By TOBY STERLINGAP Business Writer
AMSTERDAM (AP) - The European Commission has fined a group of major global banks a total of 1.7 billion euros ($2.3 billion) for colluding to profit from the manipulation of key interest rates.
The banks that received fines, which include JPMorgan, Citigroup and
By PAN PYLASAssociated Press
LONDON (AP) - Further signs emerged Wednesday to show that the paltry economic recovery in the 17-country eurozone is losing steam.
Despite evidence that growth was weak even in the last quarter of the year, few economists think it will prompt the European Central Bank
AMSTERDAM (AP) - One of the largest insurers in the Netherlands, Achmea NV, says it will cut 4,000 jobs, which represents around 20 percent of its workforce.
The company says Wednesday that customers increasingly avoid doing face-to-face business with insurance agents, preferring to shop and apply
LONDON (AP) - Tesco, Britain's largest retailer by revenue, says it struggled at home during the third quarter as consumers continued to feel the pinch.
The company says Wednesday that its same-store sales in its U.K. stores - excluding fuel and sales taxes - fell 1.5 percent. Chief Executive
By MICHAEL VIRTANENAssociated Press
ALBANY, N.Y. (AP) - A New York state parole board agreed Tuesday to release former Tyco chief executive Dennis Kozlowski on parole after more than eight years in prison for his conviction in a $134 million corporate fraud case.
His tentative release date is Jan.
By JIM KUHNHENNAssociated Press
WASHINGTON (AP) - President Barack Obama says the income gap between America's rich and poor is a "defining challenge of our time."
Obama says income inequality has jeopardized the nation's middle class. And he is urging Washington to take steps to ensure
By YURI KAGEYAMAAP Business Writer
TOKYO (AP) - General Motors says it's in Japan for the long haul despite sales of Cadillac and Chevrolet models barely surpassing 1,000 vehicles a year.
There has never been much appetite in Japan for left-hand drive gas guzzling U.S. autos, and there are many
By BARRY HATTONAssociated Press
LISBON, Portugal (AP) - Portugal wants to look like Ireland, but it can't disguise its resemblance to Greece.
Inspectors from Portugal's bailout creditors arrive in Lisbon on Wednesday for a regular check of the country's fiscal health and its compliance
By JIM FITZGERALD and JENNIFER PELTZAssociated Press
YONKERS, N.Y. (AP) - An engineer whose speeding commuter train ran off the rails along a curve, killing four people, experienced a hypnotic-like "daze" and nodded at the controls before he suddenly realized something was wrong and hit the brakes
By PABLO GORONDIAssociated Press
The price of oil rose above $97 a barrel Wednesday on expectations of a sharp fall in U.S. crude stockpiles.
By early afternoon in Europe, benchmark crude for January delivery was up $1.06 to $97.10 a barrel in electronic trading on the New York Mercantile Exchange
By GENE JOHNSONAssociated Press
SEATTLE (AP) - The nation's largest freight rail carriers announced Wednesday they will provide health care benefits to the same-sex spouses of their employees, one day after legally married, gay engineers filed a federal lawsuit in Seattle.
Gus Melonas, a
KHQ.COM - On Wednesday afternoon a Washington State Patrol trooper crashed while driving to stop a wrong-way driver on Hwy. 195 just 3 miles south of Spokane. Fortunately no one was injured.
The northbound lane was partially blocking for a short time, but it was opened shortly after.
IDAHO FALLS, Idaho (AP) - A technical problem at a Rocky Mountain Power substation near Firth caused a power outage for more than 53,000 customers in southeastern Idaho. Company spokesman David Eskelsen says the company was required to disrupt service to about 49,000 Idaho