Business

Japan telecom firms challenge $40 billion NTT takeover bid

Japanese telecoms firms appealed Wednesday to the communications ministry over a planned $40-billion takeover of the country's biggest mobile carrier by its government-backed parent, warning it would "prevent fair competition".

Business

Facebook quarterly profit jumps despite ad boycott

Facebook's profit jumped in the recently-ended quarter as the leading social network benefitted from a rebounding online ad market despite a boycott, the company reported Thursday.

Business

Layoffs loom for beleaguered US airline industry

Workers from the beleaguered US airline industry were making a last-ditch public appeal this week to coax more money from Capitol Hill power brokers to save their jobs.

Business

Germany puts first auto boss on trial over 'dieselgate'

Former Audi CEO Rupert Stadler on Wednesday became the first auto boss to go on trial in Germany over the "dieselgate" emissions scandal, five years after parent company Volkswagen admitted to the scam.

Automotive

Ex-Audi boss to stand trial for 'dieselgate'

Former Audi boss Rupert Stadler on Wednesday becomes the first to stand trial in Germany over the "dieselgate" emissions scandal, five years after parent company VW admitted responsibility.

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