JPMorgan Chase is close to a $2 billion settlement with federal authorities to avoid prosecution for its failure to properly alert regulators of its suspicions about Ponzi scheme mastermind Bernard Madoff, according to reports.
Jonathan Browning, CEO of Volkswagen Group of America, will be stepping down in January as the German automaker deals with a sales slump in the U.S.. Volkswagen said Browning will be replaced by Michael Horn, 51, who is head of Volkswagen Group ...
... Stocks. * VIX closes at highest level since mid-October. * Lululemon tumbles after fourth-quarter sales warning. * Hilton, Aramark climb after market debuts.
SHANGHAI - Last September, a young Chinese laborer named Shi Zhaokun began working long hours at a huge manufacturing plant that produces Apple's new iPhone 5C.
Asian stocks fell, with the regional benchmark index extending its second weekly loss, as improving U.S. economic data boosted bets the Federal Reserve will reduce stimulus as early as next week.