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FDIC settles with former WaMu executives: sources

Three former executives of Washington Mutual Inc have agreed to a payment of about $75 million to settle a lawsuit brought by the Federal Deposit Insurance Corp over their role in the biggest bank failure in U.S. history, two sources familiar with the talks said on Tuesday.

NTSB Recommends Cell Phone Ban for All Drivers

Texting while driving
The recommended national ban wouldn't apply to hands-free devices or to passengers of vehicles. In the past, the NTSB has recommended bans for cell phones and messaging devices for novice drivers, school bus drivers and commercial truck drivers, but this is far more reaching -- potentially impacting every driver on the road.

Wall Street led higher by energy sector

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Stocks rose on Tuesday as energy shares rallied on higher crude oil prices, but trading was volatile after German Chancellor Angela Merkel rejected any suggestion of raising the limit on Europe's bailout fund.
Nordstrom

Nordstrom: Retail Gem - Stock Review

It's an understatement to say that the Great Recession took its toll on department store chains, but there are survivors, and Nordstrom (JWN) is one.
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Europe's Market

Europe's Markets Close Mixed Tuesday After Merkel Comments

European marketss ended mixed Tuesday in thin trade as firmer crude prices boosted energy stocks, although the market cut gains after sources said German Chancellor Angela Merkel was against a raising of the funding limit for Europe's future bailout fund.
Reflections are seen in the window of an AT&T store in New York

AT&T, rivals delay legal fights over T-Mobile

AT&T Inc and Sprint Nextel Corp asked a U.S. court on Tuesday to delay hearings in their private litigation over whether the telecommunications giant can buy T-Mobile USA, and the judge promptly agreed.
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Best Buy's profits squeezed by discounts

Best Buy Co's quarterly profit missed Wall Street estimates as bigger discounts during the key holiday selling season ate into profits at the world's largest electronics chain.
The U.S. Capitol dome in Washington

A Case for Privatizing the Welfare State

Since the 1960s, the United States has spent $16 trillion on the welfare state. This unfathomable price tag is more than our entire national debt, which just recently reached $15 trillion. With social welfare expenditure at about 35 percent of GDP, the obvious question is: Are the benefits outweighing the astronomical costs we pay?
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Cloud tech firm CloudShare sees 2012 sales surge

U.S.-Israeli start-up CloudShare, whose technology enables Web-based development and testing of software applications, expects to as much as triple sales in 2012 as its benefits from the rapidly growing cloud computing market.
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TSX may open higher as commodities firm

- Toronto's main stock index looked set to open higher on Tuesday, taking cues from its U.S. and European counterparts and helped by firmer commodity prices.
San Juan Silver Project

Hecla Acquires 100% of Big Colorado Silver Project

Hecla Mining Co., the largest U.S. silver producer, acquired the remaining 30 percent interest in a prolific Colorado silver project that it did not already own, the Idaho-based company said Tuesday.

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