German airport security workers stage strike
12/10/2012 12:43am
A German union has called security personnel at airports around the country _ including Frankfurt, the nation's busiest _ out on a several-hour strike in a dispute over pay and conditions.
Russia promises tit-for-tat response to US bill
12/10/2012 5:39am
Russia will quickly retaliate against U.S. officials after the U.S. Congress approved a bill imposing sanctions on Russian officials accused of human rights violations, the lower house's speaker said Monday.
GM's Opel to end car production at German plant
12/10/2012 6:16am
General Motors Co.'s Opel unit said Monday that it plans to end car production at one plant in Germany in 2016, but a slimmed-down factory may continue to make components.
News Summary: McDonald's Nov. sales figure rises
12/10/2012 7:17am
THE NEWS: McDonald's Corp. said that a key sales figure rose 2.4 percent in November, as U.S. customers snapped up the world's biggest hamburger chain's breakfast offerings and limited-time Cheddar Bacon Onion sandwiches.
Stock market is a wild card in fiscal cliff talks
12/10/2012 7:33am
Congress and the White House can significantly soften the initial impact of the "fiscal cliff" even if they fail to reach a compromise by Dec. 31. One thing they cannot control, however, is the financial markets' reaction, which possibly could be a panicky sell-off that triggers economic reversals worldwide.
Romania gov't easily wins parliamentary elections
12/10/2012 9:26am
Romania's government has swept to victory in a parliamentary election but even that convincing win may not defuse the rancorous rivalry between the country's two top politicians.
European Union receives Nobel Peace Prize
12/10/2012 10:09am
The EU received the Nobel Peace Prize on Monday for promoting peace and human rights in Europe following the devastation of World War II, and the bloc was urged to use that unity in its battle with an economic crisis that is causing suffering for many of its citizens.
4 years in, Madoff trustee still pursuing assets
12/10/2012 10:28am
One of the lawyers chasing the assets of jailed Ponzi king Bernard Madoff remembers a day four years ago when he didn't know who Madoff was.
US settles suit alleging bank money laundering
12/10/2012 10:55am
Standard Chartered Bank has agreed to pay $327 million to settle federal and New York charges it laundered money on behalf of four countries that were subject to U.S. economic sanctions from 2001 through 2007.
News Summary: Amgen nabs deCODE Genetics for $415M
12/10/2012 11:32am
AMGEN DEAL: Biotech pioneer Amgen will pay $415 million for Iceland's deCODE Genetics, a leader in using genetic information to find disease risk factors and treatment targets.
Drowsy Driving: Sleepiness behind the wheel can be deadly
12/10/2012 11:47am
Drowsy driving can be extremely dangerous, and recent studies have shown 16.5 percent of fatal crashes involve a drowsy driver.
Ingersoll-Rand to spin off security business
12/10/2012 11:57am
Industrial conglomerate Ingersoll-Rand says it will spin off its security technology business and buy back $2 billion of shares.
News Summary: Ingersoll-Rand spin-off
12/10/2012 12:17pm
SPIN AND RAISE: Industrial conglomerate Ingersoll-Rand says it will spin off its security technology business and buy back $2 billion of shares. The Ireland-based company also said Monday it is raising its quarterly dividend by 31 percent to 21 cents per share.
Maserati confident in Italy output despite turmoil
12/10/2012 12:19pm
The CEO of Italian luxury carmaker Maserati is confident that parent company Fiat's (EURO)1.2 billion ($1.5 billion) investment to boost production in Italy will bring results despite political instability that once again was endangering the country's financial health.
Summary Box: FDA expands approval of J&J drug
12/10/2012 1:30pm
FDA OK: The Food and Drug Administration on Monday approved the drug Zytiga for a new group of prostate cancer patients who have not yet received chemotherapy.
Obama tax plan no small deal to small businessmen
12/10/2012 1:32pm
President Barack Obama's plan to increase taxes on top earners would have only a small impact on the nation's economy, according to congressional budget experts. But don't tell that to small business owners facing a tax hike.
Ford says software update will fix fire problem
12/10/2012 1:54pm
Ford will update software on 2013 Escapes and Fusions to stop their engines from overheating, a problem that has caused a small number of fires.
Report: Mgrs. at Fannie, Freddie earned $200K
12/10/2012 2:17pm
A government report finds median pay for nearly 2,000 senior managers at government-controlled Fannie Mae and Freddie Mac exceeded $200,000 last year.
Amgen buying deCODE Genetics for $415 million
12/10/2012 2:30pm
Biotech pioneer Amgen Inc., in a bid for a big edge in using people's genetic information to find better ways to attack diseases, is buying human genetics research and analytics leader deCODE Genetics for $415 million.
Obama visits engine plant due for $120M upgrade
12/10/2012 3:23pm
The Detroit Diesel Corp. used a visit from President Barack Obama to announce that it will add 115 jobs and invest millions at a huge factory near the city.
News Summary: Ford Escape, Fusion recall
12/10/2012 3:32pm
THE VEHICLES: About 89,000 Ford Escape small SUVs and Fusion midsize cars from the 2013 model year equipped with 1.6-liter turbocharged engines.
US Treasury announces final AIG stock sale
12/10/2012 3:34pm
The U.S. government said Monday that it is selling its remaining shares of American International Group stock, moving to close the books on the government's biggest bailout during the 2008 financial crisis.
News Summary: Fannie Freddie mgrs median pay $200K
12/10/2012 3:43pm
REPORT ON PAY: A government report finds median pay for nearly 2,000 senior managers at government-controlled Fannie Mae and Freddie Mac exceeded $200,000 last year. Taxpayers so far have paid about $170 billion to rescue Fannie and Freddie, which almost collapsed from losses on risky mortgages during the financial crisis.
SEC charges 8 ex-mutual fund directors
12/10/2012 6:17pm
Eight former mutual fund directors are facing civil charges after they allowed others at the firm to set values for mortgage securities and investors lost roughly $1.5 billion on five funds.
A look at money laundering settlements since 2009
12/10/2012 9:27pm
British banking giant HSBC will pay a record $1.9 billion to settle a money-laundering probe by U.S. federal and state authorities, a law enforcement official said Monday.
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