Cameras clicked like pattering raindrops against the hood of a car as Volkswagen U.S. CEO Michael Horn raised his right hand Thursday and became the first executive from the German automaker to testify under oath about the company's emissions scandal.
Billionaire bond investor Bill Gross has sued his former employer, Pimco, for more than $200 million for breach of contract and plotting to oust him from the firm he founded more than four decades ago.
Amazon.com Inc. added homemade jewelry, home decor and other tchotchkes made by artisans to its Web store, encroaching into a market where Etsy Inc. and EBay Inc. have taken the lead against the online retailer.
WASHINGTON The number of Americans filing new applications for jobless benefits fell more than expected to near a 42-year low last week, pointing to ongoing tightening in the labor market despite the recent slowdown in hiring.
Netflix Inc said on Thursday it has increased the subscription rate for some new members by $1.00 a month to $9.99 in the United States, Canada and Latin America.