Jennifer L Noeller

German auto parts maker Continental AG (CON.XE) is being affected by the euro zone's debt crisis as southern Europeans buy fewer cars, the company's chief financial officer said in an interview published Sunday.

Mehmet Dalman, the chairman of mining giant Eurasian Natural Resources PLC (ENRC.LN), has hired an adviser to help carry out work to split the company in two, U.K. newspaper The Sunday Telegraph reports, without citing sources.

Israeli holding company Delek Group Ltd. (DLEKG.TV) said Sunday that it has sold 5.15% of its stake in Delek U.S. Holdings Inc. (DK) for $71.5 million.

China's trade surplus will continue to narrow in August, as export growth is likely to stay weak, the official Xinhua New Agency reported Sunday, citing a report by Bank of Communications Co. (BCMXY, 3328.HK, 601328.SH), the country's fifth largest bank by assets.

After falling short in its bid for a medal four years ago, Italy grabbed third place in the men's volleyball tournament at the London Games with a 3-1 victory over Bulgaria.

In what will be a rematch of the 2008 Olympic gold medal game, the United States and Spain will meet in the men's basketball gold medal final on Sunday.

Team USA's Ryan Hall dropped out of the 2012 Olympic Marathon around mile 11 Sunday morning, an obviously disappointing result for the owner of the fastest time ever run by an American.

Tiger Woods watched the flight of his tee shot until he could see it drifting too far right, and he hung his head slightly as the ball tumbled off the green.

Hoping to build on state-level reforms aimed at closing the education achievement gap, the Education Department opened its Race to the Top competition to school districts on Sunday, inviting the poorest districts across the country to vie for almost $400 million in grants.