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North Korea denies hacking Sony, wants joint probe with U.S.

SEOUL/WASHINGTON - North Korea said on Saturday U.S. accusations that it was involved in a cyberattack on Sony Pictures were "groundless slander" and that it wanted a joint investigation into the incident with the United States. | Video

Recent Business News

Oil surges 5 percent as bears take profits, seeing $60 floor

NEW YORK - Oil closed up as much as 5 percent on Friday, its biggest gain in over two years, as some traders took profits on short positions after prices this week hit their lowest since 2009.

19 Dec 2014

Former Chrysler Group expands Takata driver-side air bag recall globally

DETROIT - FCA US , the former Chrysler Group, on Friday expanded a U.S. regional recall of older cars with potentially defective driver-side Takata air bags to a global action, affecting more than 3.3 million vehicles.

19 Dec 2014

Oil, stocks go their separate ways

NEW YORK - Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down.

19 Dec 2014

Russia's parliament rushes through bill boosting banking capital

MOSCOW - Russia's lower house of parliament hastily approved a draft law on Friday that would give the banking sector a capital boost of up to 1 trillion rubles ($16.5 billion).

19 Dec 2014

U.S. labor agency files complaints against McDonald's

- McDonald's Corp and some of its franchisees were named jointly in complaints filed on Friday by the U.S. National Labor Relations Board's Office of the General Counsel, accusing them of labor violations in a widely anticipated move that could have wide-reaching implications for businesses.

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