Tag: investors

Germany expands diesel probe to include VW board chairman

BERLIN (AP) — German prosecutors have widened their investigation into Volkswagen’s handling of the emissions scandal to include its board chairman, Hans Dieter Poetsch, the company said Sunday. Poetsch was VW’s chief financial officer when the company’s efforts to rig cars to cheat on U.S. diesel emissions tests became public in September 2015. Volkswagen said in a statement that prosecutors in the German city of Braunschweig are investigating three members of the board including Poetsch. Prosecutors were already investigating former Volkswagen CEO Martin Winterkorn and VW brand chief Herbert Diess over allegations they didn’t inform investors soon enough. VW...

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Gas Prices Continuing to Decline

You might want to fuel up for a holiday road trip because the era of cheap oil is back. The price for a barrel of crude is now at a new four and a half year low – right around 69 dollars a barrel in midday trading and on track for its biggest one day drop since May 2011. Driving the slide – OPEC nations including Iraq, Venezuela and Saudi Arabia choosing not to cut oil production despite the market free-fall in recent months. Plunging crude prices meanwhile, hammering energy stocks, especially oil drillers and production names like Halliburton and diamond offshore. Two Dow stocks to watch – chevron and Exxon Mobile, those shaving a combined 60 points off the Dow Jones industrial average midday. Baurer says: “the honeymoon with oil is over and we really need to wait and see. I would tell you that anything over 70 is going to be met with sellers. But over the next week or two I think we settle in. I think we do trade lower, but no spike down lower. But it’s not all bad news for investors – transport stocks like JetBlue, southwest and united continental are surging with eight stocks in the Dow transports hitting all-time highs. For more, check out the fox business channel finder on...

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After nurse gets Ebola, Spain quarantines 3 more

MADRID (AP) — Three more people were placed under quarantine for Ebola at a Madrid hospital where a Spanish nurse became infected, authorities said Tuesday. More than 50 other possible contacts were being monitored. The nurse, who had cared for a Spanish priest who died of Ebola, was the first case of Ebola being transmitted outside of West Africa, where a months-long outbreak has killed at least 3,500 people and infected at least twice as many. Her case highlighted the dangers that health care workers face caring for Ebola patients — officials said she had changed a diaper for...

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