Hackers blocked part of the German federal prosecutor’s office, a spokeswoman said on Monday, but she could not give any details about the scope of the attack or the possible perpetrators. The attacks were claimed by a group demanding Berlin end support for the Ukrainian government, shortly before their leaders were to meet.
The price of oil attracted the most attention on Monday morning with WTI and Brent closing in on their lowest price levels for the year.
Seasonal stock-market patterns are always worth watching. But this year’s path hasn’t stuck closely to the historical trends.
Former UBS Group AG and Citigroup Inc. trader Tom Hayes, the first person to stand trial for manipulating Libor, was sentenced to 14 years in prison after being found guilty of conspiracy to rig the benchmark rate. After a week of deliberations, jurors found that the 35-year-old conspired with traders and brokers to game the London interbank offered rate to benefit his own trading positions. Judge Jeremy Cooke sentenced Hayes
Citigroup Inc. is being investigated over its student-loan servicing practices in a probe that the bank said echoes an enforcement action against at least one other institution. Citigroup, which didn’t disclose which regulatory agency is involved, is cooperating with the probe, the New York-based firm said Monday in a filing. The investigation may result in penalties or having the bank offer restitution to customers, Citigroup said.
PALO ALTO, Calif.—Auto makers have been laying the groundwork to seek relief from U.S. regulators on lofty fuel-economy targets. The Silicon Valley electric-car maker is preparing to make a public case this week for leaving mileage and emissions regulations intact, or making them even more stringent, a Tesla executive said. The company also will fight to keep other auto makers from loosening regulations in California, which has more ambitious targets
U.S. construction spending increased in June by the smallest amount in five months as a big drop in nonresidential building activity offset a third straight increase in home building. Construction spending …
U.S. factories were a little less busy last month. The Institute of Purchasing Managers’ manufacturing index slipped to 52.7 last month from 53.5 in June. Economists had expected the index to remain unchanged. …
Greece’s main stock index plunged over 22 percent as it reopened Monday after a five-week closure, giving investors their first opportunity since late June to react to the country’s latest economic crisis. …
Consumer spending in June rose by the smallest amount in four months as shoppers cut back on purchases of cars and other big-ticket items. Consumer spending edged up 0.2 percent in June, the poorest showing …
