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Lord knows we’ve had more than enough scandals ginned up by Wall Street over the years, and the message that banking executives proclaim after each is: “Don’t worry, we’ve learned that lesson, and it will never happen again.”
Google Inc. outlined proposals to European Union regulators in an effort to end an antitrust investigation into allegations that the operator of the world’s largest search engine discriminates against rivals.
It isn’t working. Or it didn’t work. At least it hasn’t worked yet. Why not try something different?
The Bank for International Settlements, which acts as a bank for the world’s central banks, should know fudged numbers when it sees them. What may come as a surprise is how openly it has been discussing the problem of bogus balance sheets at large financial companies.
Microsoft is absorbing a $6.2 billion charge to reflect that one of the biggest deals in its 37-year history turned out to be a dud.
Verizon Communications Inc. said a Federal Communications Commission rule that prevents Internet service providers from blocking or slowing the flow of Web content to homes and businesses violates the constitutional rights of broadband network owners.
July 2 (Bloomberg) -- California charter cities don’t have to comply with a state law mandating payment of prevailing wages on municipal construction projects, the state Supreme Court ruled.
Manufacturing unexpectedly shrank in June for the first time since the economy emerged from the recession three years ago, indicating a mainstay of the expansion may be faltering.
ROUND ROCK, Texas — Dell is buying Quest Software for $2.4 billion to expand its offerings as its personal computer business weakens in an era of smartphones and sleeker devices like the iPad.
One of the Internet's first photo-sharing sites has closed.
The gleaming Westfield Stratford City mall poses an interesting question about human behavior: Is it possible to head off to a major international sports event and forget to go?
A surge in homebuilding pushed U.S. construction spending up by the largest amount in five months, the latest indication that the housing sector is slowly recovering.
Shares of Groupon Inc. took a hit on Monday after an analyst lowered his target price on the stock to reflect higher marketing expenses over the next few quarters. In addition, Groupon's co-founder and chairman, Eric Lefkofsky, said he is scaling back his involvement to focus on Lightbank, his venture capital firm.
New York pedestrians tend not to look up too much for fear of being mistaken for tourists gawking at skyscrapers. Ian Cheney gazed toward the heavens and got a film out of it.
U.S. stocks are closing mixed, pulled in opposite directions by bad news about American manufacturing and relief over Europe's bailout plan for its banks.
Last week's spike in the price of oil may have been a little overdone.
GlaxoSmithKline LLC will pay $3 billion and plead guilty to promoting two popular drugs for unapproved uses and to failing to disclose important safety information on a third in the largest health care fraud settlement in U.S. history, the Justice Department said Monday.
July 2 (Bloomberg) -- Oil fell after manufacturing in the U.S. unexpectedly shrank for the first time in almost three years in June.
U.S. manufacturing shrank in June for the first time in nearly three years, adding to signs that economic growth is weakening.
Shortly after the Supreme Court’s historic health care decision, Barack Obama and Mitt Romney appeared before the cameras to offer their spin. Neither took questions.
July 2 (Bloomberg) -- Hedge funds raised bullish oil bets for the first time in eight weeks before prices surged the most in more than three years following an agreement by European leaders that alleviated concern banks will fail.
July 2 (Bloomberg) -- U.S. stock-index futures were little changed, paring earlier advances, before a report that may show manufacturing in the world’s largest economy expanded at the slowest pace in eight months.
July 2 (Bloomberg) -- Treasury 10-year notes were little changed before an industry report today that economists said will show U.S. manufacturing growth slowed last month, supporting demand for the safest assets.
A scruffy, young Steve Jobs worked at Atari before he founded Apple. “Pong,” one of the world's first video games, was born there, as was “Centipede,” a classic from the era of quarter-guzzling arcade machines. “Call of Duty” creator Activision was started by four of Atari's former game developers.
July 2 (Bloomberg) -- National Bank of Greece SA, the country’s biggest lender, said it is holding discussions with Credit Agricole SA about cooperation.
July 2 (Bloomberg) -- The euro dropped, reversing its biggest gain versus the yen in more than 15 months, as a report showed unemployment in the 17 countries sharing the currency climbed to a record in May.
European markets made further gains Monday as investors continued to cheer the continent's latest efforts to deal with a debt crisis that has clouded the outlook for the global economy.
Midwest ranchers have never been enamored with environmental regulators, but they really began to complain after learning that federal inspectors were flying over their land to look for problems.
Loved ones aren't the only thing buried in the 122-year-old Lowellville Cemetery in eastern Ohio. Deep underground, locked in ancient shale formations, are lucrative quantities of natural gas.
Memory-chip maker Micron Technology Inc. has agreed to buy Elpida Memory Inc. for approximately $750 million in cash in a deal that would boost its wafer manufacturing capacity by about 50 percent.
Subway will begin offering zero-calorie Vitaminwater in August as consumers increasingly reach for less sugary drinks to wash down sandwiches and other foods.
July 2 (Bloomberg) -- THQ Inc., the video-game maker, fell after saying it plans a 1-for-10 reverse stock to maintain its Nasdaq Stock Market listing.
Best Buy Co. shares jumped on Monday on a weekend report that its former chairman and founder is close to presenting a buyout offer for the electronics retailer to its board.
Lending to small businesses is recovering after a four-month decline.
