The scandal broke last week, following a report from the US Environmental Protection Agency. It said “the BMW Group does not manipulate or rig any emissions tests”.
German-based auto manufacturer Volkswagen has skirted these regulations in its recent vehicles, and the U.S. Environmental Protection Agency has ordered the company to make the cars more eco-friendly. “It was really happenstance that this was ultimately uncovered”.
Initial jobless claims rose 3k, to 267k, in the week ending September 19, a bit lower than our forecast (275k) and consensus expectations (272k). Analysts had expected new claims to rise more. Claims had fallen by 17,000 in the prior two weeks.
“The new-home sales report covering August released today was the most positive report so far in the housing recovery, but we should be careful to put too much credence to the monthly change, which once again failed to be statistically significant”, said Jonathan...
The number of Americans filing for first-time unemployment benefits rose last week, but the level remains consistent with a laboor market that is steadily adding jobs.
The doomsday seed vault – described by its creators as the “final backup” of the world’s crop collections – is making its first withdrawal less than 10 years after it opened because of the civil war in Syria. The Arctic vault’s ambitious...
Liberty Property Trust, one of the biggest commercial landlords in the Lehigh Valley, and the powerhouse developer behind projects like Philadelphia’s Comcast building and Navy Yard rehabilitation, will be in Camden on Thursday for an announcement regarding plans for...
FRANKFURT-The mood among German business managers picked up further in September, despite a weakening growth outlook for China and other large developing economies.
Now that Trump and Fiorina are No. 1 and No. 2 in a recent poll – oy! – it’s worth taking a closer look at their business records. Prior to 2012, it was always “the silver medalist” in the previous presidential primary contest who typically would...