23-04-2016 01:22 via news.yahoo.com

Emissions scandals hit Europe markets; tech woes knock Wall Street

Volkswagen's huge reserves for the diesel emissions scandal and a probe on emissions at Daimler hit European shares Friday while Wall Street suffered from new doubts about the tech sector. The Frankfurt market was hit when Volkswagen shares slid 1.3 percent as it announced its first quarterly loss in more than 20 years, setting aside 16.2 billion euros ($18.2 billion) to cover potential fines, lawsuits and recall costs in the diesel emissions cheating scandal. Adding to the damage, Daimler, the
Read more »