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Business News
Glaxo paying $20M to resolve SEC charges of China bribery
WASHINGTON (AP) -- GlaxoSmithKline PLC has agreed to pay $20 million to resolve U.S. regulators' allegations that the pharmaceutical giant's China operations bribed officials to boost drug sales....
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Allegiant says it has met FAA's safety-related concerns
DALLAS (AP) -- Federal aviation officials are satisfied that Allegiant Air is taking steps to address problems that inspectors found during a three-month review of the low-cost airline....
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Penney offers refunds on questionable towels, comforter set
NEW YORK (AP) -- Starting Wednesday, J.C. Penney Co. says it will be offering refunds to shoppers who purchased certain towels and a comforter set though it still is unable to figure out whether they're actual knockoffs....
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IMF leader cites 'historic milestone' for China
WASHINGTON (AP) -- Christine Lagarde, the managing director of the International Monetary Fund, is calling the inclusion of China's renminbi as the fifth currency in an elite group of the world's reserve currencies an "important and historic milestone" for the international financial system....
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