Business

Volkswagen Rigged Tests On 2.8 Million Cars In Germany, Berlin Says

Volkswagen rigged emission tests on about 2.8 million diesel vehicles in Germany, the country's transport minister said on Friday, nearly six times as many as it has admitted to falsifying in the United States. His comments, pointing to cheating on...

New iphones Hit Stores, Record Sales Expected In First Weekend

The iPhone 6s and 6s Plus hit stores around the world on Friday, at the start of what is expected to be a record weekend for sales of Apple Inc's (AAPL.O) marquee product. Eager buyers - joined by at least...

Blackberry Posts Weaker-Than-Expected Results, Pledges Revenue Gain

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Smartphone maker BlackBerry Ltd reported weaker-than-expected quarterly results on Friday but forecast higher revenue and said it might replace its operating system with Google Inc's Android platform. The Waterloo, Ontario-based company, which is pursuing a turnaround plan based on selling...

Cisco Joins Flurry Of U.S.-China Tech Partnerships

Cisco Systems Inc (CSCO.O) said Thursday it would form a joint-venture with Chinese server maker Inspur to sell networking and cloud computing products in China, where the Silicon Valley firm faces political pressure and declining sales. Cisco and Inspur said...

Oil Rebounds Near $48 On Bargain-Hunting After Sharp Fall

Oil steadied at around $48 a barrel on Thursday, as investors sought bargains after a sharp fall the previous day on an unexpectedly large buildup in U.S. gasoline stocks and a tepid demand outlook. Brent crude climbed 40 cents to...

VW Manipulated Diesel Emissions Tests In Europe, Says German Minister

Germany's transport minister says Volkswagen has admitted using the same fake emissions test in Europe as it used to falsify results in the US. Alexander Dobrindt said it was not known how many of the 11 million vehicles affected were...

Futures Rise As Commodities Recover Some Ground

U.S. stock index futures were slightly higher on Wednesday as commodity prices recovered some ground and positive economic data from Europe helped negate the impact of weak manufacturing data out of China. * Brent crude oil prices inched towards $50...

Europe’s Resilience Trumps Another China Slump

European shares rose on Wednesday after business activity data pointed to steady growth across the continent, contrasting starkly with figures that showed the biggest contraction in China's manufacturing sector since the global financial crisis. The Chinese purchasing managers index intensified...

Total Cuts Capital Spending And Output Target, Reassures On Dividend

French oil major Total has cut its capital and operating expenses again in response to low oil prices and trimmed its ambitious output growth targets but reassured the market that its dividend was safe. The cost cutting deepens previous steps...

Apple Plans Steps To Prevent Future App Store Attacks

A senior Apple Inc (AAPL.O) executive on Tuesday said the company would make it easier for Chinese app developers to download its tools for building mobile apps in a bid to prevent further attacks on its App Store. In the...