Tax Probe Targets UBS Unit In France

Prosecutors are probing whether UBS's French unit helped bankers from the parent company in Switzerland approach and encourage French clients to open Swiss bank accounts that allowed them to evade taxes.

WEF Meets in Myanmar

Interest in Myanmar's potential has reached feverish levels as reforms have intensified, but reality is struggling to match expectations as leaders gather for the East Asian edition of the World Economic Forum.

Detroit's Evolution Isn't Without Peril

Ahead of the Tape: U.S. auto makers may have shrugged off the latest currency tremors from Japan, but they haven't felt the aftershocks.

Economic Crisis Enlivens Scholars

The financial crisis and recession have made macroeconomic research a hot area of study.

Chinese Developer Takes Stake in GM Building

A prominent Chinese developer and a scion of the Safra banking family have purchased a 40% stake in the General Motors Building in a deal that values the Manhattan property at approximately $3.4 billion.

Bidders Emerge for Rio Tinto Ore Business

Glencore Xstrata and Blackstone Group are among the suitors circling the Canadian iron ore operations that Rio Tinto has put on the block. The 59% stake in Iron Ore Co. of Canada could fetch about $4 billion.

China Manufacturing Data Soften

HSBC's gauge of manufacturing activity in China slipped into contractionary territory in May, despite the country's official reading showing a slight improvement.

Freight Cars Fall Into River in Ontario Derailment

A container train operated by Canadian Pacific derailed in northwestern Ontario on Sunday as it was crossing a bridge, sending about 11 cars into the Wahnapitae River as the bridge collapsed. No injuries were reported.

Nikkei Remains Volatile

Asian stocks were mixed on Monday while Tokyo continued to fall sharply once again. The Nikkei fell 2.2%.

AIG Fights BofA Mortgage Accord

Bank of America's fight for approval of an $8.5 billion settlement with investors over soured mortgage securities has one giant hurdle in its path: AIG.

$1.3 Billion Deal Reached for New York Building

A venture of Crown Acquisitions and Highgate has reached a deal to buy a 27-story office and retail tower near in Manhattan for $1.3 billion, the most paid for a Manhattan commercial property in more than two years.

Million Barrel Blues

Evolution: It is messy, it takes time and some people don't even believe in it. But it is essential for a select group of growing oil and gas companies that they master it.

PC Makers Fight Mobile Devices

PC makers are planning a counterattack against the mobile-device movement, focusing on two weapons: lower prices and power consumption.

Mortgage Investors Get Blindsided

Some mortgage investors got an unexpected refresher course on the risks of subprime debt when they received notice of $1 billion of previously undisclosed losses.

Regulators to Act on Nonbank, Money-Fund Issues

Regulators are poised to take steps this week to address market vulnerabilities that helped fuel the 2008 financial crisis.

Dividend Stocks Fall Victim to Fed

A month of rising U.S. Treasury yields spurred a selloff last week among dividend-rich stocks like utilities and REITs that had benefited from rock-bottom interest rates. Now the question is: Will Treasury yields go higher?

'After Earth' Flops at Box Office

"After Earth," a postapocalyptic adventure starring the typically bankable Will Smith, opened to a weak $27 million in estimated box-office receipts in the U.S. and Canada.

ISS Backs SoftBank Bid for Sprint

A prominent proxy adviser said Sprint Nextel shareholders should vote for a $20.1 billion acquisition by SoftBank, but set aside the question of whether the deal is better than a rival proposal from Dish Network.

Evidence Mounts for Immunotherapies to Treat Cancer

Researchers presented more evidence Saturday that using drugs to harness the body's immune system to fight tumors may prolong lives for certain types of cancer.

Infosys Brings Back Founder

India's Infosys brought back its founder, N.R. Narayana Murthy, in response to shareholder demands to revive the struggling technology company.