- Congressman: McAuliffe victory means gun control a winning message
- Clinton aide admits soliciting disgraced D.C. fundraiser; says actions were legal
- Joel Osteen church victimized in $600K theft
- Obama goes shopping at Gap as minimum-wage thanks
- N.J. woman charged after client dies from black-market butt injections
- CIA chief Brennan ‘determined’ to speak out more this year
- Reset? What reset? U.S.-Russia ties at worst since Cold War
- 9/11 terror recruiter released in Syrian prisoner swap
- D.C. elections board gives green light to marijuana legalization initiative
- Elephants can tell difference between human languages: study
An America drowning in red ink is the land of the free no more
Topic - Ubs
A federal bankruptcy judge who vetoed two previous deals between Detroit and lenders to settle hundreds of millions of dollars in pension debt has scheduled a hearing Wednesday on a third tentative agreement.
The city of Detroit has reached yet another tentative agreement to settle a pension debt with UBS and Bank of America Merrill Lynch and will file the $85 million plan within a few days in federal bankruptcy court, state-appointed emergency manager Kevyn Orr announced Monday.
The city of Detroit is hoping the third time's the charm in settling a pension debt deal with UBS and Bank of America Merrill Lynch.
The bankruptcy judge overseeing Detroit's restructuring plans to render his decision Thursday afternoon on a renegotiated interest rate swaps deal that could save the city millions of dollars.
DETROIT (AP) — Court-ordered negotiations with two major banks have pushed back the release of a plan to get Detroit through the largest municipal bankruptcy in U.S. history, a spokesman for the city's emergency manager said Thursday.
BEIJING (AP) — Global stocks were mixed Friday after overnight declines on Wall Street, weaker Chinese manufacturing data and gloomy sales forecasts by South Korean automakers.
DETROIT (AP) — Detroit's state-appointed emergency manager said Friday that an agreement to pay off banks and settle millions of dollars in debt tied to an interest rate swap deal resolves a "sordid tale" and fuels a massive recovery plan for the broke city.
Barclays bank has suspended six traders amid an investigation into whether international currency markets were rigged, the BBC, the Financial Times and other outlets reported Saturday.
Mortgage giant Fannie Mae has filed a lawsuit against nine banks for allegedly manipulating the London interbank offered rate (Libor) that is used to set global interest rates on such financial products as mortgages and credit cards.
The creator of Beanie Babies stuffed animals has agreed to pay a $53 million penalty after being accused of federal tax evasion for failing to report income he earned in a secret offshore bank account, his attorney and prosecutors said Wednesday.
While the U.S. economy is healthy enough for the Federal Reserve to consider ending the extraordinary cash infusions it has pumped into world markets since 2008, such a change of course would pose big challenges for Europe's debt-strapped economies and for many of the world's developing countries.
Britain is preparing to privatize its postal service, the origins of which date to 1516, in a series of efforts to lower the budget deficit.
Confidence in the U.S. job market has rebounded to roughly a normal level from its record low after the Great Recession, a trend that could help boost the economy.
Swiss vote to impose world's strictest rules on executive pay Inbox
Apple, the most valuable company in the U.S., slumped Friday, helping to drag down the stock market. A lack of progress in federal budget talks also discouraged investors.