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  • *Energy firms cutting back projects that need insuring. LONDON, Feb 10- The insurance industry is becoming the latest casualty of the oil price slump, with postponements and cancellations of energy projects forcing down premium rates and income in a market that was already crowded. Hannover Re's chief executive Ulrich Wallin used some understatement in...

  • FRANKFURT, Germany— Volkswagen and Audi say they are recalling 850,000 vehicles with suspect air bag inflators in the United States. The automaker said in a statement Wednesday that it had been notified by the agency that some drivers' side air bag inflators made by Takata Corp. of Japan could be defective. VW and Audi say they don't know of any driver's inflator...

  • *Recall to result in Daimler charge of 340 mln euros. *Charge lowers Daimler 2015 profit to 8.7 bln euros from 8.9 bln. WASHINGTON/ FRANKFURT, Feb 10- German carmakers Volkswagen and Daimler are recalling 1.5 million vehicles in the United States due to potentially faulty airbags made by Japanese company Takata Corp, the focus of a long-running global safety...

  • *Mercedes catching up fast in China. BERLIN, Feb 10- Germany's Audi and BMW sold fewer vehicles in January than luxury rival Mercedes-Benz, which has benefited from a continued surge in Chinese demand for its compact cars and sport-utility vehicles. Munich- based BMW posted a 7.5 percent increase to 133,883 cars at its core brand and predicted the "positive trend"...

  • *Other sectors monitoring case for guidance on pricing methods. BRUSSELS, Feb 10- Leading shipping container groups Maersk, MSC and 13 other companies have offered to change their pricing practices to settle an EU antitrust probe and stave off possible fines, two people familiar with the matter said on Wednesday. The European Commission opened an...

  • FRANKFURT, Germany— Deutsche Bank shares have rebounded strongly after a news report that the bank may buy back some of its own bonds to strengthen its finances. Deutsche Bank shares had fallen on worries over whether the bank could pay some of its obligations, and more generally by disappointment with the announcement Jan. 28 of a 6.8 billion euro loss for last...

  • The Vermont Occupational Safety and Health Administration completed the review of the Department for Children and Families on Friday. A letter with the findings has been given to the commissioners of the child welfare agency and the Department of Buildings and General Services and was obtained by The Associated Press on Tuesday. Social worker Lara Sobel...

  • WASHINGTON/ FRANKFURT, Feb 9- German automaker Daimler said on Tuesday it would recall 840,000 U.S. vehicles with Takata airbag inflators that could be defective, a step that would result in a charge of 340 million euros. Daimler said it had decided to recall approximately 705,000 Mercedes-Benz cars and about 136,000 Daimler vans. Takata said other automakers...

  • *Bank's market value has almost halved since a year ago. FRANKFURT, Feb 9- Deutsche Bank bosses face a formidable task to drag its shares off a 30- year low, with reassurances about its capital levels doing little to improve investor confidence and few other options on the table to trigger a recovery. Germany's flagship lender has trailed its rivals in bouncing...

  • BERLIN, Feb 9- In 2010, France's then Finance Minister Christine Lagarde urged Germany to boost economic demand at home and help weaker euro zone states recover from the global crisis. Those who say Germany is gradually rebalancing its economy, after decades of relying mainly on its exporters for growth, point to forecasts that domestic demand will account for...

  • German inventor Artur Fischer dies at 96 Tuesday, 9 Feb 2016 | 12:22 PM ET
    Artur Fischer

    Artur Fischer, a German inventor who registered more than 1,100 patents, died at age 96. The New York Times reports.

  • BERLIN, Feb 9- German environmental lobby group DUH stepped up its campaign against auto industry pollution on Tuesday, accusing Fiat Chrysler Automobiles' 500 X compact sport-utility vehicle of releasing excessive levels of toxic diesel emissions. DUH has already accused General Motors' Opel division, Renault and Daimler's Mercedes-Benz brand of...

  • FRANKFURT, Germany— 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. Competitor Credit Suisse last week announced a loss of 5.83 billion Swiss francs for last year, while four failing Italian banks needed to be bailed out in November.

  • BERLIN, Feb 9- German environmental lobby group DUH stepped up its campaign against auto industry pollution on Tuesday, accusing Fiat Chrysler Automobiles' 500 X compact sport-utility vehicle of releasing excessive levels of toxic diesel emissions. DUH has already accused General Motors' Opel division, Renault and Daimler's Mercedes-Benz brand of...

  • Experts say GPS is vulnerable to signal loss from solar weather effects or radio and satellite interference or deliberate jamming, which South Korea experienced from North Korea in recent years. France, Norway, Germany and Denmark have closed their transmitters. George Shaw of the GLA cited "cost-related" issues in Europe for pulling the project, leading the...

  • Train crash in Germany kills at least 10, injures 80 Tuesday, 9 Feb 2016 | 2:44 AM ET

    BAD AIBLING, Germany— Crews using helicopters and boats rescued dozens of people from the wreckage of two German commuter trains that crashed head-on Tuesday in an isolated part of Bavaria, killing at least 10 and leaving authorities trying to determine why multiple safety measures failed. The trains crashed on a stretch of track running between a river and a...

  • *Nikkei only up 10 pct in dollars since March 2013. TOKYO, Feb 9- When Prime Minister Shinzo Abe launched his three-pronged programme to revive Japan's stagnant, deflationary economy three years ago, the stock market cheered every step along the way. The "third arrow" of Abenomics-- reforms to make the economy more productive-- is barely a work in progress, but Abe got...

  • Business events scheduled for Tuesday Monday, 8 Feb 2016 | 1:27 PM ET

    WASHINGTON— Commerce Department releases wholesale trade inventories for December, 10 a.m. Eastern. WASHINGTON— Labor Department releases job openings and labor turnover survey for December, 10 a.m.. PARIS— French pharmaceutical firm Sanofi reports 2015 earnings.

  • MILAN/ LONDON, Feb 8- European shares closed at their lowest level in more than two years on Monday with investor concerns over the health of the region's banks compounding worries over slowing global growth. The pan-European FTSEurofirst 300 index closed down 3.4 percent at 1,239.68 points, its lowest since October 2013. Shares in Deutsche Bank fell 9.5...

  • Quality control chief leaves scandal-hit Volkswagen Monday, 8 Feb 2016 | 11:17 AM ET

    FRANKFURT, Germany— Volkswagen says its quality control chief is leaving the company. Frank Tuch, 48, is being replaced as the company deals with a scandal over diesel vehicles equipped to cheat on emissions testing. Volkswagen is being sued by the U.S. Justice Department over some 600,000 vehicles that turned off emissions controls when not being tested.