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Business
Wachovia Bank admits laundering Mexican drug money, pays $160 million in settlement
Wachovia Bank reached a $160 million settlement with the Justice Department over allegations that a failure in bank controls enabled drug traffickers to launder money by transferring money from Mexican currency-exchange houses to the bank.
 The British government announced on Thursday that it was planning to build a $45 billion high speed rail corridor between the cities of London and Birmingham, and eventually to link to the northern cities of Manchester and Leeds. The train's 250 mph speed could reduce the time to travel the distance between London and Birmingham from 84 minutes to 49 minutes, project developers claim. |  A former IT employee has stolen information on 24,000 HSBC customers with Swiss bank accounts, the British bank said Thursday. |
 Mexican telecom tycoon Carlos Slim Helu, named the world's richest man, according to a new ranking published by Forbes magazine on Wednesday. |  In a national referendum on Saturday, Icelanders rejected a plan to repay the U.K. and the Netherlands €3.9 billion ($5.3 billion) lost in the collapse of Icesave bank in 2008. |
Economists Warn New Crisis Looming Over U.S. 03/03/2010 | |
 Two German congressmen suggested on Thursday that Greece should raise money from selling some of its uninhabited islands in order to avoid bankruptcy. |  Another financial crisis, even worse than the current one, is threatening the United States, according to a new report from a group of leading economists, financiers, and former federal regulators. |
Apple sues HTC for patent infringement 03/03/2010 | |
 Apple Inc. filed patent lawsuits against Taiwanese phone maker HTC Corp. on Tuesday, claiming violation 20 of its patents related the iPhone's touch screen technology and other features. |  Warren Buffett, America's most famous, chairman of Berkshire Hathaway Inc., launched an attack Saturday on bank giants' executives, calling for penalties for those who led their companies to near-collapse. |
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