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Prolonged oil slump sparks second wave of cuts to 2016 budgets

Less than two months into the year, the top U.S. shale oil companies have already cut their budget for 2016 a second time as the relentless drop in oil prices continues to erode their cash flow. With oil prices firmly

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Prolonged oil slump sparks second wave of cuts to 2016 budgets

whether-vehicle

Volkswagen to offer generous compensation for U.S. customers: paper

Volkswagen will offer generous compensation packages for the roughly 600,000 U.S. owners of diesel vehicles that emit an illegal amount of emissions, the head of its claims fund told a German paper. The German car maker has still not decided whether vehicle owners will be offered cash, car buy-backs, repairs or replacement cars, Kenneth Feinberg told Frankfurter Allgemeine Sonntagszeitung. Volkswagen in December asked Feinberg — who earlier headed the compensation funds for the…

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Volkswagen to offer generous compensation for U.S. customers: paper