Business News

AP News - 17 minutes ago

WASHINGTON (AP) — Citigroup has agreed to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to th ...more

AP News - 50 minutes ago

LONDON (AP) — Global stocks rebounded Monday as jitters over a struggling Portuguese bank eased.Last week, stocks around the world had one of their worst weeks in months partly amid concerns over Portugal's Espirito Santo International, which re ...more

AP News - 1 hour ago

SEOUL, South Korea (AP) — Samsung Electronics Co. said it has suspended business ties with a Chinese supplier that allegedly hired children.The South Korean company, which is the world's biggest smartphone maker, said in its blog Monday that it ...more

AP News - 1 hour ago

CHICAGO (AP) — Grain futures were mixed Monday in early trading on the Chicago Board of Trade.Wheat for Sept delivery was unchanged at $5.26 a bushel; Sept corn was 1.75 cents lower at $3.7750 a bushel; Dec oats were unchanged at $3.2650 a bushe ...more

AP News - 2 hours 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 - 4 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 - 4 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 - 5 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 - 5 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 - 8 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