Recent Business News
NEW YORK - Oil prices fell for the second straight session on Monday as Iran and six world powers negotiated a deal for Tehran's nuclear program that could end Western sanctions, allowing the OPEC member to ship more crude into an already flooded market.
- A federal appeals court said on Monday the United States is not liable to victims of Allen Stanford's fraud who claimed that the Securities and Exchange Commission was incompetent for having taken too long to uncover the swindler's $7.2 billion Ponzi scheme.
WASHINGTON - U.S. regulators on Monday accused flamboyant New York financier Lynn Tilton and her advisory business of defrauding investors by hiding the poor performance of assets underlying three collateralized loan obligation funds.
FRANKFURT - McDonald's Corp is introducing table service in Germany as it reinvents itself as a "modern, progressive burger company" under new Chief Executive Steve Easterbrook.
NEW YORK - Morgan Stanley has agreed to sell a compressed natural gas business that came under regulatory scrutiny shortly after its launch last year, according to a document obtained by Reuters and three people familiar with the matter.