By MARCY GORDONAP Business Writer
WASHINGTON (AP) - Federal regulators are suing hedge fund manager Philip Falcone and his firm, accusing him of civil fraud for using fund money to pay his taxes and favoring some fund customers at the expense of others.
By MENELAOS HADJICOSTISAssociated Press
NICOSIA, Cyprus (AP) - Officials from the European Commission, the European Central Bank and the International Monetary Fund will begin assessing next week how much bailout money Cyprus will need to prop up its banks and flagging economy,
By DAVE CARPENTERAP Personal Finance Writer
CHICAGO (AP) - Ready or not, big changes lie ahead for virtually every U.S. taxpayer next year.
Tax cuts put into place under the Bush administration that slashed rates on wages, dividends and capital gains are set to
By FRANCES D'EMILIO and TOBY STERLINGAssociated Press
BRUSSELS (AP) - The European Union faces potential disaster if its leaders don't cooperate and find a way to keep interest rates on Italy's national debt down, Italian Premier Mario Monti warned Wednesday
DETROIT (AP) - New car prices have dropped $500 on average in the past year, mainly because Japanese automakers have restocked dealers after shortages in 2011, according to the Kelley Blue Book auto pricing service.
Prices have dropped the most for the Toyota
By JONATHAN FAHEYAP Energy Writer
NEW YORK (AP) - ExxonMobil CEO Rex Tillerson says fears about climate change, drilling, and energy dependence are overblown.
In a speech Wednesday, Tillerson acknowledged that burning of fossil fuels is warming the planet, but
By MARCY GORDON and MICHELLE CHAPMANAP Business Writers
Barclays PLC and its subsidiaries will pay about $453 million to settle charges that they tried to manipulate interest rates that can affect how much people pay for loans to attend college or buy a house.
By SANDY SHOREAP Business Writer
Upbeat U.S. economic news boosted the price of oil Wednesday, while scorching temperatures lifted natural gas to its highest level in more than five months.
Benchmark crude rose 85 cents to $80.21 per barrel in New York. Brent
By CHRISTOPHER S. RUGABERAP Economics Writer
WASHINGTON (AP) - Americans signed more contracts to buy previously occupied homes in May, matching the fastest pace in two years. The increase suggests consumers are gaining confidence in the housing market and a modest recovery will
By DON MELVINAssociated Press
BRUSSELS (AP) - Often these days, the first order of business at European Union summits isn't the continent's dreadful financial crisis.
It's getting to know the people around the table.
The group of