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Former Barclays Officer Blames Regulators

LONDON (UPI) — Barclays’ former chief operating officer told a British government panel Libor manipulation began with a request from bank regulators. “I expected that the Bank of England’s views would be incorporated into our Libor submissions. The views would have resulted in lower submissions,” former executive Jerry del Missier told a parliamentary hearing Monday. […]

CFPB To Monitor Credit Report Firms

WASHINGTON (UPI) — The U.S. Consumer Financial Protection Bureau said Monday it would oversee credit reporting companies, putting them under federal oversight for the first time. “Credit reporting is at the heart of our lending systems and enables many of us to get credit, afford a home or get an education,” said agency director Richard […]

Angry Birds Creator Unveils New Game

ESPOO, Finland (UPI) — The Finnish company behind the popular Angry Birds game has released its new offering, Amazing Alex, in hopes of creating another games franchise, analysts say. The physics-based game released Thursday — in which players manipulate objects to bounce, jump, ricochet, fall and collide with each other to achieve a goal — […]

Producer Prices Up 0.1 Percent In June

WASHINGTON (UPI) — Producer prices for finished goods increased 0.1 percent in June, the U.S. Labor Department said Friday. A report by the U.S. Bureau of Labor Statistics said the increase was led by the index for finished goods. Prices for consumer foods rose 0.5 percent while the index for energy goods declined 0.9 percent. […]

Forecasters Seeing Signs Of Economic Life

WASHINGTON (UPI) — U.S. economic forecasters say lower oil prices and gains in the automotive and housing sectors offer signs the economy will improve slightly in coming months. The New York Times said Friday economists expect growth to pick up over the next few months although the pace will remain sluggish. The consulting group Macroeconomic […]

JPMorgan Chase Boosts Loss Estimate

NEW YORK (UPI) — JPMorgan Chase says losses from a massive trading blunder in the bank’s London have reached $5.8 billion and could go as high as $7 billion. The bank Friday said it will be forced to restate its first-quarter results after it was discovered traders may have been trying to hide the losses […]

Peregrine CEO Arrested

CHICAGO (UPI) — Russell Wasendorf Sr., chief executive of Peregrine Financial Group Inc.,based in Iowa, was arrested Friday for allegedly lying to regulators, prosecutors said. Wasendorf’s first court appearance was scheduled for Friday in Cedar Rapids, Iowa, The Wall Street Journal reported. He is accused of making false statements to federal commodities market regulators regarding […]

FAA: Delta Faces Fines For Slow Repairs

WASHINGTON, (UPI) — U.S. airline regulators said Wednesday Delta Airlines could be fined almost $1 million for postponing repairs on two planes while the aircraft kept flying. In one case, the Federal Aviation Administration has assessed a fine of $687,500, CNN reported. It involves a Boeing 737 with chips in the nose cone in the […]

Companies Partner For Border Security

SCOTTSDALE, Ariz., (UPI) — A long-term partnering for border protection and security systems has been agreed to by General Dynamics C4 Systems and EADS North America. The agreement basically marries General Dynamics’ border protection systems with EADS sensor and radar capabilities and, they say, a “perfect match” for systems such as the Integrated Fixed Tower […]

Chevy Offers Money-Back Guarantee

DETROIT, (UPI) — General Motors is upping the incentives to get cars off U.S. dealership lots, including a money-back guarantee on Chevrolets, auto analysts say. GM has announced no-haggle pricing for its 2012 Chevys at participating dealers and is giving customers up to two months to return most models for a a cash refund, the […]


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