King Seen Writing U.K. Inflation Letter as 3% Overshoot Persists - Bloomberg

Bank of England Governor Mervyn King will probably have to write a 10th consecutive letter to Chancellor of the Exchequer George Osborne to explain why […]

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Chinese solar makers reject US dumping ruling

Chinese producers of solar power equipment on Friday rejected an American anti-dumping ruling in a case that threatens to worsen U.S.-Chinese tensions. They warned proposed […]

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World stocks drop as worries over Greece intensify

World stock markets dropped Monday as worries intensified over the condition of the eurozone and whether Greece is edging towards leaving the single currency union.
In […]

JPMorgan suffers big loss

JPMorgan Chase, in a surprise announcement, said Thursday that it has suffered trading losses of $2 billion since the start of April.
The group that […]

AIG inches closer to paying back bailout funds

American International Group posted first-quarter profits on Thursday that rose sharply versus last year, as the bailed-out insurer inches closer to paying back the […]

Postal Service bill faces roadblocks

A Senate bill passed this week to rescue the indebted U.S. Postal Service is drawing fire from key agency officials and House Republican leaders.
And […]

Honda quarterly profit jumps on improved sales

Honda’s January-March profit jumped 61 percent as the Japanese automaker sold more cars and motorcycles in a turnaround from a disaster-battered 2011. It forecast record […]

Fallen China politician’s son defends himself

The son of fallen Chinese politician Bo Xilai is defending himself in an extraordinary letter to Harvard University where he is a graduate student.
Bo Guagua […]

Sprint hit with $300 million tax fraud lawsuit

New York’s attorney general filed a tax fraud lawsuit against Sprint Nextel on Thursday, accusing the wireless carrier of intentionally underpaying sales tax in […]

AP NewsBreak: Competition cuts down Medicare fraud

A yearlong experiment with competitive bidding for power wheelchairs, diabetic supplies and other personal medical equipment produced $200 million in savings for Medicare, and government […]