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Goldman Hit With U.K. Fine
Goldman Sachs agreed to a fine of nearly $31 million as part of an investigation by the Financial Services Authority that began shortly after U.S. regulators accused the firm in April of fraud.
Smaller Lenders Struggling to Rally
While big banks are showing signs of recovering from the financial crisis, the outlook is worsening for many of the country's smaller community banks.
The Runways Lighten Up
Stores may now be stocked with this fall's cautious camel and gray classics, but there are signs that bright colors and whimsy are about to return to fashion.
Regulator Opposes NAB, AXA Deal
Australia's competition regulator continued its opposition to National Australia Bank's proposed bid for wealth management firm rival AXA Asia Pacific.
Toys 'R' Soaking Up Mall Spaces
Toys R Us is opening 600 temporary shops this Christmas, making use of mall vacancies to double its number of stores during the holidays. Last year it experimented with 90 such stores.
Hyundai Unveils Its First Electric Car
The South Korean auto maker has invested $34 million over the past year developing the BlueOn, a lithium-ion battery-powered vehicle.
Regulators Defend Citi Settlement
Securities regulators defended their proposed $75 million settlement with Citigroup, saying it achieves a fair balance between the interests of current shareholders and those harmed by the bank's alleged failure to fully disclose its subprime-mortgage exposure.
BP Report Pins Most of Blame on Others
BP's internal investigation into the explosion of the Deepwater Horizon drilling rig found that the British oil giant bears some responsibility for the disaster but laid most of the blame on its contractors.
At Oracle, Hurd in Rare Situation
Mark Hurd has something he hasn't had in many years: a boss. The ousted Hewlett-Packard chief will be reporting to Oracle CEO Larry Ellison, and their chemistry is crucial as the company tries to expand.
New CEO Says GM Will Give No Ground
New GM Chief Executive Dan Akerson told employees Wednesday that the auto maker will take an attacker's stance against the competition now that it has the resources to do so.
Cargo Fire Likely Cause of UPS Jet Crash
A cargo fire appears to be the most likely cause of the crash of a United Parcel Service jumbo jet last week in Dubai.
Foster's Rejects Bid for Wine Unit
Foster's dismissed a cash offer for its wine business from a private-equity firm and is pushing ahead with a plan to separate its beer and wine divisions.
Bank Of China Rights Issue Approved
Bank of China said the China Banking Regulatory Commission approved its planned rights issue of Shanghai-listed A shares and Hong Kong-listed H shares
7-Eleven Makes Bid for Casey's
Convenience store chain 7-Eleven has offered $40 a share, or $1.5 billion, to acquire smaller rival Casey's General Stores.
India Car Sales Touch Record High
Monthly car sales in India surged to an all-time high in August as lower borrowing costs, introduction of new models and forthcoming festivals in an expanding economy lifted demand for cars.
Embraer Mulls Future of Commercial Jet Program
Spurred by its competitors, Brazilian aerospace manufacturer Embraer will decide by the end of the year how to proceed with the future of its successful commercial jet program.
Santos Strikes Gas Deal with Total
Total acquired a 20% stake in Santos' natural gas joint venture for $799 million, an endorsement for the project but a disappointment for some Santos investors who expected more.
Barclays Hires Ex-CIT Chief Peek
Barclays Capital hired former CIT Group Chairman Jeffrey Peek as vice chairman of its investment-banking division.
ECB: Bank Rules Will Be Eased In
Tighter standards for banks' capital and liquidity won't hurt the economy, European Central Bank governing council member Axel Weber said.
J.P. Morgan Hires Baer From BofA
J.P. Morgan Chase hired Bank of America's deputy general counsel Greg Baer to deal with a sweeping new set of financial regulatory reforms.
India Law Threatens U.S. Energy Deals
The U.S. government is scrambling to preserve the benefits of a civil nuclear agreement with India after India passed a law that threatens to effectively exclude U.S. companies from its market for nuclear power.
Witness Receives No Jail Time in 'Squawk' Box Case
A former Smith Barney broker was sentenced to no jail time after he cooperated with federal prosecutors in a probe into an alleged scheme to misuse brokerage-firm squawk boxes.
Delta, Virgin Blue Plan Stalls
The Obama administration gave a thumbs down to plans by Virgin Blue and Delta Air Lines to coordinate operations on flights between Australia and the U.S.
Univision Wins in Viewers
Spanish-language TV network Univision passed a milestone, with its audience among people between 18 and 49 years old beating English-language rivals for what it said was the first time.
Iron-Ore Deals, Risks Grow
West Africa, long known for its rich iron-ore resources, is getting an investment injection, but recent experiences by miners stepping into politically tricky terrain suggest the path to production won't be easy.
'Calls' Offer Opportunity for Nervous Bulls
For jittery or bearish investors, the timing may be right to substitute bullish call options for stocks.
Anatolia-Avoca Gold Miner Merger Is Worth $2 Billion
Canada's Anatolia Minerals Development Ltd. and Australia's Avoca Resources Ltd. have agreed to merger in a deal that will create a gold company with a market value of some $2 billion.
Gasoline Glut Rides Out Summer
U.S. gasoline stockpiles have defied gravity this summer, growing by an unprecedented amount at a time when inventories typically fall.
Southwest Sees August Traffic Take Off
Southwest Airlines Co. said traffic rose in August as a key measure of revenue again jumped by a double-digit percentage as fares remain well above year-earlier levels.
Fight Brewing on Dividend Taxes
U.S. telecom companies are stepping up efforts to fight the expiration of Bush-era tax breaks on dividends.
Global-Bank Deal Targets Reserves
Global banking regulators appear poised to demand larger reserves, which they believe will prevent a future financial crisis, and reserves of higher quality, under so-called Basel 3.
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