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Trump greets EU trade reprisals with threat of steep auto tariff

WASHINGTON President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars. | Video

Recent Business News

OPEC agrees modest hike in oil supply after Saudi and Iran compromise

VIENNA OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to curb rising fuel costs. | Video

4:35pm EDT

Netflix communication head quits over 'insensitive' comment

Netflix Inc Chief Communications Officer Jonathan Friedland is leaving the video streaming company, a company spokesperson said on Friday without giving more details.

5:47pm EDT

Bitcoin falls to four-month low in persistent bearish trend

NEW YORK Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such as Japan's financial regulator ordering six digital currency exchanges to make improvements on their anti-money laundering systems.

World, Tech, Japan 3:18pm EDT

VW may seek damages from ex-CEO Winterkorn over dieselgate

FRANKFURT Volkswagen is reviewing whether to seek damages from former Chief Executive Martin Winterkorn, who was at the helm when it emerged the carmaker had cheated on emissions tests, supervisory board member Stephan Weil told a newspaper.

2:33pm EDT

Schlumberger oil services wins in U.S. Supreme Court on patent damages

WASHINGTON The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world's largest oilfield services provider.

12:18pm EDT

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