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Former WaMu execs agree to settle FDIC lawsuit: report

Former Washington Mutual Inc executives agreed to settle a lawsuit for less than 10 percent of the $900 million originally sought by the FDIC for their role in the biggest bank failure in U.S. history, the Wall Street Journal said, citing people familiar with the situation.

Japan urges EU to make more convincing efforts

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Japanese Finance Minister Jun Azumi on Tuesday urged Europe to make further efforts to convince markets of its resolve to overcome the region's debt crisis and expressed caution about any potential Japan contribution to a rescue fund through the IMF.
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Exclusive: Freeport Indonesia union to sign deal to end

Freeport McMoRan Copper & Gold Inc and its Indonesian workers' union expect to sign a pay deal on Tuesday to end a three-month strike that has crippled production at the world's second-biggest copper mine, two sources told Reuters.
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Greenpeace activists hold a mock party opposite the venue where the United Nations Climate Change Conference (COP17) is being held, in Durban December 10, 2011.

Durban deal may do little to cool heating planet

The world is forecast to grow hotter, sea levels to rise, intense weather to wreak even more destruction and the new deal struck by governments in Durban to cut greenhouse gas emissions will do little to lessen that damage.
Hyundai Elantra

U.S. Auto Sales Jumped 7 Percent in November: Report

Chrysler and Hyundai led the way for strong automotive sales in the United States in October, as sales continue to rebound from recession slumps, according to analysis from the Great American Group released Monday.
Euro coins are seen in this photo illustration taken in Rome

EU Debt Summit Fails to Satisfy Ratings Agencies

Investors were bracing for a possible mass downgrade of euro zone countries as soon as this week after EU leaders failed to come up with decisive measures to tackle the region's debt crisis.
Donald Trump

Donald Trump: My Debate Is Controlling the Republican Race [VIDEO]

Here we go again: Donald Trump is ridiculously inflating his influence on the Republican presidential campaign. Trump, whose Dec. 27 debate was snubbed by five out of seven candidates last week, is now claiming that he has changed the entire direction of the race.
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Adtran to buy NSN broadband access unit

Struggling telecom network equipment maker Nokia Siemens Networks has agreed to sell its fixed-line Broadband Access business unit to U.S. firm Adtran as part of a revamp of its operations.
Pfizer

Pfizer Boosts Dividend by 10%; Announces Stock Repurchases

Shares of Pfizer (NSYE: PFE) were trading Monday after the news down 1.17 percent, or 23 cents, to $20.32 at 3 p.m. Eastern Time. The stock was among the most actively traded on the NYSE. But the market as a whole was trading down on concerns that the latest Eurozone plan won't help the continent avert financial crisis.
U.S. President Barack Obama meets Iraqi Prime Minister Nuri al-Maliki in the White House in Washington

Obama Meets Iraq's Maliki at White House on Monday

As U.S. troops prepare for departure from Iraq, President Barack Obama and Iraqi Prime Minister Nouri al-Maliki met at the White House Monday for talks focusing on the future relationship between the two countries.

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