July 2 (Bloomberg) -- For-profit college companies such as Corinthian Colleges Inc. and Education Management Corp. rose after a U.S. judge struck down regulations the day before they were to take effect that could have cut off their federal money.
The federal government is opening regional patent offices in Silicon Valley and three other areas as part of efforts to reduce a backlog and hire experts not willing to move to the Washington area.
July 2 (Bloomberg) -- Dell Inc. agreed to buy Quest Software Inc., a maker of programs to manage corporate computer systems, for about $2.4 billion, ending a bidding contest with Insight Venture Partners.
A trade group for drone aircraft manufacturers and operators is releasing the industry's first “code of conduct,” partly in response to growing privacy concerns as the industry expands into civilian aviation.
July 2 (Bloomberg) -- Copper fell in New York, paring this year’s biggest gain, on concern demand is poised to slump as manufacturing deteriorates worldwide.
July 2 (Bloomberg) -- Samsung Electronics Co.’s request to stay a court order barring sales of its Galaxy Nexus smartphone in the U.S. will be ruled on “shortly,” a federal judge said today at a court hearing in San Jose, California.
July 2 (Bloomberg) -- For-profit college companies such as Corinthian Colleges Inc. and Education Management Corp. rose after a U.S. judge struck down regulations the day before they were to take effect that could have cut off their federal money.
July 2 (Bloomberg) -- Twitter Inc. must turn over information about an Occupy Wall Street protester’s posts, a New York judge ruled, comparing the duties of social media sites to those of witnesses to a street crime.
July 2 (Bloomberg) -- Mammoth Lakes, California, voted to file for bankruptcy to protect itself from a $43 million court judgment, the resort town said.
July 3 (Bloomberg) -- Intel Corp., the world’s largest maker of computer chips, will seek to overturn a record European Union 1.06 billion-euro ($1.34 billion) antitrust fine, arguing regulators withheld evidence and failed to give the company the chance to fully defend itself.
July 2 (Bloomberg) -- Eastman Kodak Co., the photography pioneer that seeks to sell digital-imaging patents, won court approval to auction the assets as part of its bankruptcy restructuring.
July 2 (Bloomberg) -- Indian stocks dropped for the first time in five days as some investors judged a recent rally excessive.
July 2 (Bloomberg) -- The euro fell, snapping its biggest gain versus the yen in more than 15 months, as a report showed unemployment in the 17 countries sharing the currency climbed to a record in May.
July 2 (Bloomberg) -- U.K. Chancellor of the Exchequer George Osborne will make a statement today on banking as the opposition Labour Party seeks an inquiry into the industry after Barclays Plc was fined for trying to rig interest rates and its chairman resigned.
July 2 (Bloomberg) -- The Kazakh central bank’s strategy of allowing lenders to hide bad debts while they rebuild capital ratios through profits probably won’t work because credit growth is too slow, Moody’s Investors Service said.
July 2 (Bloomberg) -- Israeli Prime Minister Benjamin Netanyahu said that Arabs and ultra-Orthodox Jews must share the national burden, as a government panel works on a new law that would require them to do some form of national service.
July 2 (Bloomberg) -- Dubai will sell oil for September shipment at parity with the price of Oman crude futures for that month, marking a 10-cent cut in the differential.
July 2 (Bloomberg) -- Daimler AG expects weak demand in Brazil and investments in new products to weigh on second- quarter profit from its truck unit, said Andreas Renschler, head of Daimler Trucks.
July 2 (Bloomberg) -- The euro may weaken almost 6 percent to a two-year low against the dollar after it failed to rise above levels of so-called resistance, CMC Markets Plc said, citing trading patterns.
The chairman of Barclays bank announced his resignation Monday, accepting responsibility for a rate-fixing scandal and leaving the chief executive to face growing demands that he step down, too.
More than two days after storms pummeled the mid-Atlantic region, hundreds of thousands of people are still in the dark.
Linde AG, a German-based company that specializes in industrial gases, plans to acquire U.S. home care health company Lincare Holdings Inc. in a deal worth $4.6 billion.
Germany's highest court says it will hold a hearing next week on applications for injunctions against the eurozone's permanent rescue fund and Europe's new budget-discipline pact.
July 2 (Bloomberg) -- Jumptap Inc., a mobile advertising network that competes with Google and Millennial Media, said today it raised $27.5 million, which will be used to improve its products and technology ahead of an initial public offering.
A senior European Central Bank official urged Greece's new government on Monday to avoid further delays in implementing major structural reforms.
Unemployment in the 17-country euro currency bloc hit another record in May as the crippling financial crisis pushed the continent toward the brink of recession, official figures showed Monday.
Will Britain's EU membership be one more casualty of the continent's devastating debt crisis?
The oldest and largest refinery on the East Coast will stay open thanks to a deal between Sunoco and the global asset manager The Carlyle Group, with the groups announcing Monday that they have agreed to terms on a joint venture at the facility.
The party that ruled Mexico with an iron grip for most of the last century has sailed back into power, promising a government that will be modern, responsible and open to criticism.
Twitter must give a court almost three months' worth of an Occupy Wall Street protester's tweets, a judge said in a ruling released Monday after the company fought prosecutors' demand for the messages.
City officials are defending a planned long-distance swearing in of Anchorage's mayor, who is vacationing in Hawaii.
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