Swiss to reveal UBS accounts to settle U.S. tax row
Switzerland has agreed to reveal the names of about 4,450 wealthy American clients of UBS AG to U.S. authorities in a tax dispute settlement that pierces Swiss banking secrecy and now threatens to spill over to other banks.
H1N1 smashes children in HK, near 8000 cases totally
Twenty-one residents of a Hong Kong child care center have fallen ill as the H1N1 virus continues to rage in the city, with 17 of them already tested positive for the disease, health officials said on Wednesday.
Consumers to benefit as credit card law debuts
U.S. consumers will see on Thursday the first signs of the biggest overhaul of the credit card industry in at least two decades, as companies will be forced to provide customers with more time to pay their bills and be required to give more warning of contractual changes.
Diddy seeks new stars of Facebook generation
Music mogul Sean Diddy Combs wants you -- a music star of the Facebook generation. He does not want a performer who can only sing, dance, or look good on TV , but one who can do all that, and social network.
Oil soars on sharp U.S. inventory draw
Oil surged more than 4 percent on Wednesday after U.S. government data showed a steep drop in crude imports and inventories in top consumer the United States.
3 Vital Business Lessons from Tiger Wood's PGA Loss
You don't have to be a rabid golf fan to know that something just happened in professional golf that was unprecedented and unpredicted: Tiger Woods lost a major golf tournament after leading at the halfway point of thirty-six holes.
Not Your Parents' Gasoline
Gasoline pumps have been labeled as Regular, Midgrade, and Premium based on octane rating for many years, but modern gasoline formulations have many other attributes. Performance and emissions standards that govern how gasoline is made, which have varied over time and by location, affect the production cost of gasoline and its retail price.
Chase Sapphire card aims at wealthy families
JPMorgan Chase & Co. is launching the Chase Sapphire credit card intended for wealthy households with incomes over the $120,000.
Deere shares hit as outlook overshadows results
Deere & Co warned on Wednesday that it would barely break even in the current quarter and that it would cut production by as much as a third because of weak demand for construction equipment and a sharp drop in overseas orders for farm tractors.
Chase Sapphire credit card targets bank's affluent
The largest credit card lender in the U.S., JPMorgan Chase & Co. announced a new credit card dominated by American Express to target consumers with household incomes exceeding $120,000 per year.
VW CEO says synergy plans for Porsche are realistic
Expectations for 700 million euros ($990 million) of annual savings from Volkswagen AG's (VOWG.DE) planned merger with Porsche SE (PSHG_p.DE) were
Oil jumps nearly 5 percent on sharp U.S. inventory draw
Oil surged nearly 5 percent on Wednesday after U.S. government data showed a steep drop in crude imports and inventories in top consumer the United States.
Wall Street up as rebound in oil boosts sentiment
Stocks advanced on Wednesday as a strong rebound in oil prices boosted investors' confidence in the market's run-up, sending major indexes up close to 1 percent.
US gold ends up on dollar drop despite weak jewelry
U.S. gold futures rose toward $950 an ounce Wednesday on the back of an oil rally and weaker dollar, even as an industry report showed that gold jewelry demand fell hard amid a global recession.
Germany may sweeten Opel aid for Magna win: minister
Germany could provide 4.5 billion euros ($6.35 billion) in state aid for carmaker Opel if General Motors chooses Canada's Magna, Berlin's favored suitor, as the buyer, a minister said.
Web tools help protect human rights activists
Chinese human rights activist Shi Tao was sentenced to 10 years in prison in 2005 after authorities tracked him down using data provided by Yahoo.
BHP won't accept Fortescue's iron-ore price with China
BHP Billiton won't accept the iron ore prices reached between Chinese steel mills and Fortescue, Local media reported on Tuesday, citing senior officials of BHP China.
BJ's Wholesale profit falls but beats Wall St view
BJ's Wholesale Club reported a smaller-than-expected decline in quarterly profit on Wednesday and raised its full-year profit outlook, helped by improved margins and expense controls.
Jack Henry shares soar on Q4 results, strong outlook
Jack Henry & Associates Inc shares rose as much as 8 percent on Wednesday to their highest in more than a year, following a better-than-expected quarterly earnings and strong outlook for fiscal 2010.
Central bankers to mull crisis lessons at retreat
Two years after the start of the worst global financial crisis since the Great Depression of the 1930s, policy-makers from around the world gather this week to think about how to prevent it from happening again.
Oil jumps nearly 4 percent on sharp U.S. inventory draw
Oil surged nearly 4 percent on Wednesday after U.S. government data showed a steep drop in crude imports and inventories in top consumer the United States.
Bear Stearns exec ignored conflict warnings: government
A former Bear Stearns Cos hedge fund manager facing an insider trading charge routinely ignored warnings of potential conflicts of interest, and was rebuffed when he tried to pledge some money toward a loan to build a luxury Florida condominium, prosecutors said.
Swiss to reveal UBS accounts to settle U.S. tax fight
Switzerland has agreed to hand over details of about 4,450 UBS AG bank accounts to U.S. authorities to settle a tax dispute that challenged Swiss banking secrecy and now threatens to spill over to other banks.
UBS to detail some U.S. accounts, others face scrutiny
Switzerland will hand over details of about 4,450 UBS AG bank accounts to U.S. authorities, settling a tax dispute that has threatened Swiss banking secrecy, the two governments said on Wednesday.
Mid-Day Minute - August 19
Recovery View Gains Believers; Giving Up Names; Debt Threatens U.S.
Wall Street turns positive on strength in energy
Stock indexes turned higher on Wednesday, erasing earlier losses on strength in crude oil prices after a surprising drawdown in oil stocks.
Report: Not one but TWO Apple Tablets coming Sept. 9
When it comes to Apple's tablet rumor, the plot thickened today.
Germany sweetens Opel aid offer if Magna wins: report
Germany could provide 4.5 billion euros ($6.35 billion) in upfront state aid for carmaker Opel if General Motors picks Canada's Magna, Berlin's favored suitor, as the buyer, a top official said.
Tesla to open powertrain facility in California
U.S. electric car start-up Tesla Motors Inc said on Tuesday that it is opening a new manufacturing facility that will produce powertrain components for its vehicles.
Label hunts hackers who stole Lewis/Timberlake song
Record label SyCo and music trade body IFPI have called in the police to help them hunt down computer hackers who leaked a track by Leona Lewis and Justin Timberlake on the Internet.