Business news

• Tycoon Slim says Trump not 'Terminator,' sees opportunities for Mexico

  27-01-2017 23:56 via news.yahoo.com
  
  By Christine Murray MEXICO CITY (Reuters) - Billionaire Carlos Slim said on Friday Mexico should not fear Donald Trump, seeing opportunities for his country in the U.S. president's economic policies, and praised Mexicans for uniting behind their government in talks with the northern neighbor. In a rare news conference, the telecoms and construction mogul called Trump a negotiator, "not Terminator" and said his repeated attacks on Mexico had united the country, giving President Enrique Pena Nieto
  
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• Buffett, Gates have hope for America after Trump ascension

  27-01-2017 23:49 via news.yahoo.com
  
  Bill Gates and Warren Buffett on Friday expressed optimism that the United States will move ahead as a nation, even as it works through political differences and gets used to the new Trump administration. The world's two richest people were speaking to students at Columbia University after U.S. President Donald Trump started to unwind the work of his predecessor Barack Obama in a series of executive orders, prompting concern from critics over what the actions mean for Americans and their place i
  
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• Senator says U.S. Labor Department dismantled website for Wells Fargo workers

  27-01-2017 23:33 via news.yahoo.com
  
  Democratic Senator Elizabeth Warren on Friday accused the U.S. Labor Department of dismantling a website designed to help Wells Fargo workers file whistleblower retaliation and other complaints against the bank, and asked the department to reinstate it. Labor Department spokesman Steve Barr told Reuters the site was removed on January 9, but did not comment further on the reasons why it was taken down. Former Labor Department Secretary Thomas Perez created the special website last September, sho
  
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• GM, Honda to announce fuel cell technology advance: sources

  27-01-2017 23:08 via news.yahoo.com
  
  General Motors Co and Honda Motor Co are expected on Monday to announce an expansion of their collaboration on fuel cell technology development, people familiar with the plans said following a notice of a press conference. GM and Honda on Friday said two senior executives would hold a news conference in Detroit with Michigan's Lieutenant Governor, Brian Calley. Mark Reuss, GM's executive vice president for global product development and Toshiaki Mikoshiba, chief operating officer for Honda's Nor
  
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• Wall Street slips after soft GDP data, earnings

  27-01-2017 22:21 via news.yahoo.com
  
  U.S. stocks edged lower for a second consecutive session on Friday as some underwhelming corporate earnings and gross domestic product data offset recent enthusiasm over policy actions by President Donald Trump. The stock was the biggest drag on the S&P 500 and the Dow Jones Industrial Average indexes.
  
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• How to use the Microsoft Sculpt Ergonomic Desktop in Windows 10

  27-01-2017 22:09 via techrepublic.com
  
  The Microsoft Sculpt Ergonomic keyboard and mouse provide time-saving features for Windows 10 users while promoting healthy computing.
  
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• Was Gigi Hadid Jealous Of Boyfriend Zayn Malik And Taylor Swift’s Sexy Song? ‘Fifty Shades Darker’ Inspired Video Lacks Intimacy  

  27-01-2017 22:05 via ibtimes.com
  
  People thinking that Gigi Hadid is a jealous girlfriend who stopped her beau Zayn Malik from engaging in PDA with her friend Taylor Swift on the set of their new video “I Don’t Wanna Live Forever” are completely wrong.
  
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• Tycoon Slim says united Mexico ready for Trump talks

  27-01-2017 22:00 via news.yahoo.com
  
  Mexican billionaire Carlos Slim said on Friday a united Mexico was ready to help the government negotiate with Donald Trump, and tried to calm fears in his country about what the U.S. president's policies would mean for its economy. In a rare news conference by the generally media-shy mogul, Slim said Mexico needed to negotiate from a position of strength, noting that Trump, who he called a "great negotiator," represented a major change in how politics was conducted. Mexican President Enrique Pe
  
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• Mexico's Slim not selling New York Times stock: spokesman

  27-01-2017 22:00 via news.yahoo.com
  
  MEXICO CITY (Reuters) - Mexican billionaire Carlos Slim has not be selling stock in the New York Times Co , Slim's son-in-law and main spokesman, Arturo Elias Ayub, said on Friday after the newspaper's stock slid on comments made by Slim during a media conference.
  
