Italy says new tests find no defeat devices on Fiat Chrysler cars

Additional tests carried out on Fiat Chrysler models during Italy’s main emission-cheating investigation have found no illegal engine software, Italy’s transport minister said on Wednesday. A final report on the new tests is due to be published within...

Cognizant to appoint 3 directors, return $3.4 billion to shareholders

IT services provider Cognizant Technology Solutions, bowing to pressure from activist investor Elliott Management, agreed to appoint three directors and return $3.4 billion to shareholders. Elliott disclosed a more than 4 percent stake in Cognizant in November and had...

2016 was a ‘good year for Carlsberg’ despite Russia’s ban on big bottles, says CEO

Carlsberg’s fourth-quarter sales may have missed expectations, as the Danish drinks giant comes to grips with difficult market conditions in Eastern Europe, however its chief executive remains confident on the company’s overall results and future....

Time Warner earnings beat Wall Street’s expectations, helped by success of “Harry Potter” spinoff

Time Warner, which is in the process of being bought by AT&T, reported on Wednesday quarterly earnings and revenue that beat Wall Street’s expectations, helped by the success of blockbusters like the “Harry Potter” spinoff “Fantastic Beasts...

Zuckerberg’s non-profit invests $50 million into researching deadly diseases

The Chan Zuckerberg Biohub, the non-profit medical research organization launched by Facebook founder Mark Zuckerberg and his paediatrician wife Priscilla Chan, has selected the first wave of applicants to receive funding for their research into deadly diseases. The...