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Headlines from the Associated Press

Headlines from the Associated Press


French retailer Carrefour details investment plan, job cuts


PARIS (AP) -- French retailer Carrefour says it will invest 2.8 billion euros ($3.4 billion) over the next five years in online shopping as part of a plan to boost growth that will also result in 2,400 job cuts....

German authorities tell Audi to recall diesels


FRANKFURT, Germany (AP) -- A spokeswoman for Germany's transport ministry says Volkswagen's Audi brand is being told to recall 127,000 diesel cars that reduce emissions controls when not being tested....

US tax reform writedown pushes Switzerland's UBS to Q4 loss


BERLIN (AP) -- Swiss bank UBS has reported a 2.22 billion-franc ($2.3 billion) loss for the fourth quarter as a result of a large writedown caused by the newly enacted U.S. tax reform....

Burberry shares down sharply on disappointing holiday sales


LONDON (AP) -- Burberry shares are down over 6 percent in early trading after the luxury fashion house reported disappointing retail sales for the holiday season....