BUSINESS

Moody's Investors Service is downgrading the credit ratings for 13 Italian banks three days after cutting the Italian government's bond rating.

Laszlo Csatary,who is responsible for the deportation of almost 16,000 Jews during WWII, has been located in Budapest, Hungary although officials are concerned he won't be prosecuted in the notoriously anti-Semitic country.

United customers staged a rebellion in a Shanghai airport after their flight was cancelled again and again. After being scheduled to leave China on Wednesday, customers finally landed in Newark, New Jersey on Saturday morning. Passengers pulled a customer service representative across the counter by his tie.

At least 75,000 protesters took to the streets of Tokyo to protest plans to restart nuclear energy. By Western standards they are exceedingly mild-mannered, but they question they raise is very serious - the word's third-largest economy may depend on it, in fact

Samsung has already sold more than 6 million units of its Galaxy S3 smartphone in the month of June alone, but that doesn?t mean the company is done pushing its product. A new promotional video from the Korea-based manufacturer showcases the new smart features that accompany its flagship device of the year.

JPMorgan receives another blow even as it flounders in the midst of a FERC power market manipulation probe and talks with U.S. regulators for its alleged involvement in rigging key benchmark interest rates.

Yahoo (Nasdaq: YHOO), the No. 3 search engine, said it had elected Marissa Mayer, the first woman engineer at rival Google (Nasdaq: GOOG) as its third CEO in 10 months.

Ford Motor Company (NYSE: F) joined Toyota in recalling cars because the carpeting got in the way. Ford is recalling 8,266 brand new 2013 Escape cars because the carpet can get in the way and make it hard to put on the brakes.

Boxer Floyd Mayweather, who is currently serving a jail sentence for domestic assault, topped Sports Illustrated's list of the 50 highest-paid American athletes for 2012.

Microsoft (Nasdaq: MSFT), the world's biggest software company, announced a revamp of its Office application, which is designed to operate with the company’s Windows 8 OS.

A World Trade Organization panel ruled Monday that China had discriminated against U.S. bank card suppliers in favor of a state-owned enterprise, a decision U.S. card issuers hope could level the playing field and open up new opportunities to China's $1 trillion electronic payments market.

Taking inspiration from global regulatory investigations into the interest rate manipulation, the U.S. is now building strong evidence of criminal wrongdoings against big banks and individuals ensnared in the heart of the scam.

Chances are you’ve generated some revenue for Active Network (Nasdaq: ACTV), the San Diego-based cloud computer services software developer without knowing it.

Fans have been eagerly awaiting the full roster for “PlayStation All-Stars: Battle Royale,” and two new characters have been unveiled. As expected, Jak and Daxter from the self-titled series have made it into the game along with Cole McGrath of “Infamous.”

The chief executive of New York-based Citigroup Inc. (NYSE:C) had a surprisingly confident outlook for his bank's future business prospects during a conference call with analysts Monday.

The credit default swaps (CDS) market is pricing in a probable default by PSA Peugeot-Citroen (Paris: UG) as the company struggles with the French government to shed 14,000 jobs and close a plant to cut costs and ensure the survival of the troubled European automaker.

The International Monetary Fund on Monday cut its global growth forecast in 2013 in response to Europe's sovereign debt crisis.

Seven witch doctors have been murdered, their brains eaten and their penises turned into soup, according to charges filed against 29 people accused of being part of a cannibal cult living deep within the highland jungles of Papua New Guinea.

Margaret Sullivan, outgoing editor of the Warren Buffett-owned Buffalo News, brings 32 years of journalism experience to her new role as public editor of the New York Times (NYSE: NYT), as the Sulzberger family-controlled paper faces unprecedented financial challenges.

The U.S. travel and tourism industry is looking at a record-setting year, the U.S. Department of Commerce announced Friday, with both spending and visitor numbers well above last year’s figures.

According to the data, the richest 13 towns in Australia are all in Western Australia, an area which has experienced a huge boom in mining owing mostly to China's demand for natural resources.

The world's largest software maker announced late Sunday that it is pulling out of its partnership with MSNBC.com, a move that will allow the company to build its own online news service at a time when more and more consumers are finding their news online.

Up until now, Obama has generally enjoyed broad popularity in India – a country he has long been linked to, both personally and professionally.

The annual Comic Con festival is usually full of surprises for fans of graphic novels, superheroes, video games and any other nerdy niche. Players of the Metal Gear Solid franchise thought they were in for a surprise when a supposed leaked image revealed the alleged logo and taglines for the game's fifth installment. However, Konami has denied that Metal Gear Solid 5 was revealed at Comic Con this weekend, Kotaku reports.

The internal memo, written by outgoing Executive Chairman Marcus Agius, added that customers, clients, shareholders and regulators all have a right to feel let down.

Not much is clear about Tony Blair's new role in South Sudan: Is it humanitarian or an investment? Can he change negative policies or will be grow Juba's stalled economy?

The International Monetary Fund on Monday cut its global growth forecast and warned that the outlook could dim further if policymakers in Europe do not act with enough force and speed to quell their region's debt crisis.

Johnson & Johnson (NYSE: JNJ), the world's second-biggest health care company, is expected to report higher second-quarter profit as strong performance of new drugs help mitigate drags from generic competition and strings of recalls.

65 years after independence from Great Britain, cricket (a foreign import and a remnant of colonialism) is more popular in India and Pakistan than ever.