel (gasoil) emissions testing, more than three years after the scandal came to light. The German case comes nearly a year after the United States filed criminal charges against Winterkorn, accusing him Read More

Volkswagen’s ex-boss charged with fraud in Dieselgate scandal

1 week ago DieselGasoil Comments Off on Volkswagen’s ex-boss charged with fraud in Dieselgate scandal
German prosecutors have brought charges against former Volkswagen (VW) Chief Executive Martin Winterkorn over his role in the diesel (gasoil) emissions-cheating scandal. Four other managers were also indicted in the case. They “are accused of multiple crimes realized in a single criminal action, especially a particularly serious case of fraud and an infraction of the Read More

Paris restaurants to charge cancellation fees & fines to no-show clients

1 week ago DieselGasoil Comments Off on Paris restaurants to charge cancellation fees & fines to no-show clients
Cafes and restaurants in the French capital have opted to follow the lead of hotels and guest-houses, and start charging their customers with cash penalties for late cancellation of reservations or failing to appear in time. Hundreds of Paris eateries are currently adopting the system that is widely used in the hotel industry, the Times Read More

German prosecutors press charges against former VW CEO Winterkorn

1 week ago DieselGasoil Comments Off on German prosecutors press charges against former VW CEO Winterkorn
FRANKFURT (Reuters) – Prosecutors in the German city of Braunschweig said on Monday they were pressing criminal charges against former Volkswagen Chief Executive Martin Winterkorn in connection with the carmaker’s manipulation of diesel (gasoil) emissions testing. FILE PHOTO: Former Volkswagen chief executive Martin Winterkorn leaves after testifying to a German parliamentary committee on the carmaker’s Read More

Big Oil scrambles to cut Tesla’s lifeline

1 week ago DieselGasoil Comments Off on Big Oil scrambles to cut Tesla’s lifeline
The oil lobby is trying to end government aid for the development and production of electric cars as large automotive companies are teaming up to address their emissions problem. The oil industry hates electric cars for good reasons. Intelligent executives in the industry (of which there seem few) see electric vehicles (EVs) as a death Read More