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• Oscars 2017: Will Harrison Ford Sing At Carrie Fisher’s In Memoriam At The Academy Awards?

  27-01-2017 21:58 via ibtimes.com
  
  Carrie Fisher may be gone, but she’s certainly not been forgotten. The “Star Wars” actress is slated to be remembered in a touching in memoriam at the 2017 Oscars which she may have had a hand in planning.
  
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• U.S. supermarket shares dip after Trump threatens Mexico trade

  27-01-2017 21:55 via news.yahoo.com
  
  Shares of U.S. supermarket operators fell on Friday as President Donald Trump kept up his criticism of Mexico, which is a major supplier of produce and other foods for U.S. consumers. A day after the White House suggested that the United States could impose a 20 percent tax on goods from Mexico, shares of Wal-Mart Stores and Kroger Co fell more than 1 percent, while Whole Foods Market dropped as much as 2.8 percent.
  
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• Zuckerberg Drops Hawaii Lawsuits Forcing Owners To Sell Their Land After Backlash, Calls Suits A 'Mistake'

  27-01-2017 21:50 via ibtimes.com
  
  Facebook CEO Mark Zuckerberg announced Friday he wasdropping lawsuits that sought to force Hawaiian families to sell their land in the legal action known as “quiet title and partition.”
  
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• J&J loses venue fight for talc lawsuits in Missouri

  27-01-2017 21:46 via news.yahoo.com
  
  The state high court on Tuesday this week rejected an appeal by J&J seeking to transfer most of the 2,500 lawsuits pending in state court in St. Louis to courts across the country where the plaintiffs are located. The plaintiffs are women and their families who claim studies show J&J's Baby Powder and Shower to Shower products increase the risk of ovarian cancer when used in the vaginal area.
  
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• Border tax ideas roil oil markets, favor Gulf Coast refiners

  27-01-2017 21:37 via news.yahoo.com
  
  HOUSTON/NEW YORK (Reuters) - As with many industries now fretting over the uncertain future of U.S. trade policy, the oil business is sizing up the potential impact of the various protectionist measures being bandied about Washington - which have sent crude markets into a tizzy. The trade proposal with the most momentum may be the controversial tax reform, pushed by Republicans in Congress, that could slap a tax of up to 20 percent on all imports, including crude oil. It would also hit the pocke
  
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• Wall Street dips after tepid GDP, earnings

  27-01-2017 20:52 via news.yahoo.com
  
  U.S. stocks edged lower for a second consecutive session on Friday as underwhelming corporate earnings and gross domestic product data dampened recent enthusiasm over policy actions by President Donald Trump. U.S. economic growth slowed more than expected in the fourth quarter, with GDP rising at a 1.9 percent annual rate, below the 2.2 percent rise expected by economists and the 3.5 percent growth pace logged in the third quarter. The stock was the biggest drag on the S&P 500 and the Dow Jo
  
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• Air Miles quietly devalues some points, shocks collectors

  27-01-2017 20:46 via cbc.ca
  
  Air Miles has lowered the value of miles in its vacation package category by about 20 per cent. It made the move without informing its collectors.
  
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• GM to cut 625 jobs in Canada, move some work to Mexico: union

  27-01-2017 20:44 via news.yahoo.com
  
  General Motors Co will cut 625 jobs at its auto assembly plant in Ingersoll, Ontario, by the end of July as it moves some production work to Mexico, the president of Canada's largest auto workers union said on Friday. The union blamed the North American Free Trade Agreement and Mexico's cheaper labor costs for the job losses, which it called unjustified given strong sales of the Chevrolet Equinox crossover and GMC Terrain sport utility vehicle assembled in the southern Ontario plant.
  
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• U.S. economic growth slowed to 1.9 per cent rate in Q4

  27-01-2017 20:10 via cbc.ca
  
  The U.S. economy lost momentum in the final three months of 2016, closing out a year in which growth turned in the weakest performance in five years.
  
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• Amazon launches Cloud Directory, purpose-built storage for hierarchical data

  27-01-2017 20:09 via techrepublic.com
  
  AWS recently launched Cloud Directory to the public. It is a scalable, managed service geared toward cloud and mobile applications, and you can try it free for a year.
  
