U.S. and U.K. Propose Plan to Deal With Bank Failures

LONDON — Regulators in the United States and Britain introduced a plan on Monday for averting threats to financial stability when large, cross-border financial institutions fail. The plan, devised by the U.S. Federal Deposit Insurance Corporation and the Bank of England, would allow the regulators to fire executives, force shareholders to take losses and move a company’s operations into...

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North Korea Might Delay Rocket Launch

SEOUL, South Korea — North Korea said on Monday that a technical glitch has been found in the rocket it had planned to launch as early this week but that it still planned to try to put a satellite into orbit by the end of December. North Korea announced early this month that it would launch its Unha-3 rocket between Monday and Dec. 22 to send its Kwangmyongsong satellite into orbit. On Sunday,...

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RIM offers biggest clients incentives to adopt BB10

TORONTO (Reuters) – Research In Motion Ltd on Thursday outlined a program of incentives to encourage its biggest customers to run its soon-to-launch line of BlackBerry 10 devices, seeking to persuade corporations and government users to stick with its secure smartphones.RIM is betting that the devices, to be launched on January 30, will revive its fortunes. That will depend to a large extent on the...

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Singer feared dead in Mexican plane crash

MONTERREY, Mexico (AP) — Mexico's music world mourned Jenni Rivera, the U.S.-born singer presumed killed in a plane crash whose soulful voice and openness about her personal troubles had made her a Mexican-American superstar.Authorities have not confirmed her death, but Rivera's relatives in the U.S. say they have few doubts that she was on the Learjet 25 that disintegrated on impact Sunday in rugged...

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Interest Groups Push to Fill Margins of Health Coverage

The chiropractors were out in force, lobbying for months to get their services included in every state’s package of essential health benefits that will be guaranteed under the new health care law. “We’ve been in constant contact with our state chapters, just telling them, ‘Look, you’ve got to get in the room,’ ” said John Falardeau, senior vice president of government relations at the...

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Bloomberg Weighs Making a Run for Financial Times

Not long ago, The Financial Times would have been the crown jewel of any media company, instantly conferring prestige and influence on its owner. Now, given the likely bidders, one of the world’s most respected and distinctive financial newspapers could end up as a trophy to help sell more computer terminals. Michael R. Bloomberg is weighing the wisdom of buying The Financial Times Group,...

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Syrian Rebels Tied to Al Qaeda Play Key Role in War

Sana Handout, via European Pressphoto AgencyIn May in Damascus, Syrian workers removed debris from two car bombs that were linked to the Qaeda-backed Nusra Front. BAGHDAD — The lone Syrian rebel group with an explicit stamp of approval from Al Qaeda has become one of the uprising’s most effective fighting forces, posing a stark challenge to the United States and other countries that want to support...

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Rolling Stones rock Brooklyn at anniversary gig

NEW YORK (AP) — It sure didn't feel like a farewell.The Rolling Stones — average age 68-plus, if you're counting — were in rollicking form as they rocked the Barclays Center in Brooklyn for 2½ hours Saturday night, their first U.S. show on a mini-tour marking a mind-boggling 50 years as a rock band.And although every time the Stones tour, the inevitable questions arise, — whether it's "The Last Time,"...

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New Taxes to Take Effect to Fund Health Care Law

WASHINGTON — For more than a year, politicians have been fighting over whether to raise taxes on high-income people. They rarely mention that affluent Americans will soon be hit with new taxes adopted as part of the 2010 health care law. The new levies, which take effect in January, include an increase in the payroll tax on wages and a tax on investment income, including interest, dividends...

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Financiers Bet on Rental Housing

DAVID N. MILLER, a master of bailouts, steps to the dais and coolly explains how the financial world went crazy. It is February 2010. The anger behind Occupy Wall Street is building. Flicking through slides, Mr. Miller, a Treasury official working with the department’s $700 billion Troubled Asset Relief Program, lays out what caused the housing bubble: easy credit, shoddy banking, feeble...

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