FDIC acts against Westbridge Bank in Chesterfield

The Federal Deposit Insurance Corp. has ordered Westbridge Bank & Trust stop unsafe practices, improve its management and raise its capital.
The government regulator […]

Local Ponzi scheme alleged

Two Toronto-area businessmen have had all their assets frozen in the United States on allegations that they were operating a Ponzi scheme that deprived investors […]

AIG in talks with U.S. government, sees $60 billion loss: source

American International Group Inc, rescued twice last year by the U.S. government, is asking for more aid and bracing for a fourth-quarter loss of […]

Province to fast-track wind turbine projects

Municipalities will lose the power to decide how close wind turbines can be to residential properties and environmentally sensitive areas under proposed green-energy legislation being […]

Houston companies sign waste oil agreement

Planet Resource Recovery Inc., a developer of environmentally friendly products for remediation and recovery of waste oil, has signed an agreement with Cedar Marine Terminals, […]

Merrill to move most work from Satyam to TCS: report

Merrill Lynch is shifting a majority of its contracts from troubled Indian software firm Satyam Computer Services Ltd() to rival Tata Consultancy Services, the […]

Casino planning to hire 800 employees

The major recruiting effort for Pittsburgh’s Rivers Casino begins in late March with a one-day career fair, where managers in charge of everything from food […]

McDonald’s sales rise 7.1%

McDonald’s Corp. said Monday that worldwide sales at its restaurants open at least 13 months rose 7.1% in January, driven by strength abroad, and […]

Fed Calls Consultants to Treat AIG, Stricken Markets

Every Sunday night, New York bankruptcy lawyer Marshall Huebner spends a 13-hour shift on call as an emergency medical technician. His day job involves […]

U.K. Services Shrank for a Ninth Month in January, CIPS Says

U.K. service industries from banks to airlines contracted for a ninth month in January as the credit squeeze kept the nation mired in the […]