Credit Suisse CEO Asks Board to Cut His Bonus After Weak Results

The CEO of Credit Suisse has asked his board to slash his bonus, after the Swiss bank posted quarterly results that sent its share price tumbling lower.

Airbus Switches Engine Type for First A321neo Flight

Airbus Group has dropped plans to use engines made by Pratt & Whitney for the maiden flight of the A321neo aircraft in favor of ones manufactured by CFM International.

Moody's Cuts Rating on Australia's Iron-Ore State

Moody's Investors Service cut its rating on Western Australia, one of the world's major iron-ore hubs, as a sharp downturn in prices for the steelmaking commodity puts increasing strain on the state's finances.

Asciano Bidding Heats Up

A bidding war worth more than $6 billion is intensifying between a Canadian investment firm and an Australian logistics company for port-and-rail operator Asciano.

Ford to More Than Double Mexico Production Capacity in 2018

Ford Motor Co. will build a new assembly plant in Mexico and sharply increase Mexican factory output, representing the latest shift of investment abroad by a Detroit auto maker after the signing of a costly labor deal.

Cliffs Natural Resources to Settle Securities Lawsuit

Cliffs Natural Resources on Sunday said it agreed to settle a pending federal securities lawsuit related to the company's former Bloom Lake iron-ore mine in Canada for $84 million.

Thailand's TCC in $3.46 Billion Deal for Groupe Casino's Big C Stake

Groupe Casino has agreed to sell its stake in Thai hypermarket operator Big C Supercenter for $3.46 billion to a Thai billionaire, marking a major step in the French grocer's plans to cut its debt.

Broncos Defense Throttles the Panthers in Super Bowl 50

The Denver Broncos beat the Carolina Panthers 24-10 to win Super Bowl 50.

(END) Dow Jones Newswires

February 08, 2016 03:33 ET (08:33 GMT)

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