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Asian shares slip as bank fears add to global gloom

Asian shares fell for a sixth straight session on Friday as concerns about the health of European banks further threatened a global economy already under strain from falling oil prices and slowdowns in China and other emerging markets. “The markets are clearly starting to price in a sharp slowdown in

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Asian shares slip as bank fears add to global gloom

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Two medical colleagues duel over Sumner Redstone’s mental fitness

Doctors Stephen Read and James Spar are collaborators on a chapter of a forthcoming psychiatry textbook, colleagues at UCLA’s medical school and go-to court experts on the evaluation of mental fitness in the elderly. In the 2014 fight over whether owner Donald Sterling was fit to decide the fate of the Los Angeles Clippers basketball team, the two psychiatrists agreed

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Two medical colleagues duel over Sumner Redstone’s mental fitness

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OPEC sees oil market rebalancing in 2016, but Iran to counter non-OPEC decline

OPEC forecast on Monday that oil supply from non-member countries will post a larger-than-expected decline this year due to the collapse in prices, boosting the need for crude from the producer group. Supply outside the Organization of the Petroleum Exporting Countries (OPEC) would decline by 660,000 barrels per day (bpd) in 2016, led by the United States, OPEC said in a

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OPEC sees oil market rebalancing in 2016, but Iran to counter non-OPEC decline

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Oil slumps below $28 to 2003 low as Iran sanctions lifted

Oil prices slumped to a 2003 low below $28 per barrel on Monday as the market anticipated a rise in Iranian exports after the lifting of sanctions against Tehran over the weekend. Responding to Tehran's compliance with a nuclear deal, the …

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Oil slumps below $28 to 2003 low as Iran sanctions lifted

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VW proposes catalytic converter to fix U.S. test cheating cars – Bild am Sonntag

Volkswagen engineers have come up with a catalytic converter that could be fitted to around 430,000 cars in the United States as a fix for vehicles capable of cheating emissions tests, German daily Bild am Sonntag reported. The converter would be fitted to cars with the first generation…

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VW proposes catalytic converter to fix U.S. test cheating cars – Bild am Sonntag

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Ferrari recalls 185 California T vehicles due to fuel leak risk

(Reuters) – Ferrari North America Inc., a division of Ferrari NV , is recalling some 2016 California T vehicles due to the risk of a fuel leak in the engine compartment, according to a U.S. Department of Transportation (DOT) notice on Friday. The higher risk of a leak, which increases the chances of fire, was the result of a manufacturing defect in a part provided by a supplier, according to a…

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Ferrari recalls 185 California T vehicles due to fuel leak risk

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U.S. car makers count among Pacific trade pact skeptics

U.S. auto makers are unlikely to win a much bigger share of the Japanese vehicle market despite a bid to break down trade barriers under a new Pacific trade pact, a key advisory committee found, highlighting the difficulties ahead in winning votes for the deal through Congress. Car makers joined

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U.S. car makers count among Pacific trade pact skeptics

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U.S. employment report a green light for Fed interest rate rise

By Lucia Mutikani WASHINGTON (Reuters) – U.S. employment increased at a healthy pace in November, in another sign of the economy's resilience, and will most likely be followed by the first Federal Reserve interest rate rise in a decade later this month. Nonfarm payrolls rose

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U.S. employment report a green light for Fed interest rate rise

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EU questions McDonald’s tax deals with Luxembourg

EU antitrust regulators will investigate McDonald's tax deals with Luxembourg which enabled the U.S. fastfood chain to escape paying taxes on European franchise royalties from 2009, in a move which could lead to hefty back taxes for the company. The action by the European Commission comes two months after it ordered Luxembourg to recover up to 30 million euros ($31.7 million) from Fiat Chrysler Automobiles and the Dutch to do the same for Starbucks because their tax deals…

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EU questions McDonald’s tax deals with Luxembourg

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Ford says to incur $600 million expense in 2015 from U.S. union pact

Ford Motor Co said on Monday it will incur a $600 million expense this year tied to its new four-year contract with the United Auto Workers union in the United States. The expense is consistent with the company's previously stated

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Ford says to incur $600 million expense in 2015 from U.S. union pact

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