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VW receives regulatory approval for fixes on 1.1 million cars

Volkswagen said on Wednesday it received regulatory approval to fix another 1.1 million cars, raising the number of VW models cleared for refitting to more than 2.5 million since the start of the year. Germany's motor vehicle authority KBA has approved fixes for VW brand models, VW commercial vehicles and Audi luxury cars including the Tiguan SUV and Caddy model with 2.0 liter TDI EA 189 engines, the carmaker said. VW said the KBA has confirmed that the fixes would not result in any changes to fuel consumption, performance or noise emissions of the affected cars.

IBM to buy Merge Healthcare in $1 billion deal

(Reuters) – International Business Machines Corp said it would buy Merge Healthcare Inc , which provides medical images and clinical systems, in a $1 billion deal and combine it with its Watson Health analytics unit. Merge Healthcare shareholders will get $7.13 per share at a premium of 31.8 percent to Wednesday's close, the companies said. Merge Healthcare shares were up 29.5 percent at $7 in early trading. IBM shares were little changed at $156.78. The equity portion of the offer is valued at $713. …