ThyssenKrupp Cancels Dividend After $4.7B Writedown

ThyssenKrupp AG, Germany’s biggest steelmaker, won’t pay an annual dividend after posting a second straight yearly loss, including a 3.6 billion-euro ($4.7 billion) writedown on its Steel Americas unit.

Oil Down for 3rd Week, OPEC Meets in Kuwait
17:15 - Oil headed for a third weekly drop this month, weighed down by record U.S. crude supplies while investors await a meeting between OPEC and its allies that may signal whether output curbs will be extended. Bloomberg's Yousef Gamal El-Din reports on "Bloomberg Markets." (Source: Bloomberg)
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