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California's Top Court to Decide if Scandal-Tarred Reporter Can Practice Law

Should an aspiring attorney with a well-documented history of lying be banned from practicing law?

October Existing-Home Sales Rise Unexpectedly, But Still Weak

Sales of previously owned homes in the U.S. rose in October while the number of homes on the market continued to decline, according to the National Association of Realtors. Although falling property values and near record-low borrowing costs are starting to appeal to homebuyers, a growing trend of last minute cancellation suggests that even those who are looking to buy are worried about the housing market.

Chevron Takes Responsibility for Brazilian Oil Spill, May Face Fines

Chevron Corporation announced it is taking full responsibility for the oil leak that occurred off the coast of Rio de Janeiro two weeks ago.

Electron micrographs of hepatitis C virus purified from cell culture. Scale bar is 50 nanometers. Courtesy of the Center for the Study of Hepatitis C, The Rockefeller University.

Gilead to Buy Biotech Firm Pharmasset for $11 Billion

Gilead Sciences Inc struck a deal to buy Pharmasset Inc for about $11 billion in a huge bet on hepatitis C treatments to diversify its portfolio.

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Tata Motors Releases Upgraded Nano

Tata Motors released an upgraded Nano model, the company said on Monday, as it looks to improve on well below-estimate sales of a product touted as the world's cheapest car.

People walk past a sign of Olympus Corp outside the company's showroom in Tokyo

Olympus: Panel Finds no Criminal Links yet in M&A Deals

Japan's Olympus Corp said on Monday that a third-party panel appointed by the company to look into an accounting scandal has, so far, found no evidence that funds from its M&A deals went to organised crime syndicates or that yakuza gangsters were involved.

Newsmaker: Ex-UBS Star Shakes and Stirs at BofA Asia

When some bankers arrived late for work at Bank of America-Merrill Lynch's Asia headquarters in Hong Kong earlier this year, they found a Post-It note on their computer screens.

Black Friday 2011: Hottest Deals Offered by Staples

Black Friday excitement is in full swing with a number of stores offering attractive deals on high demand products

People walk through the office complex where MF Global Holdings Ltd have an office on 52nd Street in midtown Manhattan New York

Insight: Anger rises as MF Global clients see billions frozen

Three weeks after MF Global's collapse, furious former customers are still fighting for access to billions of dollars as they question why as much as two-thirds of their money is still frozen.

Swiss bank UBS CEO Ermotti attends a news conference in Zurich

UBS Strategy Has Axel Weber's Full Backing, Per Sergio Ermotti: Report

The strategy by the Swiss bank UBS to slash risky assets by almost half and pay its first dividend since the financial crisis has the full backing of Axel Weber, its newly crowned CEO Sergio Ermotti said in a Swiss newspaper on Sunday.

Former P&G CEO John Smale Dead at 84

A Procter & Gamble Co. representative said former company CEO John Smale, 84, died Saturday in Cincinnati. No immediate details regarding his death were revealed.

Luxury and High-Performance Cars Dominate 2011 Los Angeles Auto Show [PHOTOS]

The 10-day-long Los Angeles Auto Show began Friday at the Los Angeles Convention Center, with more than a thousand cars on display, including concept and ecofriendly vehicles.

Audi to Return as Title Defender in 2012 Bathurst 12 Hour Race

Audi has confirmed a top-caliber international driver line-up for the 2012 Armor All Bathurst 12 Hour race, confirming the return of two of the three drivers from the winning combination this year.

FDA Approves Regeneron for Wet Age-Related Macular Degeneration.

Regeneron's Eylea OK'd in U.S. for Treating Wet Age-Related Macular Degeneration

Regeneron Pharmaceuticals Inc.'s Eylea (aflibercept) has been approved for marketing by the U.S. Food and Drug Administration in the treatment of wet age-related macular degeneration.

Victoria’s Secret Flubs T-Shirts, Mixes Up Michigan Schools

Maybe Victoria's Secret should just stick to bras and panties as the lingerie company flubbed its latest T-shirts, mixing up rival Michigan schools.

Goldman Sachs Executives to Face Interviews in Rajat Gupta Case

At least two Goldman Sachs Group Inc executives face potential interviews under oath in connection to Rajat Gupta case.

LivingSocial Seeks to Raise $200 Million from Investors: Report

LivingSocial, an online-deals provider, is looking to raise nearly $200 million from new and old investors, The New York Times reported Friday.

