Category: reverse

European Stocks Reverse Losses on Strong SAP, LVMH Results

European stocks recouped early losses on Wednesday as upbeat earnings forecast from German software group SAP and robust quarterly sales for French luxury goods maker LVMH helped soothe worries about inflation. By 0824 GMT, the pan-European STOXX 600 index was up 0.2 percent after falling as much as 0.4 percent in opening trade. The German…


Volkswagen Asks US Supreme Court to Reverse Ruling on Local Emissions Claims

WASHINGTON—Volkswagen AG and a German auto supplier on Tuesday asked the U.S. Supreme Court to reverse a lower-court ruling that said two counties could seek financial penalties over excess diesel emissions that could total billions of dollars. The German automaker’s U.S. unit and Robert Bosch LLC asked the U.S. high court to reverse a unanimous…