By BROCK VERGAKISAssociated Press
NORFOLK, Va. (AP) - The former chief executive of the Bank of the Commonwealth and three former vice presidents have been indicted by a federal grand jury on charges that they conspired to commit bank fraud.
The Bank of the Commonwealth opened in 1971 and was
WASHINGTON (AP) - More than 485,000 Chico Polly high chairs are being recalled after a design flaw led to children getting cuts and bruises.
Importer Artsana USA Inc. knows of 21 children getting injured from falling against pegs on the back legs of the chairs, which are meant to store the tray.
By MARCY GORDONAP Business Writer
WASHINGTON (AP) - Average U.S. rates on fixed mortgages fell again to record lows, giving would-be buyers more incentive to brave the housing market.
Mortgage buyer Freddie Mac says the average rate on the 30-year loan fell to 3.56 percent. That's down from 3
By PALLAVI GOGOIAP Business Writer
NEW YORK (AP) - It's been a scandal-filled few months for banks.
JPMorgan Chase revealed a $2 billion trading loss, triggering an investigation by the government and hearings in Congress. Then the large banks were implicated in a global dust-up over interest
By LINDA A. JOHNSONAP Business Writer
TRENTON, N.J. (AP) - Growth in global spending on medications will slow markedly over the next four years due to a slew of new low-cost generic drugs coming to pharmacies in the U.S. and other developed countries, along with slower increases in what those
By JOSH FUNKAP Business Writer
OMAHA, Neb. (AP) - Billionaire investor Warren Buffett said Thursday that U.S. economic growth has slowed in the last two months as fears about Europe's debt woes mounted.
Buffett's comments during an interview Thursday on the cable TV network CNBC contrast
By French Total wins tender for gas drilling in Bulgaria
SOFIA, Bulgaria (AP) - Bulgaria's government says it has chosen French oil company Total to explore a gas field off the country's Black Sea coast.
Energy Minister Delyan Dobrev said Thursday that Total won the tender to carry out
By PAN PYLAS
FARNBOROUGH, England (AP) - Boeing beat Airbus in the aircraft order stakes at this year's Farnborough Airshow, booking potential deals worth more than double the size of its European archrival.
Though the highlight of its week was unveiled Thursday in Chicago, where it announced
SEOUL, South Korea (AP) - Unionized workers at Hyundai Motor Co. and its affiliate Kia Motors Corp. have voted to hold their first strikes in more than three years, demanding higher wages and fewer working hours.
Labor unions at Hyundai and Kia say all of their factories in South Korea will come to
LONDON (AP) - British mobile phone company O2 said Thursday that its 2G and 3G services had been restored following a breakdown which affected some customers for 24 hours.
The company said it had restored by early afternoon, after problems blighted its network starting Wednesday.
"Our tests show