Business

Report: US banks subject of money-laundering probe

By The Associated Press NEW YORK (AP) - Regulators are investigating whether several major U.S. banks failed to monitor transactions properly, allowing criminals to launder money, according to a New York Times story. The newspaper cited officials who it said spoke on the condition of anonymity

Ford recalls some 2012 Ford Edge SUVs

By The Associated Press Ford Motor Co. is recalling some of its 2012 Edge vehicles because of concerns that the fuel line could leak and potentially cause a fire. The recall affects about 5,500 vehicles made between Sept. 2, 2010, and Oct. 31, 2011.The Edge is a midsized SUV, and the affected

Feds investigate Ford police car steering problem

By TOM KRISHERAP Auto Writer DETROIT (AP) - Government safety regulators are investigating Ford's Crown Victoria police cars due to complaints about defective steering columns. The probe affects about 195,000 cars from the 2005 through 2008 model years. The government has received three

Lacker says Fed program raises inflation threat

By MARTIN CRUTSINGERAP Economics Writer WASHINGTON (AP) - The lone dissenter to the Federal Reserve's decision to launch a third round of bond buying to boost the economy says he doesn't think it will provide much help. He also says it runs the risk of making future inflation worse.