While you were sleeping: Wall Street, oil slide

Thu, 09 Oct 2014

By Margreet Dietz Oct. 10 (BusinessDesk) - Wall Street tumbled, as did oil, after a report showing a drop in Germany’s exports added to concern the euro-zone’s engine economy is headed for a recession. German exports sank 5.8 percent in August, the largest decline in more than five years. The report came hot on the heels of data showing the worst month for the country’s industrial orders and output in more than five years. “The economy seems to need a small miracle in September to avoid a recession in the third quarter," Carsten Brzesk...

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