DENVER (AP) - Denver-based Quiznos filed for Chapter 11 bankruptcy protection to reduce its debt by more than $400 million. The toasted sandwich chain said Friday that it voluntarily filed to reorganize to implement a pre-packaged restructuring plan.
WASHINGTON - The Federal Reserve's controversial bond-buying program, designed to stimulate the U.S. economy, generated interest income of $90 billion in 2013, an audit of the central bank confirmed Friday.
WASHINGTON - The Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.
The yen rose against the euro and the dollar on Thursday after US Secretary of State John Kerry signalled a possible response from the West if a referendum in Ukraine's Crimea region goes ahead on Sunday.
Consumer confidence in the US unexpectedly dropped in March to a four-month low, indicating household spending may be slow to pick up from a weather-related setback earlier this year.