Business

French Bank To Pay $8.83 Billion In Sanctions Probe

2:24pm July 01, 2014

by Jim Zarroli

BNP Paribas pleaded guilty to violating U.S. sanctions law. It admitted that it helped clients in Sudan and other countries evade U.S. trade embargoes through its New York office.

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Supreme Court Refuses To Hear Oyster Farm's Appeal

2:24pm July 01, 2014

For decades Drake's Bay Oyster Co. leased offshore seabeds from the federal government. The lease expired in 2012 and an extension was denied. Company officials had been fighting the denial in court.

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GM Recalls Another 8.5 Million Vehicles

2:24pm July 01, 2014

The company cited new ignition switch problems and other issues, mostly in older midsize cars. The recall comes on the heels of an announcement about payments to families of those killed in crashes.

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Own A South Dakota Prairie Town For $400,000

2:24pm July 01, 2014

The owner of Swett, S.D. — population 2 — put the whole town on the market last week. By "whole" we mean 6 acres, including a bar, a workshop, three trailers and a single house.

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BNP Paribas Agrees To Nearly $9 Billion Fine And Admission Of Guilt

7:30pm June 30, 2014

by Jim Zarroli

The French banking giant BNP Paribas will pay a penalty of nearly $9 billion and plead guilty to criminal charges for doing business with countries sanctioned by the U.S.

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World News

Australia Joins Flood Of Global Investment In Silicon Valley

5:07pm June 30, 2014

Silicon Valley's dynamic economy is attracting investors from all over the world — and Australia's getting in on the game. Ozy.com co-founder Carlos Watson explains why Australia is investing now.

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Delta, Alaska Airlines Fight For Market Share In Seattle

1:32pm June 30, 2014

by Tom Banse

Delta Air Lines is building up its Seattle operation into a gateway to Asia. That's good for Western travelers but not so good for the bottom line of Delta's partner, Seattle-based Alaska Airlines.

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National

Supreme Court Ruling Affirms Hobby Lobby Victory

1:32pm June 30, 2014

by Nina Totenberg

The court ruled Monday in a case asking whether family-owned businesses that offer employees health insurance must include contraception in their plans if they object to some forms of it.

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One of three marijuana plants growing in the backyard of a 65-year-old retiree from Pompano Beach, Fla. He grows and smokes his own "happy grass" to alleviate pain.

Entrepreneurs Buzzing Over Medical Marijuana In Florida

9:57am June 30, 2014

by Greg Allen

Polls show that Sunshine State voters are likely to approve a measure legalizing medical marijuana in November. Businesses are already flocking to the state, eager to set up shop.

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Former Treasury Secretary Henry Paulson says he hopes a new study can influence the business community by applying the science of risk management.

Latest Climate Change Report Paints Dire Picture For Business

9:30am June 30, 2014

by John Ydstie

The economy faces great risks from climate change, according to a study by a bipartisan group of former business leaders and public officials. It predicts harsh consequences if action isn't taken.

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