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A British prosecutor says a former Citibank and UBS trader motivated by greed served as the ringmaster in the alleged manipulation of a key interest rate, the London Interbank Lending Rate, or Libor.
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US new-home sales jump in April

Josh Boak, Associated Press  |  posted 13 minutes ago
More Americans bought new homes in April — fresh evidence that the improved job market is powering the real estate sector.
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Ford expands presence in Morocco

Paul Schemm, Associated Press  |  posted 13 minutes ago
Ford Motor Company is expanding its presence in North Africa with a new Moroccan sales office and plans to double the amount of car parts purchased in the country, it announced Tuesday.
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US new-home sales rose 6.8 percent in April; increased demand pushing median prices near $300k

The Associated Press  |  posted 13 minutes ago
US new-home sales rose 6.8 percent in April; increased demand pushing median prices near $300k.
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US home prices rose at steady pace in March from year ago

Christopher S. Rugaber, Associated Press  |  posted 23 minutes ago
U.S. home prices rose at a steady pace in March, pushed higher by a limited supply of houses for sale.
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US closes probe after Can-Am Spyder maker agrees to recall

The Associated Press  |  posted 33 minutes ago
U.S. safety regulators have closed an investigation of fires in Can-Am Spyder three-wheeled motorcycles after the manufacturer agreed to a recall.
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Media CEOs dominate ranks of top-paid executives

Steve Rothwell and Ryan Nakashima, Associated Press  |  posted 41 minutes ago
They're not Hollywood stars, they're not TV personalities and they don't play in a rock band, but their pay packages are in the same league.
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Ryanair beats forecasts again as annual profits rise 66 pct

Shawn Pogatchnik, Associated Press  |  posted 42 minutes ago
Europe's leading budget airline Ryanair has beaten forecasts again, reporting full-year net profits of 867 million euros ($949 million), 66 percent higher than the year before.
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US stock index open lower as traders return from holiday

The Associated Press  |  posted 43 minutes ago
Stocks are opening slightly lower on Wall Street as traders return from the Memorial Day holiday in the U.S.
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Webster University students in London in financial limbo

The Associated Press  |  posted 43 minutes ago
Several Webster University students studying abroad in London unexpectedly lost their federal financial aid this past school year due to the school's violation of the Department of Education regulations.
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Lee's Sandwiches recalls 213,000 pounds of meat

The Associated Press  |  posted 43 minutes ago
Fast-food restaurant Lee's Sandwiches has recalled 213,000 pounds of meat because it bore unauthorized United States Department of Agriculture marks of inspection, despite having not been inspected properly.
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Business investment climbs as factories thaw from winter

Martin Crutsinger, Associated Press  |  posted 43 minutes ago
Orders to U.S. factories for long-lasting manufactured goods fell slightly in April. But a category that reflects business investment climbed for a second month, a hopeful sign that this key sector is starting to revive.
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Taco Bell, Pizza Hut: Artificial ingredients getting booted

Candice Choi, Associated Press  |  posted May 26th - 7:01am
Taco Bell and Pizza Hut say they're getting rid of artificial colors and flavors, making them the latest big food companies scrambling to distance themselves from ingredients people might find unappetizing.
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Olive Garden: At least 1 more breadstick creation on the way

Candice Choi, Associated Press  |  posted May 26th - 7:00am
Olive Garden isn't finished dreaming up new ways to use its breadsticks.
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Cancer diagnosis leads to plans for brewery, theater

The Associated Press  |  posted May 26th - 6:50am
A cancer diagnosis has prompted a couple to move ahead on plans to open a brewery and improvisational theater in Ann Arbor, drawing the name for the planned establishment from a tough day when everything felt pointless.
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Orders to US factories for durable goods slip 0.5 percent, but investment category shows gain

The Associated Press  |  posted May 26th - 6:40am
Orders to US factories for durable goods slip 0.5 percent, but investment category shows gain.
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