Business articles

Oscars auditors PwC apologize for best picture mix-up

PricewaterhouseCoopers, the accounting firm responsible for tabulating Oscar ballots, apologized for an “error” in the announcement of the best picture award Sunday, admitting Warren Beatty and Faye Dunaway were handed the wrong envelope.

Global art sales plummet, China biggest market: report

Global art sales plunged in 2016 as the number of high-value works sold dropped by half, while China regained its status as the world’s top market, Artprice said in an annual report released Monday.

LSE says Deutsche Boerse merger in doubt

The London Stock Exchange on Sunday said it is “highly unlikely” it will be able to meet antitrust conditions set by Brussels for its tie-up with Deutsche Boerse, throwing the merger into doubt.

Uber image battered by company culture skids

Accusations of sexism, cut-throat management, and a toxic work environment have Uber trying to pull its image out of a skid as competition revs in the on-demand ride market.

Shaking off dieselgate, VW races back into profit

German auto giant Volkswagen on Friday said it raced back into the black in 2016 as car sales hit an all-time high, in the latest sign of its “dieselgate” scandal fading into the rearview mirror.

VW puts 10-mn-euro cap on executive pay after dieselgate crisis

German car giant Volkswagen on Friday said it was capping the chief executive’s pay package at 10 million euros as it moved to rein in top brass salaries in the wake of the “dieselgate” scandal that has cost the company billions.

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