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U.S. top court mulls time bars for SEC recovery of ill-gotten profits

FILE PHOTO - The seal of the U.S. Securities and Exchange Commission hangs on the wall at SEC headquarters in Washington, DC, U.S. on June 24, 2011.    REUTERS/Jonathan Ernst/File Photo

The U.S. Supreme Court on Tuesday will hear oral arguments in a case that has the potential to scale back the Securities and Exchange Commission’s ability to recover illegal profits earned as a result of fraud or other wrongdoing. The case, which involves New Mexico-based investment adviser Charles Kokesh who was sued by the SEC in 2009, hinges on whether ...

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U.S. business group urges Washington to ‘use every arrow’ against China

U.S. President Donald Trump waves as he and China's President Xi Jinping walk along the front patio of the Mar-a-Lago estate after a bilateral meeting in Palm Beach, Florida, U.S., April 7, 2017. REUTERS/Carlos Barria

The United States should “use every arrow” in its quiver to ensure a level commercial playing field in China, a U.S. business lobby said on Tuesday, warning that 2017 could be the toughest year in decades for American firms in the country. China’s policies designed to support domestic companies and create national champions have narrowed the space for foreign companies, ...

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U.S:Uber’s communication head Rachel Whetstone to depart

FILE PHOTO: A man arrives at the Uber offices in Queens, New York, U.S., February 2, 2017.  REUTERS/Brendan McDermid

Ride services company Uber Technologies Inc UBER.UL said on Tuesday its head of communications, Rachel Whetstone, will leave the company. Whetstone’s departure comes weeks after two of Uber’s high-level executives announced their plans to leave. Uber had recently faced calls for consumers to boycott the company and make changes in senior management following a series of revelations about its culture ...

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Canada to tackle overbooking on flights

CAN

Canada has said it is taking steps to tackle airline overbooking, following an incident involving United Airlines. Federal Transport Minister Marc Garneau said the government will put forward a passenger rights law this spring. It is expected to include compensation rules for those denied boarding due to factors within the carrier’s control. Mr. Garneau announced the plan last year, but ...

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U.S:Volkswagen offers six-year warranty to win back U.S. customers

FILE PHOTO: A U.S. flag flutters in the wind above a Volkswagen dealership in Carlsbad, California, U.S. May 2, 2016.  REUTERS/Mike Blake/File Photo

Volkswagen AG (VOWG_p.DE) is trying to win back American customers after its diesel emission scandal with SUV warranties that it said will be the longest in the United States. Ahead of the New York auto show, the world’s largest automaker said Tuesday it will offer a six-year, 72,000 mile warranty on its new 2018 Atlas and 2018 Tiguan sport utility ...

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Volkswagen settles 10 U.S. state diesel claims for $157 million

A man walks past the brands of the Volkswagen group during the annual news conference in Wolfsburg, Germany, April 28, 2016.    REUTERS/Fabrizio Bensch

Volkswagen AG said on Thursday it has agreed to pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world’s largest automaker looks to move past the scandal. The settlement covers states including New York, Connecticut, Massachusetts, Pennsylvania and Washington, as well as some consumer claims. In 2016, the German automaker reached ...

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U.S. economic growth revised higher, boosted by consumer spending

People cross Broadway with shopping bags in Manhattan, New York City, U.S. December 27, 2016. REUTERS/Andrew Kelly

U.S. economic growth slowed less than previously reported in the fourth quarter as robust consumer spending provided a boost that was partially offset by the largest gain in imports in two years. Gross domestic product increased at a 2.1 percent annualized rate instead of the previously reported 1.9 percent pace, the Commerce Department said on Thursday in its third GDP ...

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U.S:Oil prices fall to three-month low as U.S. rig count climbs

Fuel pump nozzles are pictured at a Helios petrol station in Almaty, Kazakhstan, June 10, 2016.  REUTERS/Shamil Zhumatov

Oil prices dropped to their lowest in three months on Monday despite OPEC efforts to curb crude output, dragged down as U.S. drillers kept adding rigs. Brent crude LCOc1 was down 11 cents, or 0.21 percent, at $51.26 per barrel by 0755 GMT, its lowest since Nov. 30. It closed the previous session down 1.6 percent at $51.37. U.S. West ...

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U.S:Trump to meet with business leaders on infrastructure

U.S. President Donald Trump arrives aboard Air Force One, returning to Washington from a weekend in Florida, at Joint Base Andrews, Maryland, U.S. March 5, 2017. REUTERS/Jonathan Ernst

President Donald Trump plans to meet with a group of infrastructure business leaders at the White House on Wednesday, a person briefed on the meeting said. During his presidential campaign, Trump said he would push for a $1 trillion infrastructure program to rebuild roads, bridges, airports and other public works projects. The lunch meeting is set to include real estate, ...

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Oil firms as OPEC floats extended output cut; markets still bloated

A gas station attendant pumps fuel into a customer's car at PetroChina's petrol station in Beijing, China, March 21, 2016. REUTERS/Kim Kyung-Hoon

Oil prices edged up on Friday, lifted by a report that producer club OPEC could extend an output cut aimed at reining in a global fuel supply overhang. Brent crude futures were trading at $55.77 per barrel at 0750 GMT (2:50 a.m. ET), up 12 cents from their last close. U.S. West Texas Intermediate (WTI) crude futures, were up 7 ...

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