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German survey props up European shares

LONDON - Stock markets in Europe recovered from a poor start on Thursday after a batch of more optimistic than expected surveys of German and euro zone purchasing managers leavened an otherwise shaky mood.

Recent Business News

U.S. prosecutors probe Takata Corp over statements: WSJ

NEW YORK - U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp and Honda Motor Co Ltd , The Wall Street Journal reported on Wednesday.

Euro zone business growth unexpectedly gains pace, prices still falling: PMI

LONDON - Euro zone businesses performed much better than anyone expected this month but did so by slashing prices again, and optimism about the future fell to its lowest level in over a year, surveys showed on Thursday.

6:04am EDT

Nissan recalling 260,000 vehicles globally with Takata air bags

TOKYO - Nissan Motor Co said on Thursday it is recalling 260,000 vehicles globally due to a defect in driver-side air bags made by Takata Corp.

Buffett copycats risk a pounding as Berkshire portfolio suffers

NEW YORK - It's not been a good time for Warren Buffett wannabes.

1:25am EDT

Tesco scraps profit outlook as accounting black hole deepens

LONDON - Tesco reported a bigger than expected hole in its finances on Thursday after finding accounting mistakes had gone back further than initially thought, forcing Britain’s biggest grocer to scrap its full-year profit outlook.

5:36am EDT

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