Wall St. down over 2 percent as tech rout deepens, oil drops

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

Volkswagen to offer generous compensation for U.S. customers: fund head

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.

07 Feb 2016

For sugar tax supporters, 2016 may be the sweet spot

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.

9:49am EST

Wall St. crooks get a screen test - and this time pull in big audiences

NEW YORK Wall Street villains are having their big moment on both television and the big screen.

11:40am EST

Credit Suisse's Thiam wants his bonus to be cut up to 50 percent: report

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.

10:26am EST

Prolonged oil slump sparks second wave of cuts to 2016 budgets

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.

07 Feb 2016


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