WASHINGTON Banking giant UBS has agreed to pay $780 million and turn over once-secret Swiss banking records to settle allegations it conspired to defraud the U.S. government of taxes owed by big clients.
The Bank of England revealed Wednesday that it has sought approval from the government to create new money in a bid to kick start the economy as historically low interest rates leave the bank with limited scope ...
Ameritrade announced the stock purchase agreement Wednesday morning before its annual shareholder meeting.
Financial stocks led the way to a second day of sharp losses on the Toronto stock market late Wednesday morning.
President Barack Obama on Wednesday pledged up to $275 billion to help stem a wave of home foreclosures that sparked the U.S. financial meltdown, the next phase in a multi-pronged effort to lift the country out ...
Bond insurer MBIA Inc. said Wednesday it will create a new company to handle guaranteeing public finance debt as it looks to revitalize a business that was dragged down by the company's riskier operations.
Immelt's 2008 compensation was valued at $14.1 million, down from $19.6 million, according to a filing with the U.S. Securities and Exchange Commission.
Stock brokers trade in a brokerage firm in Kolkata. IANS MUMBAI: Weak global cues pulled down Indian equities around midday Wednesday, with the Sensex trading below the psychologically important 9,000-mark ...
Financial penalties of US$1.42-million in a settlement revealed Tuesday between U.S. regulators and four executives of BlackBerry maker Research in Motion Ltd.
Investors around the world are betting that even with government stimulus and bailout programs, the global recession will just have to run its course.
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