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Citigroup has agreed to pay $395 million to Freddie Mac to settle claims of potential flaws in mortgages it sold to the firm

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Citigroup has agreed to pay $395 million to Freddie Mac to settle claims of potential flaws in mortgages it sold to the firm. The sum...

Jack Lew said that unless the US is allowed to extend its borrowing limit, the country will be left with about $30 billion to meet its commitments

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Treasury Secretary Jack Lew has warned that he US will hit its debt ceiling by October 17, leaving the government with half the money...

France public debt will hit a record 95.1 percent of GDP in 2014

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The French government has revealed the country’s public debt will hit a record 95.1% of GDP in 2014, above previous estimates, and up from...

Presidents Barack Obama and Bill Clinton have joined forces to promote Obamacare

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Presidents Barack Obama and Bill Clinton have joined forces to promote Obama's healthcare initiative, known as Obamacare, just days before one of its major...

US house prices rose 12.4 percent over the 12 months to the end of July 2013

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According to the latest S&P/Case-Shiller Home Price Index, US house prices rose 12.4% over the 12 months to the end of July, the biggest...

BlackBerry has agreed in principle to be bought by a consortium led by Fairfax Financial for $4.7 billion

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BlackBerry has agreed in principle to be bought by a consortium led by Fairfax Financial for $4.7 billion. BlackBerry has announced in statement that Fairfax,...

Apple said that sales of the iPhone 5S and 5C had beaten previous launches of new phones.

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Nine million iPhone 5S and iPhone 5C have been sold in three days, according to Apple. Apple said that sales of the iPhone 5S and...

Barack Obama has reiterated calls for changes to US gun laws at a memorial service for the victims of last week's shooting at the Washington Navy Yard

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Barack Obama has reiterated calls for changes to US gun laws at a memorial service for the victims of last week's shooting at the...

George Soros got married for the third time on Saturday to his fiancée Tamiko Bolton

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George Soros got married for the third time on Saturday to his fiancée Tamiko Bolton. But who is Tamiko Bolton? Tamiko Bolton, who was raised in...

Angela Merkel has urged her party to celebrate "a super result" after exit polls suggested CDU was set to win a third term

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German Chancellor Angela Merkel has urged her party to celebrate "a super result" after exit polls suggested CDU was set to win a third...

Tamil party has won Sri Lanka’s first elections for a semi-autonomous council in the island's north after decades of ethnic war

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Tamil party has won Sri Lanka’s first elections for a semi-autonomous council in the island's north after decades of ethnic war, official results show. The...

Polls have opened in Germany with Chancellor Angela Merkel vying for a third term in charge of Europe's most powerful economy

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Polls have opened in Germany with Chancellor Angela Merkel vying for a third term in charge of Europe's most powerful economy. Angela Merkel's Christian Democrats...

Bo Xilai has been found guilty of bribery, embezzlement and abuse of power and sentenced to life imprisonment

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Chinese politician Bo Xilai has been found guilty of bribery, embezzlement and abuse of power and sentenced to life imprisonment having the right to...

George Soros is set to marry for the third time to Tamiko Bolton

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George Soros is set to marry for the third time to Tamiko Bolton, a 42-year-old health care consultant, on Saturday at his estate near...

BlackBerry has decided to cut 4,500 jobs in an attempt to staunch huge losses

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BlackBerry has decided to cut 4,500 jobs, or 40% of its worldwide workforce, in an attempt to staunch huge losses. The smartphone maker said it...

Germany's rival parties, CDU and SDP, are in their final day of campaigning ahead of Sunday's parliamentary elections

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Germany's rival parties, CDU and SDP, are in their final day of campaigning ahead of Sunday's parliamentary elections. Polls suggest Chancellor Angela Merkel's Christian Democratic...

German Chancellor Angela Merkel is an unusually private and reticent politician

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German Chancellor Angela Merkel is an unusually private and reticent politician - there is no exhibitionism and grandstanding. Even for Germans, Angela Merkel is a...

Jay Z and Beyoncé have topped Forbes magazine's World's Highest Paid Celebrity Couples list in 2013

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Jay Z and Beyoncé have topped Forbes magazine's World's Highest Paid Celebrity Couples list in 2013. Beyoncé and Jay Z - who also owns record...

The Empire State Building was opened during the Great Depression in 1931 and was the world's tallest building until 1972

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The Empire State Building’s owners are planning to sell shares in the company, according to paperwork filed with regulators. Empire State Realty Trust is aiming...

he House of Representatives voted to cut nearly $4 billion from food stamp funding

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The House of Representatives voted to cut nearly $4 billion from food stamp funding even after Democrat Rep. Jackie Speier used some congressional dinner...

JP Morgan Chase has agreed to pay four regulators $920 million relating to a $6.2 billion loss incurred as a result of the "London Whale" trades

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JP Morgan Chase has agreed to pay four regulators $920 million relating to a $6.2 billion loss incurred as a result of the "London...

Beanie Babies toys creator Ty Warner could face up to five years in prison after agreeing to admit a charge of tax evasion

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Beanie Babies toys creator Ty Warner could face up to five years in prison after agreeing to admit a charge of tax evasion. Federal prosecutors...

Alcon allegedly bribed doctors in over 200 hospitals in China to promote its lens implants

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Swiss drugmaker Novartis says it is investigating claims that its eye care unit, Alcon, bribed doctors in over 200 hospitals in China to promote...

Tony Abbott has been sworn in as Australia's prime minister

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Tony Abbott has been sworn in as Australia's prime minister after his Liberal-National coalition ended six years of Labor government. Tony Abbott, 55, took the...

Ron Shaich is currently attempting to live on just $4.50 a day as part of a campaign to show what it’s like for the millions of Americans who depend on food stamps

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Ron Shaich - the millionaire founder and CEO of the Panera Bread chain - is currently attempting to live on just $4.50 a day...