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Business/Finance :: Top Story

CFPB Director Richard Cordray

Consumer-Finance Watchdog Probes Overdraft Fees

FINANCE | By Daniel Wagner | Wednesday Feb 22, 2012
The government’s new consumer-watchdog agency is launching a probe into costly overdraft fees charged by big banks.

Appeals Court in Ky. Upholds 1998 Tobacco Deal

LEGAL | By Brett Barrouquere | Wednesday Feb 22, 2012
A three-judge federal appeals panel in Kentucky has turned away a challenge from a defunct cigarette maker to a landmark 1998 national settlement between 46 states and 19 tobacco companies.
Honda Odyssey

Honda Recalling 46,000 Vans to Fix Rear Doors

CORPORATE | Wednesday Feb 22, 2012
Honda is recalling nearly 46,000 Odyssey minivans because the rear doors can fall on people unexpectedly, and have on at least two occasions.
Managing Director of the International Monetary Fund Christine Lagarde, left, speaks with Greek Prime Minister Lucas Papademos

Greece Secures Bailout to Avoid Debt Default

FINANCE | By Sarah DiLorenzo | Tuesday Feb 21, 2012
The countries that use the euro pulled Greece back from an imminent and potentially catastrophic default on Tuesday, when they finally stitched together a €130 billion ($170 billion) rescue they hope will also provide a lifeline to their common currency.

Wal-Mart Takes Controlling Stake of Chinese Site

CORPORATE | Tuesday Feb 21, 2012
Wal-Mart Stores Inc. plans to buy a controlling interest in the fast-growing Chinese online retailer Yihaodian.

Dr. Scholl’s Hoping to Massage Rickety Image

CORPORATE | By Candice Choi | Tuesday Feb 21, 2012
Dr. Scholl’s wants to massage its arthritic image. The 106-year-old company is airing TV ads beginning Monday to recast its orthopedic shoe inserts as "energizing cushions" that help people live life to the fullest.
A gold pot is displayed for sale in a booth from China

China Soon Will Overtake India as Top Gold Market

FINANCE | By Kelvin Chan | Friday Feb 17, 2012
China is poised to overtake India to become the world’s biggest gold market this year as rising incomes fuel demand for the precious metal and a weak rupee diminishes Indian purchases, an industry group said Thursday.

TransUnion to Be Acquired in $3B Deal

CORPORATE | Friday Feb 17, 2012
TransUnion Corp. said Friday that a group led by buyout firm Advent International and a Goldman Sachs investment banking fund has agreed to buy the credit reporting and data company in a deal worth over $3 billion.

Pfizer, Sanofi Agree to Settle EpiPen Suit

LEGAL | Friday Feb 17, 2012
Pfizer and Mylan say they have agreed to settle their patent infringement lawsuit against the French drugmaker Sanofi over pre-filled injections designed to treat severe allergic reactions.

GM Records its Highest Profit Ever: $7.6 billion

CORPORATE | By Tom Krisher | Thursday Feb 16, 2012
General Motors earned its largest profit ever in 2011, two years after it nearly collapsed into financial ruin.

Foreclosure Activity Edges Higher in January

FINANCE | By Alex Veiga | Thursday Feb 16, 2012
Banks took back more U.S. homes in January than in the previous month, the latest sign that foreclosures are accelerating after slowing sharply last year while lenders sorted out foreclosure-abuse claims.