Business

FRANKFURT (Reuters) – The head of Volkswagen’s (VOWG_p.DE) luxury arm Audi was arrested on Monday, the most senior company official so far to be taken into custody over the German carmaker’s emissions test cheating scandal. FILE PHOTO: Audi CEO Rupert Stadler attends company’s annual news conference in Ingolstadt, Germany March 15, 2018. REUTERS/Michael Dalder/File Photo
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(Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the U.S. Justice Department announced on Friday. The charges against Holmes, 34, and Ramesh “Sunny” Balwani, 53, were announced shortly after the privately held company said
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SAN FRANCISCO (Reuters) – Facebook Inc said on Thursday that Elliot Schrage, who as head of communications and public policy has led the social network’s response to scandals about privacy and election meddling, would step down from the company after a decade. FILE PHOTO: Facebook Chief Operating Officer Sheryl Sandberg and Vice President of communications
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(Reuters) – Electric car maker Tesla Inc (TSLA.O) is cutting several thousand jobs across the company as it seeks to reduce costs and become profitable without endangering the critical production ramp-up for its Model 3 sedan. FILE PHOTO: A sign is seen outside Tesla Motors’ new showroom in Manhattan’s Meatpacking District in New York City,
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