Goldman Sachs agrees record $550m fine
US bank Goldman Sachs has agreed to pay $550m (£356m) to settle civil fraud charges of misleading investors.
BP faces 7-year offshore drilling ban
A US Congressional committee has agreed measures that would ban BP from new offshore drilling for seven years.
Obama's Recovery Act 'created more jobs than expected'
President Barack Obama's Recovery Act has created between 2.5 and 3.6 million jobs, according to the latest quarterly report released by the White House.
Credit Suisse offices raided by tax officials
German prosecutors have raided 13 branches of the Swiss bank Credit Suisse in connection with an inquiry into tax fraud.
EU backs BA and American Airlines alliance
European regulators have paved the way for British Airways, Iberia and American Airlines to work together.
Vivus weight loss drug faces FDA panel this week
NEW YORK – Vivus Inc.'s experimental drug Qnexa was effective in cutting weight, the Food and Drug Administration said Tuesday, while acknowledging lingering concerns over the drug's nervous system and psychiatric side effects.
Fund sues banks for $1.2 billion loss tied to subprime
WILMINGTON, Delaware (Reuters) – A hedge fund is taking aim at the world's biggest banks in an effort to recoup $1.2 billion it lost on subprime mortgages, entering a legal fight where so far Wall Street has largely been unscathed.
Oil smuggling to Iran embarrassment for Iraq
SULAIMANIYAH, Iraq – The smuggling of tens of thousands of gallons a day of crude oil and refined fuels from northern Iraq to Iran, in violation of new U.S. sanctions, is stoking tensions between Iraq's central government and its Kurdish provincial ...
In Defense of BP's Deep Pockets
The Gulf oil spill is an appalling abuse of the world's natural resources, and BP should be held accountable for every bit of damage, for as long as it can be documented. If there were crimes, BP should be prosecuted and legal loopholes closed. But while ...
Ten signs you work in a fear-based workplace
A friend of mine called me from a noisy airport. "I can't wait to get to my hotel and tell you the latest drama from my office," he said. "I would have called you earlier, but my boss was in the cab with me."
Moody's downgrades Portugal debt rating
Moody's Investors Service cut Portugal's government bond ratings to A1 from Aa2. The move deepens the country's financial woes because foreign lenders will likely demand higher interest returns for the risk of loaning it money.
4.5 million new hires qualify for tax break
WASHINGTON — Businesses have added 4.5 million workers under a new program that provides tax breaks for hiring unemployed workers, the Treasury Department said Monday.
FDIC's powers to investigate banks expand
The FDIC's board on Monday approved the agreement between the insurance agency and regulators at the Federal Reserve and the Treasury Department. It clearly spells out the FDIC's authority to make special examinations of banks. It was approved 5-0.
Hefner offers to take Playboy private
CHICAGO — Hugh Hefner wants to buy out the portion of the Playboy empire he doesn't already own in a bet that the iconic brand can still bring in profits even if the ink-on-paper magazine is past its prime.
U.S. chamber steps up its criticism of Obama
WASHINGTON — Some business groups, upset about budget and regulatory policies they say are costing jobs, are accusing President Barack Obama of pursuing an agenda that is hurting the U.S. economic recovery.
U.S. firms fueling Afghan insurgency by not paying bills, says official
KABUL, Afghanistan — A number of Afghan construction companies working on contracts for American and NATO military bases in Afghanistan have accused American middlemen of reneging on payments for supplies and services, and in one case of leaving the ...
Google says China licence renewed by government
The Chinese government has renewed Google's licence to operate in China, the internet giant has said, ending a long-running stand-off between the two.
Smartphone firms face patent row
A firm that won more than $600m (£398m) from the maker of the Blackberry after accusing it of breaching patents has now sued six other smartphone firms including Apple, Google and Nokia.
US to access Europeans' bank data in new deal
Euro MPs have approved a new deal to allow US anti-terror investigators to access Europeans' bank data.
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Ten signs you work in a fear-based workplace
Obama's Recovery Act 'created more jobs than expected'
