Big Banks Pay $5.6 Billion, Plead Guilty To Felonies Over Currency And Rate-Fixing
In one exchange, a broker told a trader, "mate yur getting bloody good at this libor game ... think of me when yur on yur yacht in monaco."
Business
Senate Panel Considers New Constraints On Fed's Emergency Lending
Renee Montagne talks to David Wessel about Congress, the Federal Reserve and banking regulations. Wessel is director of the Hutchins Center on Fiscal and Monetary Policy at the Brookings Institution.
What Does 'Raw' Mean? When It Comes To Almonds, You Might Be Surprised
By law, all California almonds must be pasteurized or treated with a fumigant — processes aimed at preventing foodborne illness. But critics say the treatments taint flavor and mislead consumers.
McMadness: Activists Pile On At McDonald's Shareholders Meeting
From workers calling for higher wages to teachers blasting McDonald's for marketing to kids in schools, a bevy of critics have descended upon the company's headquarters in Illinois this week.
I'd Like To Buy The Emerging World A Coke
The Mad Men finale featured the classic jingle: "I'd like to buy the world a Coke," sung by a globally diverse group. Today, the global market is more important than ever to Big Soda.
U.S. Should Take A Tougher Stand Toward China, Report's Authors Say
Two former U.S. diplomats argue it's time to think of China less as a trading partner and more as a threat. Steve Inskeep talks to Robert Blackwill and Ashley Tellis about a paper they co-wrote.
How A Bigger Lunch Table At Work Can Boost Productivity
Some firms use motion sensors and wireless tags to find out how people actually work. That can yield useful data — like which free snacks tend to attract people to break rooms more than others.
How Medicare Advantage Investors Profited From Loose Government Lips
When the Centers for Medicare and Medicaid Services sent a memo to insurers saying government audit policies could be relaxed, investors privy to the news pounced, sending shares upward.
U.S. Charges 6 Chinese Nationals With Stealing Tech Secrets
A 32-page indictment by federal prosecutors charges the six with economic espionage and trade secret theft. They are accused of stealing wireless technology from a pair of U.S. companies.
'Cartel' Of 4 Big Banks To Plead Guilty To Gaming The Exchange Rate
Four banks agreed to plead guilty to currency manipulation and pay over $5 billion in fines. Officials say the banks used secret codes to manipulate the exchange rate between U.S. dollars and Euros.