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.
Barclays' Rate-Hedging Provision Puts Focus on Other Banks
Barclays PLC's (BCS) disclosure Friday of a 450 million pound ($704.8 million) provision to redress customers that had been missold interest-rate hedging products comes as the other three major U.K. banks report earnings that will likely reveal further disclosures on the issue.
Chevron Posts Lower Profit on Oil Price Dip
The second-largest U.S. oil company reported its net income fell to $7.2 billion as oil prices weakened from the year before.
Merck 2nd-Quarter Net Falls 11% on Year-Earlier Tax Gain
Merck & Co.'s (MRK) second-quarter profit declined 11% amid acquisition-related costs and a year-earlier tax benefit, while sales gains for newer drugs helped offset declines for older drugs.
Anglo American Sees Slower Rise In Mining Costs As Commodity Prices Fall
Globally diversified miner Anglo American PLC (AAL.LN) is still expecting mining costs to rise in the second half of the year, albeit at a slower pace than in the first half of the year following a drop in commodity prices.
ITC Plans to Invest INR250 Billion in India Over 5-7 Years
Cigarettes-to-hospitality company ITC Ltd. (500875.BY) plans to invest 250 billion rupees ($4.5 billion) in India over the next five to seven years, Chairman Y.C.
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.