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Former UBS Trader Charged in Libor ScandalA former trader with UBS and Citigroup was charged Tuesday in relation to an ongoing investigation into the fixing of so-called Libor rates.  33 year-old Tom Hayes was charged with eight counts of fraud ...

Starbucks to Post Calorie Counts On MenusThe world's largest coffee chain announced Tuesday it will begin posting calorie counts for its popular coffee drinks on menu boards in its stores.  The company is beating the government to the punch ...

Another Airbag-related Inquiry Hits HondaThe US National Highway Traffic Safety Administration revealed Monday that it is opening an investigation into more than 320,000 Honda minivans after receiving a half-dozen complaints about airbags deploying ...

Major Sony Investor Calls for Sale of Entertainment BusinessSony Corporation has come under pressure to sell off part of its entertainment business in order to strengthen its struggling electronics unit.  Daniel Loeb, the billionaire activist ...

Manufacturing Growth Slows to a TrickleThe Institute for Supply Management reported Wednesday that manufacturing growth slowed to a trickle in April while a separate report showed a slowdown in construction spending, leading some economists to lower ...

Durable Goods Orders Drop More than 5 PercentThe US Commerce Department reported Wednesday that durable goods orders fell by the most in seven months in March, prompting some analysts to lower growth expectations for US manufacturing.  Durable ...

Fed Forced to Release March Minutes Early After Email LeakThe US Federal Reserve was forced to release the minutes for its March meeting early Wednesday due to an email that went out Tuesday issuing the minutes early.  The minutes were ...

Walmart to Target Higher Income Americans for Online ShoppingWal-Mart is expanding its focus and wants to begin selling products to higher-income customers to provide a direct threat to Amazon.com.  While the world's largest retailer targets ...

Chrysler Issues Urgent Recall for Challenger CoupeChrysler announced Monday it is recalling nearly 4,500 of its 2013 Dodge Challenger muscle cars because of an issue that may cause a fire to ignite.  The Auburn Hills, Michigan automaker even ...

US, European Markets Slide on Cyprus Bank Account Tax ProposalEuropean markets moved lower Monday morning and US markets followed suit with all three major indexes opening down nearly 1 percent.  The sell-offs were a response to a surprise ...

Mortgage Application Demand Surges 15 PercentThe Mortgage Bankers Association reported Friday that applications for home loans surged a whopping 14.8 percent for the week ended March 1st following three straight weeks of declining ...

Warren Buffett Acquires Tulsa World NewspaperBillionaire investor Warren Buffett has increased his holdings in the newspaper business after agreeing to acquire the Tulsa World daily paper.  The acquisition will bring the Berkshire Hathaway ...

FDA Approves New Breast Cancer DrugThe US Federal Drug Administration on Friday approved a new drug for treating late-stage breast cancer.  Referred to as T-DM1 during clinical trials, the drug will be marketed under the brand name Kadcyla and ...

Fixed Mortgage Rates Hold Steady, ARMs Up SlightlyGovernment-run home loan insurer Freddie Mac reported Thursday that mortgage rates were unchanged this week, with the average 30-year rate hovering at 3.53 percent and the average rate for a 15-year ...

Dell Agrees to $24.4 Billion BuyoutPC giant Dell revealed Tuesday it has reached an agreement with a consortium led by the company's founder and namesake Michael Dell to be taken private.  Under the terms of the agreement, the consortium would ...