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said in a statement the customer accounts were frozen until legal claims could be sorted out. Also, a federal judge presiding over the Stanford case, U.S. District Judge Reed O'Connor, was recused because a relative has substantial Stanford holdings, according to a court filing. The Stanford scandal, hard on the heels of allegations that Wall Street veteran Bernard Madoff carried out a $50...

European leaders meet on Sunday to form a consensual approach to tackle the global economic crisis, while U.S. President Barack Obama is due to unveil an ambitious plan to cut the ballooning deficit in half by 2013. Financial markets plumbed new lows last week on fears governments may have to intervene to nationalize struggling banks and as grim global economic data sent investors scurrying to se...

If the government gives more help to Bank of America Corp and Citigroup Inc in the near term, it will likely stop short of nationalization, even if a full takeover would be best for the banking system.

said in a statement the customer accounts were frozen until legal claims could be sorted out. Also, a federal judge presiding over the Stanford case, U.S. District Judge Reed O'Connor, was recused because a relative has substantial Stanford holdings, according to a court filing. The Stanford scandal, hard on the heels of allegations that Wall Street veteran Bernard Madoff carried out a $50...

Regulators seized on Friday Texas billionaire Allen Stanford's banks and companies in Antigua and Barbuda, the Caribbean state at the center of fraud charges against him, as the financier surrendered his passport to U.S. authorities. Antigua's government, which in 2006 gave Stanford a knighthood, and the Eastern Caribbean Central Bank announced the takeovers after a rush by depositors this week...

General Motors Corp's European brands are near collapse, with Germany's Opel in need of more state funding and the Swedish government rejecting Saab's plea for state aid until its business plan was sound. Filing for protection from creditors on Friday, Saab said it would present a reorganization proposal within three weeks while court filings revealed it estimates its losses in 20...

Texas billionaire Allen Stanford, accused of defrauding investors around the globe, stayed out of sight on Friday as governments and clients counted the cost of his alleged $8 billion securities scam.

Zimbabwean President Robert Mugabe celebrates his 85th birthday on Saturday facing a tough year even by the standards of such a veteran political survivor

Mining group Anglo American Plc (AAL.L) (AGLJ.J) scrapped its 2008 final dividend on Friday to conserve cash and said it will cut 19,000 jobs as it posted a 1 percent fall in profit, missing analysts' forecasts.

Texas billionaire Allen Stanford, accused of an $8 billion fraud that spooked investors around the world, was served with the formal complaint on Thursday by FBI agents in Virginia.

a brokerage house and a fiduciary firm. We will intervene to protect the interests of investors, Santiago Noboa, the state regulator of the stock exchange in Quito, told Reuters. Mexico's banking regulator said it was investigating the local Stanford bank affiliate for possible violation of banking laws. Peru's securities regulator suspended the operations of a local Stanford unit. PREVI...

a brokerage house and a fiduciary firm. We will intervene to protect the interests of investors, Santiago Noboa, the state regulator of the stock exchange in Quito, told Reuters. Mexico's banking regulator said it was investigating the local Stanford bank affiliate for possible violation of banking laws. Peru's securities regulator suspended the operations of a local Stanford unit. PREVI...

U.S., Latin American and European investigators widened probes on Thursday into the far-flung financial empire of Texas billionaire Allen Stanford, accused of massive fraud, and Venezuela seized one of his banks.

A healthy U.S. auto industry is vital for a sound U.S. economy and by extension for Japanese carmakers, a Tokyo-based auto lobby said, giving a tacit nod to the latest request for federal aid from ailing rivals in Detroit.

Delegates to this year's Mobile World Congress in Barcelona are getting down to the business of cost-cutting and doing what deals they can as the industry adjusts to the realities of global economic downturn.

Texas billionaire Allen Stanford and three of his companies were charged with massive fraud on Tuesday as federal agents swooped on his U.S. headquarters.

an opportunity to reinvent a category, create new rituals and grow our customer base. Schultz said Via's target customer in the United States is the brewed coffee drinker. Overseas, the company aims to win over new instant coffee users and to steal market share from established brands such Nestle SA's Nescafe and Kraft Foods Inc's Sanka. The company already f...

Stanford used false information to promote a mutual fund program separate from the CDs. The program grew to more than $1.2 billion from less than $10 million in 2004. There was no sign of imminent federal criminal charges against Stanford. James Dunlap, a lawyer representing about a dozen investors who bought CDs from Stanford Financial Group, said he planned to sue the financial firm as early ...

LONDON - Wal-Mart Stores Inc (WMT.N) posted a 14.3 percent drop in fourth-quarter operating income at its international businesses, hit by the stronger dollar, but said underlying growth was solid, led by the UK, China and Brazil.

Israel is involved in a covert war of sabotage inside Iran to try to delay Tehran's alleged attempts to develop a nuclear weapon, a British newspaper said on Tuesday, quoting a former CIA agent and intelligence experts.

Chipmaker Freescale, which began making chips for small netbook laptop computers last month, plans to expand its offering to include chipsets for Google's Android operating system by next quarter.