Thursday, February 11, 2016
Monsanto will pay an US$80 million penalty and several executives will pay smaller amounts to settle federal allegations that the agribusiness giant misstated its earnings by not properly disclosing the costs of a rebate program for its Roundup weed-killer.
Viacom Inc. CEO Philippe Dauman defended himself in a testy exchange with analysts during a quarterly earnings conference call Tuesday after the media company behind MTV and Paramount Pictures missed revenue expectations for the fifth quarter in a row.
The CEO of Deutsche Bank reassured employees and markets that the company's finances were "rock-solid" as Europe's banks took another a beating in the stock market Tuesday.
Wednesday, February 10, 2016
India's government has essentially banned a Facebook program that sought to connect with low-income residents by offering free access to a limited version of the social network and other Internet services.
A U.N. panel on Monday proposed long-sought greenhouse gas emissions standards for airliners and cargo planes, drawing praise from the White House and criticism from environmentalists who said they would be too weak to actually slow global warming.
Gap Inc. reported slumping sales at all three brands for the crucial fourth-quarter, which covers the holiday season.
Electronic gear shifters on some newer Fiat Chrysler SUVs and cars are so confusing that drivers have exited the vehicles with the engines running and while they are still in gear, causing crashes and serious injuries, U.S. safety investigators have determined.
Tuesday, February 9, 2016
Asian stock markets crept higher Monday in thin holiday trading, with gains kept in check as investors fretted about a global economic slowdown after data showed U.S. employers added fewer jobs last month.
Thailand's tourism industry is going to be re-branded to transition from being a "cheap" destination to emphasize quality and premium travel.
More countries in the Middle East are turning toward the yuan, with mainland China's bid to revive the ancient silk routes expected to give the "redback" a boost in the region.