Business News

AP News - 32 minutes ago

WASHINGTON (AP) — Citigroup announced Monday that it will pay roughly $7 billion to settle a federal investigation into risky subprime mortgages, the type that helped bring on the financial crisis.The bank, one of America's largest, revealed the ...more

AP News - 1 hour ago

LONDON (AP) — European Central Bank President Mario Draghi is likely to face a barrage of questions Monday from lawmakers asking what can be done to reduce the value of the euro, as new signs emerged that the recovery for the 18-nation eurozone is falt ...more

AP News - 2 hours ago

Drugmakers AbbVie and Shire have entered detailed talks about a possible combination after AbbVie raised its bid once again and offered to give Shire shareholders a bigger stake in the resulting company.Shire said Monday that North Chicago, Illi ...more

AP News - 2 hours ago

TOKYO (AP) — For years, Japan has struggled to find a site to safely store highly radioactive waste from nuclear power plants for as long as 100,000 years.Tens of thousands of tons of spent fuel stored at nuclear power plants will remain dangero ...more

AP News - 4 hours ago

Drugmakers AbbVie and Shire are in detailed talks about a possible combination after AbbVie once again raised the deal price and gave Shire shareholders a bigger stake in the new company.Shire says North Chicago, Illinois-based AbbVie is now off ...more

AP News - 4 hours ago

WASHINGTON (AP) — Citigroup will pay roughly $7 billion to settle an investigation into risky subprime mortgages, the type that helped fuel the financial crisis.The agreement announced Monday comes weeks after talks between the two sides broke d ...more

AP News - 4 hours ago

BEIJING (AP) — Global stocks rebounded Monday from jitters about a struggling Portuguese bank as investors looked ahead to a busy week of data releases in the U.S., China and Europe.Oil fell but stayed above $100 after tumbling more than $2 last ...more

AP News - 7 hours ago

WASHINGTON (AP) — The Pipeline and Hazardous Materials Safety Administration is drafting regulations to improve the safety of rail shipments of crude oil following a series derailments, explosions and fires. With billions of dollars at stake, the railr ...more

AP News - 7 hours ago

GENEVA (AP) — Swiss chocolate maker Lindt & Spruengli says it is buying U.S. manufacturer Russell Stover Candies, Inc., for an undisclosed sum.Lindt CEO Ernst Tanner said Monday that the purchase provides "a unique opportunity for us to expa ...more

AP News - 7 hours ago

SAN FRANCISCO (AP) — During a friendly dugout chat before a game, Hector Sanchez joked about the hazards of catching for hard-throwing San Francisco starter Tim Lincecum because of the number of balls that must be stopped in the dirt."Another da ...more