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• 2017 tech conferences and events to add to your calendar

  27-01-2017 20:08 via techrepublic.com
  
  Whether you're planning to attend a major tech conference or just want to stay close to the headlines, these upcoming tech conferences and events are worth checking out.
  
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• Nasdaq amends disputed fee proposal for key stock market data

  27-01-2017 19:59 via news.yahoo.com
  
  Nasdaq Inc no longer plans to charge additional fees to access key data essential for stock market operations following complaints of price gouging from other exchanges, trading firms and an industry trade group, according to a regulatory filing. The data is related to systems called securities information processors, or SIPs, which consolidate stock orders and last sales prices from the 13 U.S. stock exchanges. In August, Nasdaq said it planned to separate its proprietary trading data from thir
  
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• Pentagon starts cost-cutting reviews of F-35, presidential aircraft

  27-01-2017 19:50 via news.yahoo.com
  
  U.S. Defense Secretary James Mattis ordered cost-cutting reviews of two major aircraft acquisition programs, the F-35 fighter jet and Boeing Co's next-generation of Air Force One presidential plane, according to Pentagon memos released on Friday. The review of Lockheed Martin's F-35 program, which President Donald Trump has derided as being too expensive, would have two parts: one looking at how to cut costs, and the other determining whether the F/A-18E/F, with improvements, could be an effecti
  
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• Four food firms prepare bids for British cereal maker Weetabix: sources

  27-01-2017 19:49 via news.yahoo.com
  
  America's third-biggest cereal company, Post Holdings , and the UK's Associated British Foods are among a group of four bidders vying for British cereal brand Weetabix, sources familiar with the matter said on Friday. The 84-year-old business could fetch at least 1.5 billion pounds ($1.88 billion), based on a valuation of more than 11 times Weetabix' core earnings, the sources said. Weetabix, owned by China's Bright Food, has also attracted interest from Cereal Partners Worldwide (CPW), a joint
  
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• Ford braced for $600 million Brexit currency hit

  27-01-2017 19:40 via news.yahoo.com
  
  By Laurence Frost PARIS (Reuters) - Ford's 2017 earnings will be hit by a delayed currency impact of at least $600 million from Britain's vote to leave the European Union, the U.S. carmaker told Reuters, putting last year's record European profit levels beyond reach. The company will no longer benefit from currency hedges that had been shielding it from the pound's slump since the June 23 referendum, Ford of Europe boss Jim Farley said on Friday. "When Brexit happened we were fully hedged for th
  
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• Ford braced for $600 mln Brexit currency hit in 2017

  27-01-2017 19:37 via news.yahoo.com
  
  By Laurence Frost PARIS (Reuters) - Ford's 2017 earnings will be hit by a delayed currency impact of at least $600 million from Britain's referendum vote to leave the EU, the U.S. carmaker told Reuters on Friday, putting last year's record European profit levels beyond reach. Currency hedges that had shielded Ford from the pound's slump following the June 23 Brexit referendum are expiring in the first three months of 2017, Ford of Europe boss Jim Farley said in an interview. "When Brexit happene
  
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• Wall Street little changed as earnings, GDP data disappoint

  27-01-2017 19:04 via news.yahoo.com
  
  The stock was the biggest drag on the S&P 500 and the Dow Jones Industrial Average indexes. The Nasdaq was weighed down by Starbucks , whose shares dropped 3.6 percent to $56.34 after the world's biggest coffee seller trimmed its full-year revenue forecast. "Earnings have really just been fine," said David Lyon, global investment specialist at J.P. Morgan Private Bank in San Francisco.
  
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• GM to cut 625 auto jobs in Canada, move to Mexico: union

  27-01-2017 18:51 via news.yahoo.com
  
  General Motors Co will cut 625 jobs at its auto assembly plant in Ingersoll, Ontario, by the end of July and move some production work to Mexico, the president of Canada's largest auto workers union said on Friday. "This came right out of left field," said Jerry Dias, the president of the union, Unifor, in a phone interview. "This is NAFTA, this has nothing to do with Trump, but it has everything to do with NAFTA." U.S. President Donald Trump met with the chief executives of the Big Three U.S. a
  
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• U.S. economy slows on wider trade gap; business spending rises

  27-01-2017 18:50 via news.yahoo.com
  
  U.S. economic growth slowed sharply in the fourth quarter as a plunge in shipments of soybeans weighed on exports, but steady consumer spending and rising business investment pointed to sustained strength in domestic demand. The economy grew at a 3.5 percent annual rate in the third quarter.
  
