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Business News
New 'know your customer' rules proposed for banks
WASHINGTON (AP) -- The U.S. government is proposing new rules for banks and other financial firms aimed at preventing the use of anonymous companies to launder illicit profits....
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Boeing will handle final assembly of 787-10 in SC
NEW YORK (AP) -- Boeing said final assembly of its 787-10 plane, a planned larger version of its "Dreamliner" aircraft, will take place in South Carolina....
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Whole Foods shares fall after sales disappoint
AUSTIN, Texas (AP) -- Whole Foods reported quarterly sales that fell shy of Wall Street expectations and lowered its outlook for the year, raising worries about the intensifying competition the organic and natural products grocer is facing....
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US judge slaps $1.3B fine on Bank of America
NEW YORK (AP) -- A federal judge imposed a $1.3 billion civil penalty against Bank of America on Wednesday for its role in selling risky mortgages to Fannie Mae and Freddie Mac that were advertised as safe investments....
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