NEW YORK - Five years after Ponzi scheme mastermind Bernard Madoff's arrest, his claim that he alone was responsible for the more than $17.3 billion fraud is being demolished in the conspiracy trial of five former employees charged with helping him.
Government regulators have adopted the Volcker Rule, which was created to prevent big banks from trading for their own benefit rather than on behalf of customers.
SYDNEY/MELBOURNE (Reuters) - General Motors Co said it would stop making cars in Australia by 2017 due to high costs and a cripplingly strong currency, fuelling fears rival Toyota Motor Corp will follow suit and put the entire local autos industry at risk.
The dollar edged lower against the yen during Asian trading Wednesday as investors took profits on the greenback's recent gains ahead of next week's Federal Reserve meeting.
Lucky Brand Jeans is coming home again. Los Angeles private-equity firm Leonard Green & Partners has agreed to pay $225 million to acquire Lucky from New York fashion company Fifth & Pacific Cos.