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• American Airlines stock plunges on rising labor costs

  27-01-2017 18:46 via news.yahoo.com
  
  American's labor costs are rising partly due to a 2015 agreement, reached with its pilots, that included a substantial pay bump. American's largest U.S. rival, Delta, noted a 2.7 percent decline in the same measure for its fourth quarter 2016 and said it expected a flat to 2 percent increase in the first quarter of 2017.
  
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• To stand out at Super Bowl LI, ads are going for stunts

  27-01-2017 18:06 via cbc.ca
  
  Advertisers from first timer 84 Lumber to veteran Hyundai are ramping up the marketing stunts in order to stand out from the crowd during the Super Bowl. Some will air live ads, or teasers for their campaigns; one will even shoot its commercial during the game.
  
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• GM axing 625 jobs at Ontario plant, shifting some production to Mexico

  27-01-2017 17:52 via cbc.ca
  
  General Motors is cutting up to 600 jobs at its assembly plant near London, Ont.
  
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• GM axing 600 jobs at Ontario plant due to expansion in Mexico, union says

  27-01-2017 17:52 via cbc.ca
  
  General Motors is cutting up to 600 jobs at its assembly plant near London, Ont.
  
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• EU scrapes a win in WTO row over Russian duties on vans

  27-01-2017 17:42 via news.yahoo.com
  
  By Tom Miles GENEVA (Reuters) - The European Union scored a few legal hits against Russia in a World Trade Organization ruling on Friday, having launched a challenge in May 2014 against Russian anti-dumping duties on German and Italian light commercial vehicles. Russia had imposed duties of 29.6 percent on German van imports and 23 percent on imports from Italy in 2013, claiming they were unfairly priced to undermine Russian producers. The case was one of a string of apparently tit-for-tat legal
  
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• Wall St. slips as earnings, GDP data disappoint

  27-01-2017 17:32 via news.yahoo.com
  
  (Reuters) - Wall Street was slightly lower on Friday, weighed down by underwhelming corporate earnings and gross domestic product data.
  
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• Porsche recalls 16,429 cars for problems with fastening screws

  27-01-2017 17:22 via news.yahoo.com
  
  BERLIN (Reuters) - Porsche is recalling 16,429 models because of problems with fastening screws, with less than a fifth of affected vehicles in its German home market, the carmaker said.
  
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• German prosecutors open fraud inquiry into former Volkswagen CEO

  27-01-2017 16:44 via news.yahoo.com
  
  By Andreas Cremer BERLIN (Reuters) - German prosecutors are investigating former Volkswagen chief executive Martin Winterkorn on suspicion of fraud, looking into when he first knew that the carmaker was rigging diesel emissions tests. It is the second investigation into Winterkorn's role in the scandal by prosecutors in the German town of Braunschweig near Volkswagen's (VW) Wolfsburg headquarters. The former CEO is already being investigated over possible market manipulation.
  
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• Exclusive: Ford braced for $600 million Brexit currency hit

  27-01-2017 16:34 via news.yahoo.com
  
  By Laurence Frost PARIS (Reuters) - Ford's 2017 earnings will be hit by a delayed currency impact of at least $600 million from Britain's vote to leave the European Union, the U.S. carmaker told Reuters, putting last year's record European profit levels beyond reach. The company will no longer benefit from currency hedges that had been shielding it from the pound's slump since the June 23 referendum, Ford of Europe boss Jim Farley said on Friday. "When Brexit happened we were fully hedged for th
  
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• How to use Zarp for penetration testing

  27-01-2017 16:27 via techrepublic.com
  
  Network or systems administrators must conduct pen testing to discover any possible security weaknesses. Find out why Zarp is a very powerful pen-testing tool to have at your disposal.
  
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• Ford SmartLink offers new path to connectivity for road warriors, fleet vehicles

  27-01-2017 16:25 via techrepublic.com
  
  Ford recently announced a new OBD II port accessory called the SmartLink that gives older models remote start, location assistance, and 4G Wi-Fi.
  
