Continental AG CEO says Audi recall no threat to guidance

MUNICH - Continental said a fault with airbags installed at premium sportscar maker Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance.

Recent Business News

BNP shakes off impact of U.S. fine, returns to profit

PARIS - France's No. 1 bank BNP Paribas returned to net profit in the third quarter, recovering from a costly U.S. legal settlement to publish what it called a "rock solid" balance sheet, sending its shares up over 4 percent. | Video

6:19am EDT

Citigroup sets aside $600 million more to cover legal costs

- Citigroup Inc said it was setting aside an extra $600 million to cover legal expenses in the third quarter due to "rapidly evolving regulatory inquiries," while also disclosing that it was subject to foreign exchange market probes.

30 Oct 2014

Euro zone inflation slightly higher in October

BRUSSELS - Inflation in the 18 countries sharing the euro edged up slightly in October, a first estimate by the European Union's statistics office showed on Friday, giving some hope to policy makers that price deflation can be avoided.

6:29am EDT

Starbucks Americas sales disappoint on softer traffic

- Starbucks Corp's early re-launch of its popular Pumpkin Spice latte drink failed to heat up business at its U.S. cafes, disappointing Wall Street and sending the company's shares down almost 5 percent.

3:41am EDT

RBS takes $640 million forex charge and warns of more to come

LONDON - State-backed Royal Bank of Scotland has set aside 400 million pounds ($640 million) to cover potential fines for manipulating currency markets and warned further charges for past misconduct would continue to hit its profits.


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