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  • JPMorgan to pay $1.42 billion to Lehman Brothers

    JPMorgan Chase has agreed to pay $1.42 billion to settle allegations that it withheld critical funds from Lehman Brothers in the final days leading up to Lehman’s collapse during the …


  • U.S. stock rally fizzles at close; Dow down 204 points

    A rally in U.S. stocks evaporated in the minutes before the closing bell Tuesday, sending the Dow Jones industrial average down more than 200 points and extending Wall Street’s losing …


  • Fed proposes big banks hold more cash, assets

    WASHINGTON — The Federal Reserve on Wednesday proposed that big banks keep enough cash, government bonds and other high-quality assets on hand to survive a severe downturn on par with …


  • Cypriot lawmakers reject deposits seizure bill

    NICOSIA, Cyprus (AP) — Cypriot lawmakers on Tuesday rejected a critical draft bill that would have seized part of people’s bank deposits in order to qualify for a vital international …


  • Too big to jail? Execs avoid laundering charges

    NEW YORK (AP) — When the Justice Department announced its record $1.9 billion settlement against British bank HSBC last week, prosecutors called it a powerful blow to a dysfunctional institution …


  • THE RESET: Obama also facing a personnel ‘cliff’

    The beginnings of presidential second terms usually bring major personnel changes. For President Barack Obama, the shuffling in top positions comes as his administration grapples with averting a major year-end …


  • HSBC to pay $1.9B to settle money-laundering case

    LONDON (AP) — HSBC avoided a legal battle that could further savage its reputation and undermine confidence in the global banking system by agreeing Tuesday to pay $1.9 billion to …


  • Report sees middle class gains, resource shortages

    WASHINGTON (AP) — Nearly two-thirds of the world’s population will live in cities by 2030, with most people middle class, connected by technology, protected by advanced health care and linked …


  • Spies see poverty down, but resource fights ahead

    WASHINGTON (AP) — Nearly two-thirds of the world’s population will live in cities by 2030, with most people middle class, connected by technology, protected by advanced health care and linked …


  • Stock market is a wild card in fiscal cliff talks

    WASHINGTON (AP) — Congress and the White House can significantly soften the initial impact of the “fiscal cliff” even if they fail to reach a compromise by Dec. 31. One …


  • Obama hails Nunn, Lugar efforts to secure nukes

    WASHINGTON (AP) — Hailing two decades of efforts to help the former Soviet Union secure nuclear weapons stockpiles, President Barack Obama said Monday that the world must continue to stand …


  • Schapiro’s SEC successor likely to follow her lead

    WASHINGTON (AP) — The leadership of the Securities and Exchange Commission will change next month. Its approach to regulation probably won’t. Mary Schapiro will step down as chairwoman after a …


  • Wal-Mart and Target: A tale of 2 discounters

    NEW YORK (AP) — This holiday season, the biggest discount chains in the U.S. will tell the tale of two very different shoppers: those that have and those that have …


  • Post office reports record loss of $15.9B for year

    WASHINGTON (AP) — The struggling U.S. Postal Service on Thursday reported an annual loss of a record $15.9 billion and forecast more red ink in 2013, capping a tumultuous year …


  • Given 2nd term, Obama now facing new urgent task

    WASHINGTON (AP) — President Barack Obama faces a new urgent task now that he has a second term, working with a status-quo Congress to address an impending financial crisis that …


  • Exit poll: Hint of economic optimism amid worry

    WASHINGTON (AP) — Rising prices and chronic unemployment were heavy on the minds of voters Tuesday even as a glimmer of optimism peeked through. Four in 10 said the nation’s …


  • Exit poll: Many still blame Bush for bad economy

    WASHINGTON (AP) — Rising prices and chronic unemployment were heavy on the minds of voters Tuesday even as a glimmer of optimism peeked through. Four in 10 said the nation’s …


  • US Oct. jobs report likely to show modest hiring

    WASHINGTON (AP) — The October employment report the government will release Friday will likely solidify the picture of the U.S. job market that’s emerged this year: Companies are hiring steadily …


  • Ex-Goldman exec’s 2-year sentence draws scrutiny

    NEW YORK (AP) — A two-year prison sentence for insider trading at the height of the 2008 economic crisis, by a man who was once one of the nation’s most …


  • FACT CHECK: Flunking geography, history

    WASHINGTON (AP) — Voters didn’t always get the straight goods when President Barack Obama and Republican Mitt Romney made their case for foreign policy and national security leadership Monday night …


  • FACT CHECK: Flunking geography, history

    WASHINGTON (AP) — Voters didn’t always get the straight goods when President Barack Obama and Republican Mitt Romney made their case for foreign policy and national security leadership Monday night …


  • Jobless rate falls in most battleground states

    CLEVELAND (AP) — Unemployment rates fell last month in nearly all of the battleground states that will determine the presidential winner, giving President Barack Obama fresh fodder to argue that …


  • Aggressive Romney spars with Obama in first debate

    DENVER (AP) — In a showdown at close quarters, an aggressive Mitt Romney sparred with President Barack Obama in their first campaign debate Wednesday night over taxes, deficits and strong …


  • Campaign travel offers Obama view of tough economy

    HENDERSON, Nev. (AP) — Sometimes all President Barack Obama has to do is look out the window to get a firsthand look at the country’s economic woes. This week in …


  • Rough economy in clear view for Obama on the road

    HENDERSON, Nev. (AP) — Sometimes all President Barack Obama has to do is look out the window to get a firsthand look at the country’s economic woes. This week in …


  • Obama makes new appeal in 2-minute ad

    WASHINGTON (AP) — Trying to command attention and build his lead in the polls, President Barack Obama unveiled a new two-minute TV commercial Thursday calling for an “economic patriotism” he …


  • Fed unveils bold, open-ended steps to aid economy

    WASHINGTON (AP) — Alarmed by the chronically weak U.S. economy, the Federal Reserve launched an aggressive new effort Thursday to boost the stock market and make borrowing cheaper for years …


  • Greece faces more anti-austerity strikes, protests

    ATHENS, Greece (AP) — A fresh wave of anti-austerity strikes hit Greece Wednesday as the leaders of the governing coalition struggled to finalize further spending cuts for the coming two …


  • WHY IT MATTERS: The Economy

    The issue: The economy is weak and the job market brutal. Nearly 13 million Americans can’t find work; the national unemployment rate is 8.1 percent, the highest level ever three …


  • Obama gets grim job news; Romney pounces on it

    PORTSMOUTH, N.H. (AP) — His convention over, President Barack Obama ran smack into the harsh reality of a bleak new report on the nation’s unemployment outlook Friday. Republican rival Mitt …

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