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German Police Arrest Volkswagen's Ex-Engine Chief in Emissions Scandal

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The investigation into Volkswagen AG's emissions-cheating scandal took a dramatic turn Thursday, when the former engine chief of the auto maker was arrested in connection with its rigging of diesel-powered cars to dupe regulators, a person familiar with the situation said.

VW Takes New $2.9 Billion Hit From Diesel Scandal

Volkswagen warned that its third-quarter operating result would take a hit of around $2.94 billion as the company continues to grapple with the fallout of the diesel emissions scandal.

Twitter's Disclosure of Russian Activity Sparks Criticism From Lawmakers

Twitter offered its first public information on Russian use of its platform during the U.S. presidential election, but its limited disclosure only fueled criticism from lawmakers who are pushing for greater transparency from internet companies over how their platforms are manipulated.

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Whole Foods Discloses Data Breach

Whole Foods said card-payment information of customers who drank and dined in its taprooms and full-service restaurants has been hacked.

IKEA Jumps Into 'Gig Economy' With Deal for TaskRabbit

IKEA agreed to acquire Silicon Valley startup TaskRabbit-the online marketplace that connects people with freelancers willing to run errands and do odd jobs-combining the pioneer of the flat pack with a trailblazer of the so-called gig economy.

Wal-Mart Tries to Take Jet.com Upscale

The retailer's Jet.com website will start selling clothes from Bonobos, ModCloth and its own private brand of food and household goods.

Invesco to Buy Guggenheim ETF Business for $1.2 Billion

The money manager is broadening its footprint in one of the fastest-growing corners of investing with its purchase of Guggenheim Investments's exchange-traded funds business for $1.2 billion in cash.

Largest U.S. Banks Get More Time for 'Living Wills'

U.S. regulators gave eight of the largest U.S. banks more time to file their next "living will" plans describing how they could fail without needing taxpayer assistance.

AbbVie, Amgen Reach Humira Settlement

Drugmakers AbbVie and Amgen reached a patent-dispute settlement requiring Amgen to wait until 2023 to start selling a lower-priced copy of the world's top-selling drug, AbbVie's arthritis treatment Humira, in the U.S.

Bitcoin Exchange Giant BitFlyer Gets Key License in Japan

Japan's Financial Services Agency on Friday handed out its first licenses for digital-currency exchanges, allowing them to operate legally in the country and further solidifying the upstart currency's status in the world's third-largest economy.

(END) Dow Jones Newswires

September 29, 2017 05:15 ET (09:15 GMT)