Volkswagen to launch budget car family in 2018: CEO in paper

FRANKFURT (Reuters) - Germany's Volkswagen plans to launch a family of low cost budget cars in China and possibly elsewhere starting in 2018, its chief executive said in a newspaper interview on Sunday.

Apple Purges Online Store of Certain Apps Using Confederate Flag

Apple Inc., following other retailers, said it eliminated from its online store some third-party apps that feature the Confederate flag.

Wal-Mart has a massive plan that should terrify Whole Foods, Kroger, and Trader Joe's

Wal-Mart is gearing up to dominate the grocery business. The retailer's smaller-format stores, called Neighborhood Markets, are a major threat to traditional supermarkets like Whole Foods, Kroger, and Trader Joe's, and they are expanding rapidly, according to Moody's analysts.

Coca-Cola isn't one giant corporation — it's a system of almost 275 companies

Unless you're an attentive investor or you work in the industry, you may not realize that Coca-Cola isn't just one giant corporation; it's a system of almost 275 independent small companies connected to The Coca-Cola Company.

Lufthansa cabin crew say no more talks, strikes more likely

A German cabin crew union on Saturday said it would not resume talks with Lufthansa after mediation failed in a dispute over pay and pensions, adding it would give an update on its next steps on June 22.

Petrobras scandal: Top construction bosses arrested in Brazil

Two top Brazilian businessmen have been arrested as part of a major investigation into corruption at state-owned oil giant Petrobras.

RBS says accounts updated after glitch

RBS has said that the payment problems experienced by some customers earlier in the week have now been resolved and accounts have been updated.

James Murdoch to become Fox chief executive on 1 July

The entertainment firm 21st Century Fox has confirmed that James Murdoch will take over as chief executive from his father Rupert on 1 July.

Costa Coffee owner Whitbread grinds out first-quarter sales increase

Whitbread has announced a strong start to the financial year with first-quarter sales up 4.3% at its Premier Inn and Costa Coffee chains.

Paris Air Show: Airbus and Boeing end day on 200 orders

Planemakers Airbus and Boeing ended the first day of the Paris Air Show with more than 200 combined orders.

Twitter CEO Transition Delays Changes Wall Street is Waiting For

When Twitter Inc. announced a change in leadership, the stock gained on optimism that co-founder and interim Chief Executive Officer Jack Dorsey would bring the vision and product expertise to improve the service.

Network Rail profits halve as accounting changes bite

Network Rail annual pre-tax profit has halved to £506m ($782m; €692m), compared with £1.04bn a year earlier.

Most Apple Pay payments will have £20 limit, banks say

Most payments using the new Apple Pay system will be limited to £20 when it launches in the UK in July, the BBC understands.

FIFA crisis? Not with the world's first $1 billion soccer brand

It's not winning on the pitch but Manchester United has claimed another title: The world's most valuable soccer brand.

Deutsche Bank bosses resign in the wake of Libor scandal

The two co-chief executives of scandal-hit European banking giant, Deutsche Bank, have resigned.

Lloyds hit by record £117m fine over PPI handling

State-backed Lloyds Banking Group has been fined a record £117m by the City watchdog for mis-handling payment protection insurance (PPI) complaints.

Royal Mail stake to be sold off, George Osborne announces

The government's remaining 30% stake in the Royal Mail is to be sold and £3bn cut from government spending this year,

George Osborne has said.

Big six energy firms face price call from Energy Secretary Amber Rudd

The major energy suppliers in the UK are facing pressure from the new government over their prices. Energy Secretary Amber Rudd has spoken and written to the "big six" suppliers to question them about whether prices are reflecting companies' costs.

100,000 Walmart managers get a raise

Walmart, which started raising worker pay in April, will hike the wages of 100,000 managers by as much as 26%.

Intel snaps up rival Altera in $16bn deal

The world's biggest chipmaker, Intel, has agreed to buy smaller rival Altera in a $16.7bn (£10.9bn) deal. Intel said it would pay $54 a share for the firm, 10.5% higher than the level Altera's shares closed at on Friday.