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Saudi Arabia announced a record budget deficit and cuts to fuel and utility subsidies on Monday as the oil powerhouse suffers from a drastic fall in global crude prices. Government revenues came in at $162 billion, 15% lower than forecasts, while expenses were almost $260...

“Isn’t this more exciting?” he asked. “I tell you one thing”. Bernie Sanders got his start.

The Justice Department lawsuit, filed on behalf of the Environmental Protection Agency, accuses Volkswagen of violating the U.S. Clean Air Act, including tampering with the emissions control system and failing to report violations.

These job cuts and associated employee relocations are prompted by the closure of 40 stores that will be completed by early spring. It said slumping holiday season sales hurt its bottom line.

The Dow fell more than 300 points shortly after trading began Thursday, following a sharp selloff in China’s stock market. If the Dow dips below 16,516, it’ll be in correction for the first time since last summer.

Unsurprisingly, three-month delivery contracts of copper (down 1.4%), nickel (down 1.0%), lead (down 2.2%), zinc (down 2.5%) and tin (down 0.2%) extended the previous session’s losses in late afternoon trading, while primary aluminium futures came in broadly flat.

That happened twice in the four days it was in place. He said global markets were facing a crisis and investors needed to be very cautious, Bloomberg reported.

Revenues were estimated at $162bn – well below projections and 2014 income, while spending came in at $260bn, finance ministry officials announced at a press conference in the capital, Riyadh. However, the government has also put aside $49 billion (183 billion riyals) in...

The company said that of about 3,000 store associates impacted, “roughly 50 percent of affected store associates are expected to be placed in other positions”.

The protest letter specifically refers to raids over the past weekend that led to the arrests of 121 illegal immigrants from Central America, many of them mothers and children who had settled in North Carolina, Texas, and Georgia. “I have said publicly for months that...

Barring another home game for the Vikings in this year’s playoffs, Sunday will be the final game the team plays outdoors at TCF Bank Stadium.

Chinese stocks nosedived on Thursday, triggering the second daylong trading halt of…

Macy’s Inc. (NYSE: M) had a tough run over the holiday season and the company suffered, but no one thought that it might be this bad.

The strong showing during the crucial holiday shopping season comes in contrast to rival Macy’s Inc., which on Wednesday said it would slash thousands of jobs and shutter about 40 stores after existing-store sales dropped 4.7% in November and December.

On Thursday, it was triggered within half an hour of trading, giving China’s stock markets their shortest trading day in 25 years.