How the LIBOR scandal could affect you
The LIBOR scandal -- the latest debacle to send ripples through the global financial system -- centers on the alleged rigging of a somewhat obscure banking survey.
How long will the inflation holiday last?
Something happened in the second quarter of 2012 that hadn't happened in two years: Savings accounts actually made money.More specifically, this was the first time since the second quarter of 2010 that inflation dropped below the rate of interest on savings accounts.
Tesco Cuts Jobs at Fresh & Easy Chain
The retail giant slashed jobs at the Californian headquarters of its loss-making Fresh & Easy chain.
Barclays Faces New Scrutiny, More Libor Lawsuits
The British lender is working to repair its image in the wake of the interest-rate rigging scandal but is facing new probes and lawsuits.
Lawmakers to Geithner: Investigate China's ZTE
Lawmakers called on the Treasury secretary to investigate the Chinese telecommunications equipment maker over allegations it sold a surveillance system and banned U.S. equipment to Iran.
U.S. Growth Tapers Off To 1.5% In Second Quarter
The U.S. economy grew 1.5% in the second quarter, down from 2% in the prior period, as consumers and businesses spent at a slower rate, according to a preliminary government estimate.
Spain Discussed EUR300 Billion Bailout With Germany - Reuters Citing Source
Spain might need a full bailout from the International Monetary Fund and the European Union worth 300 billion euros ($366 billion) were its borrowing costs to remain unsustainably high, Reuters reports Friday, citing an unnamed euro-zone official.
Apple to Buy AuthenTec for $350 Million
Apple Inc. (AAPL) has agreed to buy fingerprint authentication sensor maker AuthenTec Inc. (AUTH) for about $350 million as the consumer-electronics giant puts a chunk of its massive cash holdings to work.
Cable & Wireless Worldwide PLC Scheme of arrangement
TIDMCW. TIDMVOD RNS Number : 7039I Cable & Wireless Worldwide PLC 27 July 2012 27 July 2012 Scheme of Arrangement of Cable & Wireless Worldwide plc ("CWW") Recommended Cash Offer for CWW On 23 April 2012, CWW and Vodafone announced that they had reached agreement on the terms of a recommended cash
KKR & Co 2Q Economic Net Income up 73% at $546.1 Million
Private equity firm KKR & Co. (KKR) reported a robust 73% rise in second-quarter economic net income, beating analysts' expectations by a wide margin, as investment income nearly doubled, buoyed by a 5.1% appreciation in its private equity portfolio.