U.S.
  • Standard Chartered won some help from Britain's central bank governor on Wednesday in its fightback against the New York banking regulator's allegations that it had hidden $250 billion of transactions with Iran.

    LAST UPDATE : Aug 21, 2012, 7:07 AM EDT
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  • The U.S. Treasury Department and Federal Reserve were blindsided and angered by New York's banking regulator's decision to launch an explosive attack on Standard Chartered Plc over $250 billion in alleged money laundering transactions tied to Iran, sources familiar with the situation said.

    LAST UPDATE : Aug 21, 2012, 4:21 AM EDT
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  • Pfizer Inc has agreed to pay $60.2 million to settle a U.S. government probe of the drugmaker's use of illegal payments to win business overseas, government officials said on Tuesday.

    LAST UPDATE : Aug 21, 2012, 3:16 AM EDT
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  • InterContinental Hotels, the world's biggest hotelier, promises to return $1 billion to shareholders funded from the planned sale of a NewYork hotel, with its flagship London Park Lane hotel next on the block.

    LAST UPDATE : Aug 21, 2012, 12:06 AM EDT
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  • A New York bank regulator's broadside against Standard Chartered Plc for allegedly hiding $250 billion in transactions tied to Iran left investors and the bank questioning the motive for the ambush, which wiped $17 billion off its value.

    LAST UPDATE : Aug 21, 2012, 12:06 AM EDT
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  • * Schulze offers $24-$26 a share for Best Buy
    * Many on Wall Street deem offer "inadequate"
    * Says talked with former CEO, COO about coming back
    * Shares up 12 pct but still well below proposed price range
    By Dhanya Skariachan
    Aug 6 (Reuters) - Best Buy Co Inc founder RichardSchulze on Monday offered to take the struggling U.S.electronics retailer private in what could be the biggestleveraged buyout of the year.

    LAST UPDATE : Aug 20, 2012, 10:50 PM EDT
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  • A "rogue" Standard Chartered Plc banking unit violated U.S. anti-money laundering laws by scheming with Iran to hide more than $250 billion of transactions, and may lose its license to operate in New York State, a state banking regulator said on Monday.

    LAST UPDATE : Aug 20, 2012, 10:50 PM EDT
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  • Deal keeps the embattled leader in U.S. market-making for equities in business, but comes at a huge cost to existing shareholders. Knight shares fell 25% to $3.04 in morning trade.

    LAST UPDATE : Aug 20, 2012, 6:18 PM EDT
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  • Unusually high volume ripped through the New York Stock Exchange in early trading on Wednesday, the latest high-profile mishap to damage investor confidence in public markets.

    LAST UPDATE : Aug 20, 2012, 3:40 PM EDT
    Story

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