12/19/2012 5:01amSwiss bank UBS AG agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of a key global interest rate.
12/19/2012 6:17amGerman prosecutors have charged two former Porsche executives with market manipulation in connection with the sports car company's failed takeover of Volkswagen AG, officials said Wednesday.
12/19/2012 6:34amFitch warned that the U.S. is more likely to lose its top-notch "AAA" rating if lawmakers cannot agree on how to cut the deficit and avoid the broad government spending cuts and tax increases that go into effect next year if no deal is reached.
12/19/2012 6:35amThe European Central Bank says it will once again accept Greek government bonds as collateral for loans to banks.
12/19/2012 7:48amFrance's government proposed a bill Wednesday that would split banks' risky trading activities from their more traditional lending operations as part of a Europe-wide effort to shore up a fragile industry that contributed to the continent's financial crisis.
12/19/2012 8:26am"Just be careful Dude," a manager at Swiss bank UBS cautioned a trader.
12/19/2012 8:38amAn Italian judge has found four international banks guilty of fraud in a case involving the sale of derivatives to the city of Milan and ordered the confiscation of (EURO)88 million ($117 million).
12/19/2012 9:15amThe European Union's health chief on Wednesday called for bigger warnings on cigarette packs and bans on certain flavorings like menthol, strawberry and vanilla, which can draw youngsters to smoking.
12/19/2012 9:21amThe Czech Republic's lower house of parliament has approved unpopular austerity measures that had threatened to cause the downfall of the center-right coalition government.
12/19/2012 9:23amTEN IS THE NEW ZERO: Dr Pepper Snapple Group Inc. is rolling out 10-calorie versions of Sunkist, 7-Up, Canada Dry, RC Cola and A&W Root Beer. The drinks build on last year's launch of Dr Pepper Ten, which was marketed as a better-tasting diet alternative for men.
12/19/2012 10:10amMAKING IT IN HAITI: Three years after a devastating earthquake, there's still not much economic traction in this impoverished Caribbean country, but arts and crafts have taken off.
12/19/2012 10:42amThe U.S. government's foray into the car business is slowly coming to an end.
12/19/2012 10:55amSwiss bank UBS agreed Wednesday to pay $1.5 billion in fines for trying to manipulate a key interest rate that affects borrowers around the world.
12/19/2012 10:57amAlly Financial has repaid $4.5 billion of debt owed to the government after it helped bail the company out during the 2008 banking industry meltdown.
12/19/2012 11:12amGeneral Motors is moving production of the next version of its Camaro sports car from its Canadian operation in Oshawa, Ontario to a plant in Michigan.
12/19/2012 11:12amTHE TRANSACTION: Insurer Markel Corp. is purchasing Alterra Capital Holdings Ltd. for nearly $3 billion in cash and stock in order to diversify its business.
12/19/2012 11:17amShopperTrak, which analyzes customer traffic at U.S. stores, is cutting its holiday sales forecast as shopping has limped along since the Thanksgiving weekend buying frenzy.
12/19/2012 11:18amTHE PUNISHMENT: Swiss bank UBS will pay $1.5 billion in a settlement with U.S., British and Swiss regulators for trying to rig a key interest rate. Two traders have also been charged with conspiracy, and the bank's Japan unit will plead guilty to felony wire fraud in the U.S.
12/19/2012 11:39amRADIO HEAD: Satellite radio company Sirius XM Radio Inc. has promoted James Meyer to interim CEO as it looks for a replacement for Mel Karmazin. Meyer, president of sales and operations, is also joining the board.
12/19/2012 11:58amWhen it comes to the calories in diet soda, Dr Pepper thinks 10 is the new zero.
12/19/2012 12:16pmBusinesses and citizens alike are discouraged, because of the dysfunction in Washington. Policymakers have faced challenges before and the process isn't always smooth, but the impact of inaction or improper action seems to be greater as of late.
12/19/2012 12:17pmThe Food and Drug Administration is attaching a black box warning to the Vertex Pharmaceuticals hepatitis C treatment Incivek over a potentially fatal rash.
12/19/2012 12:31pmA port official in Ghana says an Argentine naval ship held since October because of a financial dispute is now setting sail.
12/19/2012 1:03pmShares of homebuilders were mixed on Wednesday, which an analyst said could be related to a bit of profit-taking by investors following continued signs of improvement in the sector.
12/19/2012 1:06pmThe national average for a gallon of regular gasoline fell 1 cent overnight to $3.23, a low for the year. The price is less than a penny more than at this time last year.
12/19/2012 1:49pmFrench President Francois Hollande announced a new era with Algeria on Wednesday _ a strategic partnership among equals _ during a state visit to this North African nation that was once a prized colony in the French empire.
12/19/2012 3:08pmThe U.S. subsidiaries of French pharmaceutical giant Sanofi will pay $109 million to settle allegations they gave kickbacks to induce doctors to buy and prescribe Hyalgan, a knee injection.
12/19/2012 3:12pmSandRidge Energy Inc. is selling its Permian Basin properties in Texas to privately held Houston oil and gas company Sheridan Production Partners for $2.6 billion in cash.
12/19/2012 3:39pmNearly five months after a major software malfunction at Knight Capital roiled financial markets, the trading firm has agreed to sell itself to a competitor, Getco, in a cash-and-stock deal that the companies value at $1.4 billion.
12/19/2012 3:53pmThe head of the Food and Drug Administration renewed her push Wednesday for new laws to help police pharmacies like the one that triggered a deadly meningitis outbreak, even as members of Congress expressed little interest in cooperating with the agency.
12/19/2012 5:12pmTop leaders at American Airlines, US Airways, and their pilot unions are meeting to discuss a merger, one of the unions said Wednesday.
12/19/2012 5:17pmA federal watchdog has found that government-controlled Fannie Mae and Freddie Mac may have lost more than $3 billion from big banks' alleged rigging of a key interest rate.
12/19/2012 5:27pmSTEPPING STONE: Eastman Kodak is selling its digital imaging patents for about $525 million, money the struggling photo pioneer says will help it emerge from bankruptcy protection in the first half of 2013.
12/19/2012 8:46pmA Chinese advertising company says it has agreed to be taken private and removed from U.S. stock markets in the biggest transaction of its kind for China.
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