Business
Knife in hand, Schwarzenegger tweets about budget
SACRAMENTO, Calif. — Ever the entertainer, Gov. Arnold Schwarzenegger has posted a Twitter video related to the state's budget crisis in which he picks up an oversized knife and jokes about autographing state vehicles that will be auctioned to rai...
British Study Madoff Payments to Austrian Banker
British authorities have started an investigation into millions of dollars of payments from the operations of the convicted money manager Bernard L. Madoff to companies linked to the Austrian banker Sonja Kohn, an Austrian official confirmed on Fr...
British Airways (BA) said it had cut its spending plans by 20 percent for the current year as it prepared for a lengthy industry downturn and reported that passenger numbers had fallen again.
Bernard Madoff Sentenced to 150 Years in Prison
Lev L. Dassin, the Acting U.S. Attorney for the Southern District of New York, and Joseph M. Demarest, Jr., the Assistant Director-in-Charge of the New York Field Office of the Federal Bureau of Investigation (FBI), announced that Bernard L. Madof...
Iraq Begins Major Oil and Gas Auction
BAGHDAD — After a year in preparation, a much-heralded auction of licenses to develop Iraq’s huge oil reserves began Tuesday but seemed to run into difficulties when oil and gas companies demanded far more remuneration than the authorities were re...
British Queen faces battle over funding after spending record sums from savings
The Queen is set to face a battle with the Treasury over the funding of the Royal Household after new figures revealed the monarch drew record amounts of money from reserves this year.
Japan Orders Citigroup to Suspend Retail Operations
Japan's financial regulator on Friday ordered Citigroup Inc.'s Citibank Japan Ltd. to suspend all sales activities in its retail banking division for one month as a sanction for lax compliance in preventing money laundering.
Apple boss Steve Jobs had liver transplant
Steve Jobs, the chief executive of Apple Inc., received a liver transplant about two months ago but is expected to return to work later this month.
Texas billionaire R. Allen Stanford will appear in a federal court in Virginia on Friday over allegations of massive fraud involving his Antigua bank, U.S. officials said after he surrendered to the FBI.
A California company alleged that the Chinese "Green Dam-Youth Escort"filtering software that must be packaged with all computers sold in China from July 1, contains stolen portions of the company's Internet-filtering software designed for parents.