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• NEB to restart Energy East pipeline approval process

  27-01-2017 16:16 via cbc.ca
  
  The National Energy Board has thrown out previous rulings on TransCanada's Energy East pipeline and will start the process over from scratch.
  
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• Microsoft's market value tops $500 billion again after 17 years

  27-01-2017 16:04 via news.yahoo.com
  
  (Reuters) - Microsoft Corp's market capitalization topped $500 billion for the first time since 2000 on Friday, after the technology giant's stock rose following another quarter of results that beat Wall Street's expectations. Shares of the world's biggest software company rose as much as 2.1 percent to $65.64, an all-time high, in early trading, valuing the company at $510.37 billion. The last time Microsoft was valued more was in March 2000, during the heyday of the dotcom era, when it had a m
  
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• Alphabet's hardware growth adds to strength in core ad business

  27-01-2017 15:56 via news.yahoo.com
  
  Alphabet Inc's core advertising business remained strong and its smartphone and home-automation products were gaining traction, analysts said a day after the company missed profit expectations, hurt by a higher tax rate. At least 11 brokerages raised their price targets on Alphabet's stock, which now has a median price target of $992.50 - indicating a 15.8 percent upside to the stock's Thursday close. "From a capital allocation standpoint, we appreciate Alphabet is investing in strategic, promis
  
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• AbbVie's revenue misses as Hepatitis C, cancer drugs drag

  27-01-2017 15:33 via news.yahoo.com
  
  (Reuters) - AbbVie Inc's quarterly adjusted revenue missed analysts' estimate as sales of its hepatitis C treatment and cancer therapy came in below Street expectations, overshadowing strong U.S. sales of its flagship Humira drug.
  
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• Tim Hortons owner to bring chain to Mexico for 1st time

  27-01-2017 15:23 via cbc.ca
  
  Tim Hortons is planning on expanding into Mexico in the near future, the coffee and doughnut chain's owner said Friday.
  
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• Weak exports curb U.S. fourth-quarter economic growth

  27-01-2017 14:40 via news.yahoo.com
  
  Growth in the first half of the year was curbed by cheap oil and a strong dollar, which undercut company profits and weighed on business investment. In the fourth quarter, exports fell at a 4.3 percent rate, reversing the 10 percent increase notched in the third quarter. The fourth-quarter drop in exports was the biggest since the first quarter of 2015.
  
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• Starbucks problem: their app is too popular, making lines that scare away customers

  27-01-2017 14:38 via cbc.ca
  
  Starbucks baristas at the company's busiest cafes had difficulty keeping up with mobile orders in the latest quarter, creating bottlenecks at drink delivery stations and leading some walk-in customers to walk out.
  
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• Drugmaker AbbVie's quarterly revenue misses estimates

  27-01-2017 14:26 via news.yahoo.com
  
  (Reuters) - AbbVie Inc's quarterly adjusted revenue missed analysts' estimate, in part due to lower-than-expected sales of its hepatitis C drug and cancer treatment.
  
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• Apple strategy in 'smart home' race threatened by Amazon

  27-01-2017 14:04 via news.yahoo.com
  
  By Stephen Nellis SAN FRANCISCO - In less than a year, Amazon's combination of the Echo speaker system and the Alexa voice-controlled digital assistant has come close to delivering on the elusive promise of easy-to-use technology that can control gadgets in the home with a few spoken words. Amazon is pursuing an open-systems approach that allows quick development of many features, while Apple is taking a slower route, asserting more control over the technology in order to assure security and eas
  
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• American Airlines profit plunges

  27-01-2017 13:54 via news.yahoo.com
  
  (Reuters) - American Airlines Group Inc , the No. 1 U.S. airline by passenger traffic, reported a fall in profit from a year earlier, when it recorded a $3 billion tax benefit.
  
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• Volkswagen ex-CEO may have known of cheating sooner: prosecutors

  27-01-2017 13:22 via news.yahoo.com
  
  Former Volkswagen Chief Executive Martin Winterkorn may have known sooner than he has admitted that the carmaker was cheating on emissions tests, German prosecutors said on Friday, as they widened an investigation into the scandal. VW's acknowledgement in September 2015 that it had used software to manipulate emissions erased billions of euros from its market value, forced Winterkorn's resignation and sparked investigations and lawsuits across the world. VW has said its executive board did not l
  
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