The Swiss financial regulator broke bank secrecy law last year when it ordered UBS to hand over the files of nearly 300 clients to U.S. authorities, a Swiss court said on Friday.
General Motors named a restructuring firm to run the winding-down of Swedish carmaker Saab on Friday, even as it reviewed several bids which included an offer from Formula One supremo Bernie Ecclestone.
The man who changed rock and roll forever, Elvis Presley, would have turned 75 years old today had he not passed away in 1977. In celebration, his former wife Priscilla Presley and daughter Lisa Marie Presley, attended Elvis' 75th birthday party celebration for free cake and coffee at Graceland Plaza in Memphis.
Democratic leaders in the U.S. House of Representatives briefed party members on Thursday on healthcare talks with the Senate, with competing approaches on taxes and the shape of new insurance exchanges topping the list of priorities.
U.S. regulators plan to ask outside experts to re-evaluate the use of Amgen Inc and Johnson & Johnson anemia drugs when given to patients with chronic kidney disease.
British bid target Cadbury (CBRY.L) will paint an upbeat picture for 2010 and upgrade 2009 forecasts next week in a final attempt to fight off a hostile bid from Kraft Foods (KFT.N), analysts said on Friday.
While some studies have implicated gas appliances in children's risk of respiratory ills, a new report suggests that gas cooking stoves may have only a small effect on most children's lung function.
The United States has made no decision on whether to cancel or sell any of its orders for the H1N1 vaccine, unlike some European countries with a vast oversupply of shots, a federal health official said on Thursday.
Less than a quarter of Americans eats the five daily servings of fruits and vegetables that the National Cancer Institute recommends, but online programs may help boost those numbers, a new study hints.
Fannie Mae, the largest funder of U.S. home mortgages, on Thursday said it is making it easier for some Florida condo buyers to qualify for loans in a bid to stabilize one of the worst-hit real estate markets.
Owners of Stuyvesant Town and Peter Cooper Village, a vast New York apartment complex, will miss a $16 million loan payment on Friday, putting them in technical default on their mortgages, the New York Times said, citing executives briefed on the matter.
Now that Geely Automotive has won the bidding for Sweden's Volvo car unit, China's No. 1 private auto maker is making plans to set up a local production base, according to sources familiar with the company.
U.S. senators on Friday defended American drone aircraft strikes in ally Pakistan, an issue likely to become more volatile if Washington intensifies the attacks to hunt down enemies after the bombing of CIA agents in Afghanistan.
British bid target Cadbury (CBRY.L) will paint an upbeat picture for 2010 and upgrade 2009 forecasts next week in a final attempt to fight off a hostile bid from Kraft Foods (KFT.N), analysts said on Friday.
The Dow and the S&P 500 fell on Friday after an unexpectedly weak employment report cast doubts on prospects for a quick rebound in the labor market.
U.S. employers unexpectedly cut 85,000 jobs in December, government data showed on Friday, cooling optimism on the labor market's recovery and keeping
U.S. electronics chain Best Buy Co Inc on Friday said December same-store sales rose 8.2 percent and it maintained its financial forecast for 2010.
U.S. employers unexpectedly cut 85,000 jobs in December, cooling optimism on the labor market's recovery and keeping pressure on President Barack Obama to find ways to spur job growth.
The U.S. office vacancy rate hit a 15-year high in the fourth quarter and landlords slashed rent last year by the largest amount since at least 1980, real estate research firm Reis Inc said on Friday.
Tribune Co's Los Angeles Times said it would close its printing operations in Orange County, California, resulting in about 80 layoffs, as part of cost-cutting measures.
The U.S. Federal Communications Commission will delay submitting its highly anticipated National Broadband Plan report to Congress by one month to better digest all the data and public input, an FCC official said on Thursday.
Palm Inc will sell upgraded versions of its Pre and Pixi smartphones on January 25 through top U.S. mobile carrier Verizon Wireless, getting its devices into more users' hands.
