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Chinese billionaire in US custody 20 years after scandal
One of the world's wealthiest people has been grounded from his fleet of private planes and stripped of his $200,000 watch.
Porsche head could be named new Volkswagen CEO
Muller needs to restore confidence of customers and motor dealers as he steers VW through scandal.
Asian stocks surrender gains in choppy trade
Asian stocks lost steam amid choppy trade early Friday, mirroring the lackluster lead from Wall Street overnight.
Average US rate on 30-year mortgages falls to 3.86 percent
Average long-term U.S. mortgage rates declined this week following the Federal Reserve's decision to keep interest rates at record lows for now.Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage fell to 3.86 percent from 3.91 percent a week earlier. The rate on 15-year fixed-rate mortgages eased to 3.08 percent from 3.11 percent.Rates have stayed below 4 percent for nine straight weeks.Fed policymakers announced last Thursday they had decided to keep a key short-term interest rate close to...
Yellen nudges markets slightly on rates
Fed Chair Janet Yellen may have slightly recalibrated expectations for a rate rise, by saying she personally anticipates a hike this year.
GM’s Barra Says Focus is Unwavering
General Motors Chief Executive Mary Barra said the auto maker continues to act with urgency even after resolving major facets of its ignition-switch crisis and said her focus is steadfast on improving profit margins.
Weak Japanese data weighs on oil markets
Oil markets remained subdued in early trading in Asia on Friday after weak data from Japan reinforced concerns over global economic growth.
Can The Idea Of Clean Diesel Survive?
We now know Volkswagen's "clean diesel" cars weren't that clean, and that's raised questions about the technology's future.
Troubles Ahead: Chicago Braces for Record Tax Increase
Sept. 24 -- Chicagoans are bracing for the biggest property tax increase in the city’s history as Mayor Rahm Emanuel contends with a budget shortfall and soaring retirement bills that have sent its credit rating tumbling. Bloomberg's Kate Smith has more on "Bloomberg Markets."
Fed's Yellen resumes schedule after struggling to finish speech
Fed chair Janet Yellen received medical attention on Thursday after struggling to finish a speech at the University of Massachusetts at Amherst. Rough Cut (no reporter narration).
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