By DANIEL WAGNERAP Business Writer
WASHINGTON (AP) - Dutch bank ING Bank NV will pay $619 million to settle charges that it secretly moved billions of dollars through the U.S. financial system on behalf of Cuban and Iranian customers, in violation of U.S. sanctions
By JOE McDONALD and KELVIN CHANAP Business Writers
BEIJING (AP) - A guaranteed aisle seat, special meals, access to the VIP lounge - and tickets to a musical?
Airlines want to raise new revenues by selling such extras alongside tickets and are locked in a
WASHINGTON (AP) - U.S. banks would have to keep a bigger cushion against unexpected losses under rules proposed by the Federal Deposit Insurance Corp. The requirements are intended to prevent another financial crisis.
An FDIC board voted 5-0 Tuesday to join the
BRUSSELS (AP) - The European Commission has been providing legal advice to others who are considering possible scenarios should Greece leave the euro, a European Union spokesman said.
Olivier Bailly said Tuesday that, legally, limits could be imposed on movement
By ALAN CLENDENNING and HAROLD HECKLEAssociated Press
MADRID (AP) - Spain's benchmark borrowing rate hit its highest level Tuesday since the country adopted the euro currency, after ratings agency Fitch downgraded 18 banks on Tuesday and investors continued to find more
By RICK CALLAHANAssociated Press
INDIANAPOLIS (AP) - Elinor Ostrom, an Indiana University political scientist who is the only woman to have been awarded a Nobel Prize in economics, died Tuesday. She was 78.
Ostrom, who won a share of the 2009 prize for her
By The Associated Press
Michael Kors Holdings Ltd. said Tuesday that its fiscal fourth-quarter net income more than tripled as the company opened new stores and demand grew for its luxury clothing and accessories.
The results beat Wall Street expectations and
By TOM KRISHERAP Auto Writer
DETROIT (AP) - General Motors is making progress in restructuring its money-losing European operations and holding constructive talks with German labor unions, CEO Dan Akerson told shareholders on Tuesday.
GM's European unit has
By JOSH FUNKAP Business Writer
OMAHA, Neb. (AP) - Warren Buffett's Berkshire Hathaway Inc. is offering to buy the mortgage division and loan portfolio of Residential Capital LLC, which filed for bankruptcy protection in May.
Residential Capital, also known