JPMorgan Chase said Wednesday that its first-quarter profit fell more than 8 percent from a year earlier and tried to soothe investor concerns after it failed a key regulatory test designed to prevent another financial crisis.
HAMBURG/BERLIN (Reuters) - Volkswagen's top management board has agreed to cut executives' bonus payments by at least 30 percent, one person familiar with VW's bonus negotiations said, as the carmaker struggles to resolve a dispute over compensation. Bonuses for senior managers have become a flashpoint in an escalating dispute with the powerful labour leaders of Europe's biggest carmaker, which is under pressure to cut costs since an emissions scandal broke in September when U.S. regulators said they were investigating VW for violating clean air rules. Volkswagen's (VW) second-largest shareholder, the German state of Lower Saxony, wants management bonuses to be scrapped while VW's powerful labour leaders have been pushing for no or lower bonuses, sources familiar with the matter said.
By Harriet McLeod CHARLESTON, S.C. (Reuters) - A South Carolina judge on Wednesday delayed the murder trial of the accused gunman in last summer's Charleston church massacre by six months and rescheduled the proceedings for Jan. 17, 2017. Judge J.C. Nicholson told a court hearing he had been obliged to push back the trial from its planned start date in July because defense lawyers said a doctor needs two to six months to conduct psychiatric testing of 22-year-old defendant Dylann Roof. Roof is accused of opening fire on June 17, 2015, during a bible study session at Emanuel African Methodist Episcopal Church and killing nine parishioners, including pastor state Senator Clementa Pinckney, in a crime that shocked the nation.