Housing recovery intact despite drop in new home sales
WASHINGTON New U.S. single-family home sales tumbled from near a 9-1/2-year high in April, but the housing recovery likely remains intact amid a tightening labor market.
MILAN Air France-KLM (AIRF.PA) will strengthen its role in Italian airline Alitalia SpA CAITLA.UL, Italian transport minister Maurizio Lupi said on Monday.
"I expect that Air France will strongly reaffirm that Alitalia is a strategic asset for Air France, and therefore that there will be a strengthening of Air France's role," Lupi said at the margins of an industry conference in Milan.
Air France-KLM owns 25 percent of the loss-making Alitalia following the Italian firm's rescue from bankruptcy in 2008, and media reports have predicted the Franco-Dutch group will decide what to do with its stake in the coming week.
(Reporting by Giulio Piovaccari, writing by Naomi O'Leary)
WASHINGTON The U.S. government filed a civil lawsuit on Tuesday accusing Fiat Chrysler Automobiles NV of illegally using software to bypass emission controls in 104,000 diesel vehicles sold since 2014.
Uber Technologies Inc [UBER.UL] said on Tuesday it underpaid its New York City drivers for the past two-and-a-half years, an error that could cost the ride-hailing company tens of millions of dollars.