Top Business News

Madoff customer payout nears $14 billion, as dying swindler seeks freedom

02/28/20 3:02 PM

Bernard Madoff's former customers will soon see their total recovery approach $14 billion, a court-appointed trustee said on Friday, as the dying swindler awaits a decision on whether the U.S. government will support his request to leave prison early.

Volkswagen, accordo da 830 mln euro con consumatori per scandalo diesel

02/28/20 3:00 PM

Volkswagen e una delle maggiori organizzazioni tedesche di consumatori hanno annunciato di aver raggiunto un accordo da 830 milioni di euro nell'ambito della class action per i test sulle emissioni diesel truccati.

Ex-Barclays bankers cleared over 2008 Qatar fees in blow to UK fraud office

02/28/20 2:59 PM

Three former Barclays executives were unanimously acquitted on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar in return for rescue financing during the credit crisis.

Factbox: Barclays bosses cleared of credit crisis-era fraud

02/28/20 2:59 PM

Three former Barclays executives were cleared of credit-crisis era fraud charges by a jury on Friday after a landmark London trial over undisclosed payments to Qatar in 2008.

'Big Dog' and the 'omnipotent sheikh' - how Qatar saved Barclays

02/28/20 2:59 PM

When Roger Jenkins was asked to help Barclays avoid a state bailout at the height of the financial crisis in 2008, he was expecting a bonus not a prosecution for his efforts.

Airlines at center of storm as coronavirus spreads

02/28/20 2:54 PM

European airlines stepped up their warnings over the coronavirus outbreak on Friday, with British Airways-owner IAG and Finnair flagging a hit to profits and easyJet reporting a big drop in demand into and out of a virus-affected region in Italy.

Kuwait to check visiting ships for coronavirus, evacuate citizens from Thailand

02/28/20 2:54 PM

Kuwait will check visiting ships for the new coronavirus before allowing them to dock and require crew members to stay on board as part of measures to prevent the spread of the disease, state news agency KUNA said.

Factbox: Airlines suspend flights due to coronavirus outbreak

02/28/20 2:53 PM

Airlines have been suspending flights or modifying service in response to the coronavirus outbreak.

Stocks pare losses slightly; Fed chair vows to support economy as appropriate

02/28/20 2:42 PM

The S&P 500 pared losses slightly after the U.S. Federal Reserve Chair Jerome Powell said the economy was solid though coronavirus posed a risk and he vowed that the central bank would "use its tools and act as appropriate to support the economy." {nW1N2AL00A]

Explainer: How U.S. markets will function if coronavirus breaks out in NYC

02/28/20 2:04 PM

If an outbreak of coronavirus hits New York, it could cause more sharp selling of stocks, but markets would likely continue to function even if the floor of the New York Stock Exchange had to close.

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