LONDON (AP) - A former UBS trader accused of fraud says he wasn't acting as a rogue trader when he lost $2.3 billion.
Kweku Adoboli took the stand for a second day in his trial at London's Southwark Crown Court, telling the jury the losses came after senior traders persuaded him to change
By JOSHUA FREEDAP Business Writer
The biggest refineries in the Northeast shut down or throttled back sharply on Monday as Hurricane Sandy moved in. Oil prices fell as it appeared the massive storm will reduce demand by keeping drivers off the road and shutting businesses.
Owners of the six
By CALVIN WOODWARD and MITCH WEISSAssociated Press
CHARLOTTE, N.C. (AP) - Here was Chas Kaufmann's life before the Great Recession: $28,000 in restaurant tabs in a year, cruises, house parties with fireworks. His Mr. Gutter business was booming in the Pennsylvania Poconos.
Now: "We mainly
By DEREK GATOPOULOSAssociated Press
ATHENS, Greece (AP) - A Greek publisher appeared in court Monday following the publication in his magazine of a list of the names of more than 2,000 Greek residents with Swiss bank accounts, a case that has caused political controversy during the country'
By MARTIN CRUTSINGERAP Economics Writer
WASHINGTON (AP) - Americans increased their spending in September at twice the rate that their income grew, a sign of confidence in the economy. Still, consumers made up the difference by saving less for a third straight month, a troubling trend.
WASHINGTON (AP) - US consumer spent 0.8 percent more in September than August, income increased 0.4 percent.
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By MATTI HUUHTANENAssociated Press
HELSINKI (AP) - Finland's three leading political parties retained their top positions in an election for 10,000 local government seats, with gains by a populist euroskeptic party falling below predictions.
With all the votes counted on Monday,
By Associated Press
NORWELL, Mass. (AP) - THE TRANSACTION: Clean Harbors Inc. is buying Safety-Kleen Inc. for $1.25 billion in cash as it looks to enter smaller markets and expand its waste treatment capabilities. Clean Harbors also said that it will be better able to capitalize on increasing
NEW YORK (AP) - Stock trading will be closed in the U.S. for a second day Tuesday as Hurricane Sandy bears down on the East Coast. Bond trading will also be closed.
The last time the New York Stock Exchange was closed for weather was in 1985 because of Hurricane Gloria, and it will be the first
By The Associated Press
The New York Stock Exchange planned a rare shutdown Monday because of Hurricane Sandy. The last time the NYSE closed down for a weather-related event was on Sept. 27, 1985, for Hurricane Gloria. Here's a look at other unusual NYSE closings throughout history.