U.K. Lawmakers Criticize Handling of BOE Profit Shift
U.K. lawmakers said the government and the Bank of England botched the announcement of a treasury plan to claim billions of pounds of interest from the central bank.
The third and final big union at AMR agreed to basic labor terms in the event that the American Airlines parent merges with US Airways, further smoothing the carriers' path to a potential marriage.
GM said it will spend $600 million to expand and upgrade a Kansas assembly plant as part of an overall strategy to invest $1.5 billion in its North American operations this year.
Hotel television provider LodgeNet Interactive filed for Chapter 11 bankruptcy as part of an agreement with private equity firm Colony Capital that will invest $60 million for control of the company.
The head of foreign-exchange sales at the New York bank has created an alter ego, "Berniman," as part of an effort to generate votes in Euromoney's annual ranking of foreign-exchange firms.
Deadly jetliner crashes are at their lowest since the mid-1960s. But turboprops remain less safe and parts of Africa and Latin America face safety problems.
The U.S. government came down squarely in Argentina's favor in litigation with holdout creditors suing the South American country over its defaulted bonds.
The oil glut at Nymex's Cushing, Okla., hub unexpectedly grew, reaching a new record. Meanwhile, crude imports fell 9.2% in October to the lowest level since January 2000.
Local governments across Spain have been paying their suppliers' bills months behind schedule, forcing companies to help shoulder the financial woes of the Spanish government.
First Tennessee Bank was the biggest borrower of short-term funds from the Federal Reserve during the fourth quarter of 2010, following a technology glitch, data showed.
Negotiators averted a potential longshoremen strike that would have halted container cargo at U.S. ports from Boston to Houston, agreeing to a contract extension that came too late for some retailers.
U.S. stocks tumbled Friday as investors lost hope that politicians in Washington could hammer out a last-minute deal to avert the so-called fiscal cliff.