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Business News
BMW Q2 earnings slip on costs for new models
FRANKFURT, Germany (AP) -- German luxury automaker BMW AG saw net profit slip 1 percent in the second quarter amid higher launch costs for new vehicles as key models approach the end of their life cycle, the company said Tuesday....
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Royal Bank of Scotland sale raises $3.3 billion
LONDON (AP) -- The U.K. government says it has sold 5.4 percent of taxpayer-owned Royal Bank of Scotland for 2.1 billion pounds ($3.3 billion) as it begins to shed a stake acquired at the height of the financial crisis in 2008....
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Oil prices slide as worries about global supply glut mount
The slump in oil prices deepened Monday, pulling down the price of U.S. crude to the lowest level in more than four months....
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Pimco says SEC may take action against its total return fund
NEW YORK (AP) -- Investment giant Pimco said Monday the Securities and Exchange Commission may take legal action against its total-return fund....
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Rates rise at weekly US Treasury auction
WASHINGTON (AP) -- Interest rates on short-term Treasury bills rose in Monday's auction with rates on six-month bills climbing to the highest level in more than four years....
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