Kingfisher Airlines’ Loss is IndiGo’s Gain

Kingfisher Airlines slipped in market share to the third position in October, ceding ground to budget airline IndiGo.

Wall Street Woes: Citigroup, UBS, BNP All Announce Job Cuts This Week

Citigroup, BNP Paribas and UBS all announced job reductions in this week.

People walk past a newspaper box across from the Chicago Tribune tower in Chicago, Illinois December 8, 2008.

Chicago-Based Tribune Co. Files New Reorganization Plan with Court

The Tribune Co., owner of the Chicago Tribune and Los Angeles Times newspapers, has filed a third reorganization plan with the U.S. Bankruptcy Court in Delaware as the media company attempts to address concerns raised by the court last month.

McDonald's Cuts Ties With Egg Distributors [VIDEO]

McDonald's has stopped buying eggs from the company Sparboe Farms following a video that was released showing animal cruelty and a lack of attention to food safety rules.

A man talks on the phone inside the office complex where MF Global Holdings Ltd have an office on 52nd Street in midtown Manhattan New York

Bidders Queue for MF Global's Stake in the LME: Sources

A raft of bidders -- JPMorgan Chase & Co. among them -- is lining up for failed brokerage MF Global Holdings Ltd.'s stake in the London Metals Exchange, two sources familiar with the situation said, providing some solace for creditors.

CBI Raids Bharti Airtel, Vodafone Offices Today

The Central Bureau of Investigation (CBI) on Saturday conducted searches at Vodafone's Indian unit and Bharti Airtel's offices seeking details on spectrum allocation by the government.

Suzuki, Volkswagen at Loggerheads; Heading for Arbitration

Suzuki Motor Corp and estranged partner Volkswagen seemed headed for arbitration, after VW refused again to sell its 20 percent stake back to the Japanese carmaker.

Coach Inc. Plans to Make China Its Leading Market by 2014

Coach Inc., a New York-based designer and marketer of luxury accessories, is planning major forays into China. The company's aim is to make the country its biggest market by 2014.

Ex-VP of Olympus Questioned by Japanese Prosecutors: Media

Hisashi Mori, an ex-vice president of Japan's disgraced Olympus Corp., has been questioned by Japanese prosecutors on a voluntary basis as part of an investigation into an accounting scandal at the 92-year-old firm, media said Saturday.

UBS's Ex-Banker-Turned-Songbird Pressures Swiss Banks on Tax Issues

A light sentence handed down on Friday for a former top UBS private banker who became a U.S. government informant on wealthy American tax cheats ramps up pressure on the Swiss banking industry.

A woman leaves the office complex where MF Global Holdings Ltd have an office on 52nd Street in midtown Manhattan

Seven Banks Sued over Their Roles in the MF Global Collapse

Seven banks that helped MF Global Holdings Ltd. sell bonds were sued by pension funds who said the bonds' offering prospectuses concealed problems that led to the futures brokerage's collapse.

A Goldman Sachs sign is seen above their booth on the floor of the New York Stock Exchange

Goldman Sachs Group Inc. Names 261 New Managing Directors

Goldman Sachs Group Inc. has promoted 261 employees to managing director positions, according to an internal memo sent this week. It is the lowest number since 259 were promoted to similar positions in 2008.

Merrill Lynch Reportedly Agrees to Pay $315 Million in Mortgage-Backed Securities Settlement

Merrill Lynch has agreed to pay $315 million to settle a class action filed against it on behalf of investors in 18 mortgage-backed securities trusts, according to Reuters.

Brazil: Chevron Oil Leak Larger Than Reported

As much as 300 barrels a day may have leaked from the seeps caused by the company's drilling, says Brazil's environmental protection agency.

Clearwire Shares Tank Amid Fear of Default

Shares of Clearwire Corp. fell as much as 31 percent after the company said it may skip its massive debt payment on Dec.1.

UPS driver T.J. Dellasala delivers two packages from Amazon.com in Boston, Massachusetts

UPS Raising Rates in 2012 by at Least 4.9 Percent

United Parcel Service Inc. (NYSE: UPS) plans to increase 2012 rates by 4.9 percent for ground package shipping, air shipping and, U.S.-origin international shipments, the company announced Friday. New pricing takes effect Jan. 2, 2012.