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By Hilary Russ NEW YORK (Reuters) - U.S. stocks slipped on disappointing earnings reports on Tuesday, while U.K shares rose helped by mining firms, and crude oil prices fell as the U.S. dollar hit a seven month high. Nine of the eleven sectors in the benchmark U.S. S&P 500 stock index were negative, after poor earnings forecasts from some of the largest companies. General Motors Co shares fell more than 4.7 percent, despite better-than-expected third-quarter earnings, amid fears a slowdown in U.S. vehicle sales and a rising U.S. dollar will undercut international profits.
By David Shepardson WASHINGTON (Reuters) - A U.S. federal judge on Tuesday approved Volkswagen AG's record-setting $14.7 billion settlement with regulators and owners of 475,000 polluting diesel vehicles, and the German automaker said it would begin buying back the vehicles in mid-November. The action by U.S. District Judge Charles Breyer in San Francisco marked the latest development in a scandal that has rocked VW since it admitted in September 2015 using secret software in its diesel cars to cheat exhaust emissions tests and make them appear cleaner than they really were. Under the settlement first announced in June, Volkswagen agreed to spend up to $10.033 billion on the buybacks and owner compensation and $4.7 billion on programs to offset excess emissions and boost zero-emission vehicle infrastructure and other clean vehicle projects.
Carlos Alberto, captain of the great Brazil team that won the 1970 World Cup, died on Tuesday of a heart attack in Rio at the age of 72, Brazil's Sportv, for whom he worked, announced. Carlos Alberto starred alongside Pele, Tostao, Jairzinho and Rivelino in the Brazil team that beat Italy 4-1 in the final in Mexico and is considered as one of the greatest sides of all time. Born in Rio de Janeiro in 1944, "Capita" as he is known in Brazil, also played alongside Pele at Santos from 1966 to 1974 and at the New York Cosmos from 1977 to 1980 after beginning his career with Fluminense.