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Volkswagen to offer generous compensation for U.S. customers: paper

FRANKFURT Volkswagen will offer generous compensation packages for the roughly 600,000 U.S. owners of diesel vehicles that emit an illegal amount of emissions, the head of its claims fund told a German paper.

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German competition watchdog wants 'big data' hoards considered in merger probes: paper

FRANKFURT The vast troves of consumer data held by big Internet companies should be scrutinized in merger probes because they have a big impact on competition, the president of the German antitrust watchdog told a newspaper.

06 Feb 2016

China says EU should take steel dumping claims to WTO

BEIJING China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization (WTO), responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel.

06 Feb 2016

Iran says Peugeot would pay compensation for withdrawal during sanctions

DUBAI The French car-maker Peugeot would pay compensation to Iran according to a new contract signed with Tehran last month, for the losses inflicted through its sudden withdrawal from the Iranian market during the sanctions, Iran's minister of trade and industry said on Saturday.

06 Feb 2016

China starts investigation of Sinochem Group president Cai Xiyou

BEIJING Cai Xiyou, president of Sinochem Group, the Chinese energy and chemicals conglomerates, has been put under investigation for serious discipline violations, China's main anti-corruption agency said on Saturday, using the usual euphemism for graft.

06 Feb 2016

Business services firms' shares bleed as LinkedIn, Tableau crash

NEW YORK/SAN FRANCISCO Dismal sales outlooks from marquee technology names sent shares in the enterprise sector crashing on Friday as investors questioned whether information-technology managers would keep spending on their products. | Video

05 Feb 2016

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