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  • PRAGUE— After the attacks in Paris and New Year's security scares, Germans have been snapping up self-defense equipment like stun guns— to the delight of a Czech manufacturer who corners the market. Prague- based Euro Security Products, or ESP, has been flooded by new orders from Germany for stun guns and can't keep up with demand. Ingo Meinhard, the head of the German...

  • GENEVA— The new CEO of Credit Suisse has proposed that its board make a "significant" cut in his bonus after the Swiss bank posted disappointing earnings last week and announced 4,000 job cuts. An e-mail from Credit Suisse's press office said he proposed the biggest cut among the bank's management team because "I cannot demand sacrifices from others and not make...

  • LONDON, Feb 8- European equities hit a 16- month low on Monday, extending the previous week's hefty losses, with cyclical sectors such as banking and automobiles bearing the brunt of a broader sell-off. The FTSEurofirst 300 index of top European shares fell 2.1 percent to 1,256.30 points by 1004 GMT, after falling down to 1,252.24 points, its lowest level since...

  • LONDON, Feb 8- European shares plunged to 16- month lows on Monday, extending a aggressive sell-off, while bond yields and oil also fell as investors shed risky assets on persistent concern over the pace of global growth. Data over the weekend showing China's foreign reserves fell for a third straight month in January, as dollars were dumped to defend the yuan and...

  • LONDON, Feb 8- European equities fell sharply on Monday, extending the previous week's steep losses, with cyclical sectors losing ground on persistent concerns about the pace of global economic growth. The pan-European FTSEurofirst 300 was down 1.7 percent at 1,261.05 points by 0940 GMT after falling up to 1,259.27 poits, its lowest level since October 2014.

  • MONTREAL/ WASHINGTON, Feb 7- Europe and the United States tried to bridge differences over emissions standards for aircraft on Sunday as global aviation leaders prepared to adopt new rules that could affect Boeing Co and Airbus Group's production of the largest jetliners and freighters. Proposals being debated in Montreal by the International Civil...

  • In September, German prosecutors searched offices and residences linked to Maple Bank in a probe of serious tax evasion and money laundering connected to so called dividend stripping trades. Bafin said in a statement that once Maple Bank made some necessary tax provisions, over-indebtedness loomed. German daily Sueddeutsche Zeitung reported on Sunday...

  • FRANKFURT, Feb 7- Volkswagen will offer generous compensation packages to the roughly 600,000 U.S. owners of diesel vehicles whose emissions are over the legal limit, the head of its claims fund told a German paper. The German car maker has still not decided whether vehicle owners will be offered cash, car buy-backs, repairs or replacement cars, Kenneth Feinberg...

  • *Deal to boost tycoon Charoen's retail presence in Thailand. HONG KONG/ BANGKOK, Feb 7- France's Casino Group has agreed to sell its majority stake in Thai hypermarket operator Big C Supercenter for 3.1 billion euros excluding debt to Thailand's TCC Group, it said on Sunday. Casino announced a 4- billion-euro disposal plan in 2016, including the sale of its...

  • BERLIN— German authorities have ordered the closure of Maple Bank after the Canadian-owned company was investigated for alleged tax evasion and money laundering. Maple Bank, based in Frankfurt, Germany, is part of Canada's Maple Financial Group. The Federal Financial Supervisory Authority said Sunday that it has forbidden Maple Bank from making payments or...

  • FRANKFURT, Feb 7- Volkswagen will offer generous compensation packages for the roughly 600,000 U.S. owners of diesel vehicles that emit an illegal amount of emissions, the head of its claims fund told a German paper. Volkswagen in December asked Feinberg-- who earlier headed the compensation funds for the Sept. 11, 2001 attacks, the BP Deepwater Horizon oil spill...

  • Revaluing family treasures for the taxman Saturday, 6 Feb 2016 | 2:50 PM ET
    1954 Ferrari 375 MM

    Art, cars and collectibles passed down are often subject to estate taxes or gift taxes, but their value can be subjective, The NY Times reports.

  • BUENOS AIRES/ NEW YORK, Feb 6- Investors on Saturday praised the speed with which new Argentine President Mauricio Macri made a cash offer to holders of defaulted bonds aimed at ending a long and bitter dispute that has strangled government finances. A financial markets pariah since defaulting on a record $100 billion in 2002, Argentina proposed on Friday a...

  • Investors welcome Argentina's swift offer to holdouts Saturday, 6 Feb 2016 | 12:14 PM ET

    BUENOS AIRES/ NEW YORK, Feb 6- Investors on Saturday praised the speed with which new Argentine President Mauricio Macri tabled a cash offer to holders of defaulted bonds aimed at ending a long and bitter dispute that has strangled government finances. A financial markets pariah since defaulting on a record $100 billion in 2002, Argentina proposed on Friday a...

  • WASHINGTON— President Barack Obama said Saturday that he will ask the Republican-led Congress to double spending on research and development into clean energy by 2020. GOP lawmakers scoff at the science behind climate change and dismiss Obama's pleas for the issue to be dealt with urgently. Obama on Tuesday plans to send to Congress the spending blueprint...

  • Feb 5- Aircraft engine maker CFM International said its backlog hit a record $180 billion last year as sales of fuel-efficient jetliners rose despite low oil prices and weakening economies that have raised concern about an aviation slowdown. CFM, a joint venture of General Electric Co and Safran SA of France, said its backlog rose to 13,400 engines, including...

  • *Tom Ford also to sell collection on same day as Sept show. LONDON/ PARIS, Feb 5- Design houses Burberry and Tom Ford on Friday announced new strategies that will allow them to close the gap between the runway and retail in order to get clothing and accessories more quickly to customers in different climates around the world. Major luxury brands such as Dior, Chanel,...

  • Feb 5- Aircraft engine maker CFM International said on Friday it sold 2,154 engines last year valued at $27 billion, including 1,418 LEAP engines and 736 CFM56 motors. CFM, a joint venture of General Electric Co and Safran SA of France, said its backlog of LEAP engines, which power the Boeing 737 MAX and Airbus A320neo jetliners, now stands at more than 10,000 units...

  • CFM sells 2,154 engines in 2015 Friday, 5 Feb 2016 | 1:06 PM ET

    Feb 5- Aircraft engine maker CFM International said on Friday it sold 2,154 engines last year valued at $27 billion, including 1,418 LEAP engines and 736 CFM56 motors. It also said it produced 1,638 CMF56 engines in 2015.. CFM, a joint venture of General Electric Co and Safran SA of France, said its backlog of LEAP engines, which power the Boeing 737 MAX and Airbus...

  • Business events scheduled for the coming week Friday, 5 Feb 2016 | 12:41 PM ET

    BERLIN— Germany releases industrial production figures for December. WASHINGTON— Commerce Department releases wholesale trade inventories for December, 10 a.m.; Labor Department releases job openings and labor turnover survey for December, 10 a.m.. WASHINGTON— Fed Chair Janet Yellen testifies to House committee on monetary policy, 10 a.m.; Embargo on prepared...