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  • *Audi, BMW, Mercedes to buy Nokia's HERE. FRANKFURT/ HELSINKI, Aug 3- German carmakers BMW, Audi and Mercedes, will pay around 2.5 billion euros to buy Nokia's maps business, a transformational deal that will help them to develop self-driving cars. Daimler BMW and Audi will each hold an equal stake in the business, known as HERE, keeping it from falling into the hands of a...

  • Greek stock market bloodbath as exchange reopens Monday, 3 Aug 2015 | 4:02 AM ET

    ATHENS, Greece— Greece suffered its worst stock market bloodbath in decades on Monday, when it opened after a forced five-week closure, and new data showed a dismal outlook for the bailout-dependent country's shrinking economy. "There's a sense of panic," said Evangelos Sioutis, financial analyst and head of equities at Guardian Trust. Markets in the rest of the...

  • German automakers buying Nokia's HERE map business Monday, 3 Aug 2015 | 1:48 AM ET

    BERLIN— A consortium of German automakers Audi, BMW and Daimler announced Monday it is buying Nokia Corp.' s HERE map business in a deal that values the unit at 2.8 billion euros and secures their access to technology that could eventually be used for driverless cars. Nokia, based in Finland, has refocused its business on producing equipment for wireless networks...

  • WASHINGTON, Aug 2- President Barack Obama will unveil on Monday the final version of his plan to tackle greenhouse gases from coal-fired power plants, kicking off what is expected to be a tumultuous legal battle between federal environmental regulators and coal industry supporters. The White House said its revised Clean Power Plan will increase the required...

  • PARIS— Malaysian official: New debris found in Reunion belongs to' domestic ladder,' not a plane part.

  • A new piece of debris, meanwhile, found on Sunday on the French island of Reunion in the western Indian Ocean turned out to be a "domestic ladder," and doesn't belong to a plane, Malaysian Director General of Civil Aviation Azharuddin Abdul Rahman told The Associated Press amid media reports that a new plane part was found. Malaysian government officials will ask...

  • WASHINGTON— Aiming to jolt the rest of the world to action, President Barack Obama moved ahead Sunday with even tougher greenhouse gas cuts on American power plants, setting up a certain confrontation in the courts with energy producers and Republican-led states. Yet it will be up to Obama's successor to implement his plan, which has faced steep Republican...

  • NEW YORK— President Barack Obama will impose even steeper cuts on greenhouse gas emissions from U.S. power plants than previously expected, senior administration officials said Sunday, in what the president called the most significant step the U.S. has ever taken to fight global warming. A year after proposing unprecedented carbon dioxide limits, the Obama...

  • Obama to unveil tougher climate plan Sunday, 2 Aug 2015 | 12:00 AM ET
    President Barack Obama speaks during a press conference in the East Room of the White House in response to the Iran Nuclear Deal on July 15, 2015 in Washington.

    President Obama will unveil regulations representing the strongest US action ever taken against climate change on Monday. The New York Times reports.

  • FRANKFURT/ SAN FRANCISCO, July 31- BMW and Apple may rekindle a courtship put on hold after an exploratory visit by executives of the world's top maker of electronic gadgets to the headquarters of the word's biggest seller of premium cars. Apple Chief Executive Tim Cook went to BMW's headquarters last year and senior Apple executives toured the carmaker's...

  • Business events scheduled for the coming month Friday, 31 Jul 2015 | 1:40 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for June, 8:30 a.m.; Institute for Supply Management releases its manufacturing index for July, 10 a.m.; Commerce Department releases construction spending for June, 10 a.m.. WASHINGTON— Commerce Department releases factory orders for June, 10 a.m.. WASHINGTON— Commerce Department...

  • *Oil hit by bearish Reuters July survey on OPEC oil. *5 rigs added this week to U.S. oil rig count- Baker Hughes. NEW YORK, July 31- Oil prices fell on Friday, with U.S. crude looking set to post the largest monthly drop since the 2008 financial crisis after signs that top producers in the Middle East were continuing to pump at record levels despite a growing global gut.

  • PARIS, July 31- French President Francois Hollande said on Friday no agreement had been reached yet on the cancellation of a Mistral helicopter carriers deal with Russia and that he would take a decision in the coming weeks. Russian media had reported earlier on Friday that Paris and Moscow had reached a compensation deal for the cancellation of the delivery of...

  • FRANKFURT, July 31- Deutsche Bank is freezing 2015 cash bonuses for current and former management board members while German regulator BaFin reviews the bank's role in an interest rate manipulation scandal, two people familiar with the matter said. Deutsche Bank has been hit with over 9 billion euros in fines and settlements in the past three years, including a...

  • *Oil weighed by bearish Reuters July survey on OPEC oil. NEW YORK, July 31- Oil prices fell on Friday, with U.S. crude set to post the largest monthly drop since the 2008 financial crisis, after signs that top producers in the Middle East were continuing to pump at record levels despite a growing global gut. July's losses came on the back of a stock market tumble in top...

  • LONDON, July 31- Scientists and drug companies will continue to research the potential of alternative Ebola vaccines, despite a shot from Merck and NewLink Genetics proving 100 percent effective in a trial in Guinea. In the event, it proved about as safe as a flu vaccine, said University of Reading virologist Ben Neuman, but it was still not given to children or...

  • LONDON, July 31- Copper prices fell on Friday on persistent worries about demand in top consumer China, but losses were muted after weak U.S. data prompted a slide in the dollar. Three-month copper on the London Metal Exchange was down 0.4 percent at $5,240 tonne at 1435 GMT, after sliding as much as 1 percent in the morning and then bouncing briefly into positive...

  • Roche drug maker probed in Romanian graft case Friday, 31 Jul 2015 | 10:40 AM ET

    Roche Romania told The Associated Press it was "fully cooperating" with anti-graft prosecutors and would provide the requested information. Some 61 homes and offices were searched in Bucharest and in the northwest of the country on Tuesday in a probe centered on a number of medical institutes and the way certain cancer medicines were purchased and...

  • German justice minister casts doubt on treason probe Friday, 31 Jul 2015 | 10:23 AM ET

    BERLIN— Germany's justice minister on Friday questioned a decision by prosecutors to open a treason investigation against two journalists, a move that prompted strong criticism from free speech activists. Justice Minister Heiko Maas said he told the chief federal prosecutor on Friday that he doubts the leaked documents cited in the website's reporting...

  • *OPEC oil production up 140,000 bpd in July- Reuters survey. LONDON, July 31- Oil prices steadied on Friday as a sharp fall in the dollar balanced evidence of growing oversupply, with core OPEC producers pumping near record levels. Brent crude oil was down 25 cents at $53.06 a barrel by 1350 GMT.