Japanese car sales fall in 2012 amid island spat
01/07/2013 1:40am
Japan's three biggest automakers _ Toyota, Nissan and Honda _ say their vehicle sales in China fell last year amid a territorial dispute that prompted Chinese consumers to boycott Japanese products.
Report: China fund in talks to buy Daimler stake
01/07/2013 2:50am
China's sovereign wealth fund is in talks about possibly buying a stake in German luxury automaker Daimler AG, the country's main Communist Party newspaper reported.
Grounded Shell oil-drilling ship refloated
01/07/2013 4:25am
A Shell oil-drilling ship that ran aground near a remote Alaska island has been refloated, officials said early Monday.
Class of 2012: Diploma dilemma for Europe grads
01/07/2013 5:45am
Estelle Borrell knew she wanted to work in law since she was a teenager, when she interned at a court in Versailles, France. "The lawyers in their black robes, they were like gods to me," said the 24-year-old Parisian.
Global regulators agree on bank asset rules
01/07/2013 6:22am
International banking regulators agreed Sunday on global rules meant to ensure banks keep enough cash in hand to survive future market crises, and gave banks until 2019 to comply fully.
Smoke in cockpit forces flight's return to Chicago
01/07/2013 7:11am
A Mesa Airlines flight from Chicago to Jacksonville, Fla., was forced to return to O'Hare International Airport shortly after takeoff because of reports of smoke in the cockpit.
Pope worries about gap between the rich and poor
01/07/2013 7:25am
Pope Benedict XVI urged world leaders on Monday to try to reduce the growing gap between the rich and the poor in regions such as Europe as they reform their economies.
Citigroup names Forese, Medina-Mora co-presidents
01/07/2013 9:04am
Citigroup's new CEO is continuing to put his imprint on the bank, naming co-presidents on Monday.
Gas leak leaves 8 dead in Turkish coal mine
01/07/2013 9:36am
A gas leak inside a coal mine in northern Turkey killed eight workers Monday, Turkish officials said.
Government to require electric cars to make noise
01/07/2013 1:17pm
A government safety agency wants electric and hybrid vehicles to make more noise when traveling at low speeds so pedestrians can hear them coming.
News Summary: Feds want noisier electric cars
01/07/2013 1:41pm
THE BUZZ: Electric and hybrid cars and trucks don't make enough noise at low speeds, so pedestrians can't hear them coming.
Bank of America in mortgage claims settlement
01/07/2013 1:48pm
Bank of America reached an $11.6 billion settlement with government mortgage agency Fannie Mae to settle claims resulting from mortgage-backed investments that soured during the housing crash, bringing it a step closer to clearing up its legacy of bad home loans.
News Summary: 10 banks paying $8.5B for abuses
01/07/2013 2:48pm
PAYBACK: Ten major banks agreed to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.
10 banks agree to pay $8.5B for foreclosure abuse
01/07/2013 3:08pm
Ten major banks agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.
News Summary: Bank of America in mortgage deal
01/07/2013 3:43pm
SETTLEMENT DAY: Bank of America reached an $11.6 billion settlement with government mortgage agency Fannie Mae to settle claims resulting from mortgage-backed investments that soured during the housing crash, bringing it a step closer to clearing up its legacy of bad home loans. The bank was also part of a separate settlement between regulators and mortgage companies over wrongful foreclosure practices.
McDonald's expands test flight for chicken wings
01/07/2013 4:10pm
First there were McNuggets. Then there were Chicken McBites. Now McDonald's could be adding "Mighty Wings" to its chicken menu.
Chesapeake CEO to take no bonus in 2012
01/07/2013 6:03pm
Chesapeake Energy Corp. disclosed Monday that CEO Aubrey McClendon will not take a bonus for last year and that the company is limiting his use of corporate aircraft.
Retailer seeks bankruptcy protection, cites storm
01/07/2013 6:35pm
The owner of the Mandee, Annie Sez and Afaze clothing stores cited effects from Superstorm Sandy as it sought Chapter 11 bankruptcy protection Monday.
Hostess in talks to sell Wonder Bread and other products
01/07/2013 7:06pm
The makers of Thomas' English muffins and Tastykake snacks are emerging as the two of the bidders for Wonder Bread and other Hostess bread brands as the company tries to sell off its assets under bankruptcy-court oversight, a newspaper reported Saturday.
Sears Holdings announces CEO is stepping down
01/07/2013 7:55pm
Sears Holdings Corp. says CEO Louis J. D'Ambrosio is stepping next month due to health issues involving his family.
Sears Holdings announces CEO is stepping down
01/07/2013 8:37pm
Sears Holdings Corp. announced late Monday that CEO Louis J. D'Ambrosio is stepping next month due to health issues involving his family.
Sale of EnergySolutions has environmentalists concerned
01/07/2013 8:54pm
EnergySolutions announced Monday it will be acquired by private equity firm Energy Capital Partners in a deal worth $1.1 billion. The deal has some environmental groups worried about future expansion.
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