After a year of disappointing sales, Volkswagen has replaced the head of its U.S. sales operation. Jonathan Browning has been replaced as CEO of Volkswagen Group of America with Michael Horn, most recently head of the brand's after-sales division and ...
Merrill Lynch agreed to pay $13.8 million in penalties Thursday on charges brought by federal regulators that the bank misled investors in asset-backed securities prior to the financial crisis in 2008.
JPMorgan Chase is close to a $2 billion settlement with federal authorities to avoid prosecution for its failure to properly alert regulators of its suspicions about Ponzi scheme mastermind Bernard Madoff, according to reports.
... Print. * European shares slip, led by banks. * Stronger-than-expected U.S. retail sales data adds pressure. * Cut in Fed stimulus could come as early as next week.
Dec. 12 (Bloomberg) -- U.S. stocks fell a third day, with the Standard & Poor's 500 Index poised for the lowest close in a month, as improving economic data spurred speculation the Federal Reserve will cut stimulus as soon as next week.