The U.S. Environmental Protection Agency claims Volkswagen has been cheating on emissions testing by deploying software that could sense when the car was being tested and thus lower the car's emissions.
The company has been rocked by the news that up to 11 million cars worldwide may have been installed with software that covertly altered the results of emissions tests.
Costly changes in transportation and sanitation schedules and security measures offset financial benefits, making it tough to gauge the true cost.
Oslo's Norges Bank slashed its deposit rate by 25 basis points, citing a fall in investments triggered by a decline in oil prices.
In Japan, the Nikkei 225 ended the day 2.8 percent in the red, with shares of car manufactures falling steeply as a delayed reaction to the Volkswagen emissions scandal.
The U.S. Justice Department has launched a criminal probe and at least 25 proposed class actions on behalf of consumers have already been filed in seven states.
The Chinese president said his country would lift restrictions on foreign investment, as Boeing announced plans for an aircraft finishing center in China, its first outside the U.S.
Worries that an eventual tightening in U.S. monetary policy and slower growth in China could knock the global economy have scared off investors, particularly those invested in stocks and commodities.
Martin Winterkorn, who was ranked the second-highest-paid chief executive in Europe prior to his resignation, may still receive pension payments worth millions.
With almost $500 billion in annual sales and a globally diversified supply chain, Wal-Mart holds tremendous sway over its vendors.
Being accused of flouting environmental regulations and then lying about it isn't great for business, it turns out.
Just days before the Volkswagen scandal exploded, prosecutors in the U.S. announced a mandate to go after allegedly transgressive executives, as well as companies.
Data showed U.S. manufacturing growth stayed at a two-year low in September, while Chinese factory activity shrank, underscoring worries about demand.
Other automakers besides Volkswagen Group have been accused of using faulty pollution controls to get around air-quality laws.
Refugees are landing by the thousands on the Greek island, and local volunteers are saving scores from certain death.
On Thursday, New York City public schools will close to mark Eid al-Adha -- and many Muslim families are hailing the decision.
Jony Ive oversees all aspects of design at Apple, and with the company set to launch its own car, what does that mean for what it will look like?
College athletics administrators are cracking down on daily fantasy sports and gambling references, even though they've boosted their bottom line.
Pope Benedict rode in a Mercedes, but not long after Francis' election he criticized spending on fancy cars.
The retail giant says its million-plus workers don't want $15 an hour or 40-hour weeks. The truth is more complicated.
It took the streaming radio service, which has more than 80 million active users, nearly nine years to pay out its first billion.
Amid international sanctions, dropping oil prices, a conflict in Ukraine and deepening involvement in Syria's ongoing civil war, joblessness in Russia is soaring.
The move was expected but marks a blow to the company's longtime Puget Sound manufacturing base.
Some companies charge 600 times the cost of producing TKIs, a type of cancer treatment.
"I’d be lying if I didn't say that as a person of color, you may encounter some discrimination," a black English teacher said.
As Nike prepares to release the earnings report for its first fiscal quarter of 2016, analysts say its growth in the "athleisure" sphere will be telling.
News of CEO Martin Winterkorn's resignation Wednesday comes days after the automaker admitted that 11 million of its cars were rigged to cheat on EPA emissions tests.
U.S. stocks were trading in the red Wednesday, taking cues from disappointing Chinese economic manufacturing data.
Middle-income spenders are trying to put more money into savings rather than spending it on holiday shopping, trend watchers say.
Early investors, including eBay, are taking advantage of the current large valuations attached to Indian e-commerce startups.