They called themselves the Cartel, and that turned out to be an appropriate name.
Citicorp, JP Morgan Chase & Co., and three other global banking giants have agreed to plead guilty to U.S. felony charges for rigging foreign currency exchange rates and pay a total of nearly $5.7 billion in fines as part of settlements announced Wednesday by U.S. and European officials.
Japanese auto supplier Takata Corp. on Tuesday declared that air bags in nearly 34 million vehicles are defective, making it the largest recall of automobiles in history and among the biggest of any U.S. consumer product.
New home construction unexpectedly surged in April to its best level in more than seven years as the housing market rebounded strongly from two weak months largely caused by bad weather.
Industrial production fell in April for the fifth straight month, a sign that economic weakness at the start of the year has continued into the second quarter.
AT&T Inc. and other opponents of tough new federal net neutrality regulations asked a federal court on Wednesday to halt implementation of the most controversial provision until lawsuits challenging the rules are decided.
Nearly everybody, it seems, carries a smartphone. As a result, everything's going mobile.
Verizon Communications Inc. and Sprint Corp. have agreed to pay a combined $158 million, including at least $120 million in consumer refunds, to settle federal and state investigations into allegations mobile customers were improperly billed for premium text messages.