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Archive: (17 Stories)

Japan bank mulls cleanup, penalties for gang loans

10/25/2013 8:54am
Mizuho Bank, Japan's second largest megabank, is bracing for a shakeup as regulators look into allegations it lent more than 200 million yen ($2 million) to people with links to organized crime.

Endurance International shares dip in public debut

10/25/2013 9:30am
Shares of Endurance International are falling in their trading debut.

CommScope wavers after its IPO raises $576.9M

10/25/2013 9:35am
Shares of CommScope are wavering after the company's initial public offering raised a total of $576.9 million.

Government investigating Jeep Liberty fire reports

10/25/2013 9:56am
The federal government is investigating Jeep Liberty SUVs after two reports of fires in the driver's side doors.

News Summary: UPS increases 3rd-quarter profit

10/25/2013 10:06am
UPS DELIVERS: United Parcel Service Co. beat analysts' expectations by a penny per share, as it reported third-quarter net income of $1.1 billion, or $1.16 per share. A year ago, the company earned 48 cents per share, although it would have been $1.06 per share excluding a one-time expense for pension-restructuring.

UPS sees busier, intense holiday shopping season

10/25/2013 10:07am
UPS expects this holiday season to be busier than last, thanks to the growing popularity of online shopping. And more intense, thanks to the calendar.

News Summary: Greenland opens way for mining boom

10/25/2013 10:53am
DIGGING IT: Greenland's parliament has agreed to remove a 25-year-old ban on uranium mining, paving the way for an industrial boom that the Arctic island hopes will help it gain independence from former colonial master Denmark.

News Summary: Japan bank mulls cleanup

10/25/2013 11:10am
TAINTED LOANS: Japanese regulators are looking into allegations the country's second largest megabank, Mizuho Bank, lent more than 200 million yen ($2 million) to people with links to organized crime

Government investigating Kia Sorento sunroofs

10/25/2013 12:15pm
The federal government is investigating Kia Sorento minivans after getting 15 complaints that the sunroofs shattered unexpectedly.

JPMorgan paying $5.1B in Fannie, Freddie deal

10/25/2013 3:26pm
JPMorgan Chase has agreed to pay $5.1 billion to resolve claims that it misled Fannie Mae and Freddie Mac about risky home loans and mortgage securities that it sold them before the housing market collapsed.

FDA approves more powerful, pure hydrocodone drug

10/25/2013 3:33pm
The Food and Drug Administration has approved a stronger, single-ingredient version hydrocodone, the widely-abused prescription painkiller.

Oklahoma judge: Settlement reached in Toyota case

10/25/2013 3:34pm
Toyota Motor Corp. on Friday reached a settlement with the victims of a deadly 2007 car crash, a day after an Oklahoma Country jury became the first in the country to find the company liable in a case of sudden unintended acceleration.

McDonalds ending relationship with Heinz

10/25/2013 3:38pm
McDonald's has lost its taste for Heinz ketchup.

Kirshbaum to leave Amazon publishing unit

10/25/2013 4:00pm
Larry Kirshbaum, a high-profile publishing executive who helped Amazon grow its book publishing business in New York, is leaving the company on Jan. 17.

Fed announces enhanced news security procedures

10/25/2013 4:02pm
The Federal Reserve says it is tightening the security procedures in place when it releases information to reporters.

Kraft recalls string cheese that may spoil early

10/25/2013 4:51pm
Kraft Foods Group Inc. is voluntarily recalling some of its Kraft and Polly-O string cheese because they may spoil and change color before the expiration date on the packages.

JPMorgan's $5B settlement doesn't end its troubles

10/25/2013 10:03pm
The $5.1 billion that JPMorgan Chase has agreed to pay hardly ends its legal troubles over mortgage securities it sold.