THE RE­CAP

The Washington Post Sunday - - TAKING STOCK -

Busi­ness

Volk­swa­gen’s mas­sive emis­sions cheat­ing scan­dal has be­gun bat­ter­ing the com­pany’s sales, ac­cord­ing to data re­leased Thurs­day, as a mon­ster month for the auto in­dus­try by­passed the Ger­man car­maker. The com­pany said its U.S. sales grew mod­estly in Septem­ber, inch­ing up 0.6 per­cent com­pared with last year, while each of the na­tion’s five big­gest car brands re­ported sales growth of more than 10 per­cent.

U.S. driv­ers bought a record 53,070 Subarus in Septem­ber, a 28 per­cent in­crease over the same month last year. No other car com­pany saw sales grow so quickly. In fact, no other com­pany has been close to match­ing Subaru’s sales pace all year.

Al­coa will split into two in­de­pen­dent com­pa­nies, sep­a­rat­ing its baux­ite, alu­minum and cast­ing oper­a­tions from its en­gi­neer­ing, trans­porta­tion and global rolled-prod­ucts busi­nesses. Most of Lehman Broth­ers Hold­ings’ cred­i­tor claims to $8.6 bil­lion taken by JPMor­gan Chase Bank on the eve of Lehman’s 2008 bank­ruptcy as col­lat­eral on loans were thrown out by a U.S. judge in New York.

Hack­ers stole per­sonal in­for­ma­tion be­long­ing to about 15 mil­lion T-Mo­bile wire­less cus­tomers and po­ten­tial cus­tomers in the United States, in­clud­ing So­cial Se­cu­rity num­bers, home ad­dresses and birth dates. De­fense con­trac­tor L-3

Com­mu­ni­ca­tions agreed to pay $4.63 mil­lion to set­tle a whistle­blower law­suit al­leg­ing that the com­pany over­charged for work it per­formed at two mil­i­tary bases.

Rio de Janeiro, the host of next year’s Sum­mer Olympics, is the first in Brazil to ban the use of ride­hail­ing apps such as Uber.

Tar­get will match its online prices with those of more than two dozen online com­peti­tors in­clud­ing Ama­zon.com andWal­mart.com.

A less-ex­pen­sive ver­sion of the world’s top-selling in­sulin, Sanofi’s Lan­tus, could go on sale in the United States late next year. The French drug­maker said that it set­tled a law­suit over patents for Lan­tus Solo Star, its once-daily in­sulin in a pen-style in­jec­tor.

Whole Foods Mar­ket will cut 1,500 jobs over the next eight weeks, a cut that will af­fect about 1.6 per­cent of its work­force.

Con Agra will cut 1,500 jobs, or 30 per­cent of its global of­fice-based work­force and move head­quar­ters to Chicago from Omaha.

Cap­i­tal Busi­ness

Ex­elon filed a re­quest with the D.C. Public Ser­vice Com­mis­sion to res­ur­rect its pro­posed $6.4 bil­lion merger with Pepco, ar­gu­ing the reg­u­la­tor erred in block­ing the deal one month ago. At the same time, D.C. Mayor Muriel E. Bowser (D) sig­naled that her ad­min­is­tra­tion is in talks with the util­i­ties to reach a set­tle­ment that could save the deal. The Pen­tagon’s chief weapons

buyer, Frank Kendall, said that con­tin­ued con­sol­i­da­tion of ma­jor de­fense firms could limit com­pe­ti­tion, sti­fle in­no­va­tion and even­tu­ally re­sult “in higher prices to be paid by the Amer­i­can tax­payer in or­der to sup­port our warfight­ers.”

No­vavax, a Gaithers­burg, Md., vac­cine maker, re­ceived an $89 mil­lion grant from the Gates Foun­da­tion to de­velop an in­oc­u­la­tion for res­pi­ra­tory syn­cy­tial virus, a com­mon pneu­mo­nia caus­ing in­fec­tion strik­ing new­borns and the el­derly.

Deals

Axel Springer, a Ger­man media com­pany, agreed to take over Busi­ness In­sider in a $343 mil­lion deal, ac­cel­er­at­ing its push into English-lan­guage news af­ter los­ing a bid­ding con­test for the Fi­nan­cial Times two months ago.

Al­bert­sons Cos. plans to raise about $1.53 bil­lion in an ini­tial public of­fer­ing to pay down debt af­ter a deal that brought the U.S. su­per­mar­ket chain to­gether with Safe­way.

Econ­omy

The U.S. job mar­ket slowed sharply in Septem­ber, rais­ing new ques­tions about the stur­di­ness of the coun­try’s eco­nomic ex­pan­sion amid weaker growth around the globe. The United States added just 142,000 jobs in Septem­ber, well be­low an­a­lysts’ ex­pec­ta­tions. The un­em­ploy­ment rate has re­mained un­changed at 5.1 per­cent for the past two months.

Chris­tine La­garde, head of the In­ter­na­tional Mon­e­tary Fund, said global growth prob­a­bly will be weaker this year as the world econ­omy con­fronts a host of prob­lems, in­clud­ing a refugee cri­sis in Europe, a slow­down in China and a pend­ing rise in U.S. in­ter­est rates.

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