Emmisions cheating scandal: Volkswagen to recall 5 million diesel vehicles
The German automaker Volkswagen announced that it would recall up to 5 million diesel vehicles that are involved in an emissions cheating scandal.
Sep 30, 2015, 05:44 AM IST
Rio de Janeiro mayor bans Uber, open to debating regulation
The mayor of Rio de Janeiro said on Tuesday he would ban the use of ride-hailing app Uber in the city, but left the door open to possible regulation of the service in the future.
Sep 30, 2015, 04:55 AM IST
Ralph Lauren hands over CEO role to Gap executive
Ralph Lauren, creator of the Polo brand and an iconic figure in the US fashion industry, will step aside as chief executive of his namesake company, the company announced Tuesday.
Sep 30, 2015, 04:45 AM IST
Volkswagen to refit cars affected by emissions scandal
Volkswagen said on Tuesday it will repair up to 11 million vehicles and overhaul its namesake brand following the scandal over its rigging of emissions tests.
Sep 30, 2015, 02:50 AM IST
Tokyo`s Nikkei index sheds more than 3% on global rout
Tokyo`s benchmark Nikkei index dropped 3.18 percent in early trade Tuesday, extending a global equities rout on worries over China`s economy and a drop in commodity prices.
Sep 29, 2015, 07:20 AM IST
Germany launches criminal probe against VW`s ex-CEO
German prosecutors on Monday announced a criminal probe against Volkswagen`s former boss Martin Winterkorn as VW group carmakers Audi and Skoda said more than three million of their vehicles were f
Sep 29, 2015, 01:45 AM IST
China's factory sector unexpectedly shrinks in January
Activity in China`s factory sector contracted in January for the first time in more than two years, an official survey showed, a far worse result than expected that will add to worries about the country`s choppy economic outlook this year.
Feb 01, 2015, 07:36 AM IST
Wall Street closes down for January; Shake Shack rallies in debut
U.S. stocks closed down on Friday after a volatile session as investors worried at the end of a rough month for the market about weak U.S. growth data and whether instability in Europe could hurt corporate earnings in the United States.
Jan 31, 2015, 03:46 AM IST
Oil set for record bear run as OPEC output grows
Oil fell below $49 a barrel on Friday and was on course for its seventh straight month of declines, the longest such bear run on record as a supply glut showed no signs of easing with OPEC increasing production in January.
Jan 31, 2015, 01:57 AM IST
Amazon sales rise in holiday quarter, shares jump
Amazon.com Inc reported stronger than expected earnings on Thursday as North American sales surged during the crucial holiday quarter, sending its shares up 9 percent.
Jan 30, 2015, 05:37 AM IST
Wall Street finishes higher in afternoon rally as oil gains
U.S. stocks enjoyed a late afternoon rally and closed higher on Thursday as an upturn in oil prices and a rally in Apple and Boeing shares helped offset some disappointing earnings and lingering questions over U.S. monetary policy.
Jan 30, 2015, 05:29 AM IST
Alibaba plunges on disappointing sales
Alibaba shares plunged Thursday as the Chinese e-commerce giant`s quarterly report showed weaker-than-expected sales growth.
Jan 30, 2015, 03:41 AM IST
Visa reports better-than-expected quarterly profit
Visa Inc, the world`s largest credit and debit card company, reported a better-than-expected quarterly profit on Thursday as a strengthening U.S. job market and cheaper gasoline prices encouraged people to spend.
Jan 30, 2015, 03:35 AM IST
McDonald`s replaces CEO after poor sales
Fast-food giant McDonald`s replaced president and chief executive Donald Thompson on Wednesday, after the company turned in another poor quarter of sales and earnings last week.
Jan 29, 2015, 05:30 AM IST
Facebook tops Wall Street revenue target in 4th quarter
Facebook Inc`s revenue grew 49 percent in the fourth quarter, as mobile advertising growth helped the world`s largest Internet social network beat Wall Street`s targets for earnings and sales.
Jan 29, 2015, 04:36 AM IST
Private refiners compete with state firms to sell diesel to railways
Private refiners Reliance Industries Ltd and Essar Oil Ltd are competing with state refiners to sell diesel to Indian Railways, sources at the state refiners said, after the federal government`s control over diesel pricing ended last year.
Jan 29, 2015, 03:12 AM IST
Apple, Boeing keep Wall Street afloat; energy weighs
U.S. stocks were buoyed on Wednesday by earnings including Apple and Boeing, but a sharp drop in energy shares cut into gains, leaving indexes little changed.
Jan 29, 2015, 03:07 AM IST
Government will not appeal Vodafone tax ruling
The government will not appeal a regional court ruling in favour of Vodafone Group Plc in a long-running tax dispute, the cabinet decided on Wednesday, in a move aimed at boosting investor confidence in Asia`s third-largest economy.
Jan 29, 2015, 03:03 AM IST
China regulator blasts Alibaba for illegal business on its websites
A China regulator has accused Alibaba Group Holding Ltd of failing to clean up what it called illegal business deals on the e-commerce titan`s platforms, in an unusually strong government criticism of one of the country`s biggest private companies.
Jan 29, 2015, 02:05 AM IST
