Wall Street was deep in the red on Monday, as technology stocks extended a selloff from Friday and U.S. crude oil slipped below $30 per barrel, sending investors scurrying for cover to safe-haven assets.
Recent Business News
FRANKFURT Volkswagen will offer generous compensation packages to the roughly 600,000 U.S. owners of diesel vehicles whose emissions are over the legal limit, the head of its claims fund told a German paper.
LONDON 2016 could be the year of the sugar tax, as several large nations consider levies on sweetened food and drinks to battle obesity and fatten government coffers.
NEW YORK Wall Street villains are having their big moment on both television and the big screen.
ZURICH Credit Suisse Chief Executive Officer Tidjane Thiam has asked the bank's board to cut his 2015 bonus by between 25 percent and 50 percent, the Financial Times reported on Monday, after the bank posted a 2.94 billion Swiss franc ($2.96 billion) loss last year.
Less than two months into the year, the top U.S. shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow.