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UK bank accused of Iran money laundering scheme

August 7, 2012 • BusinessComments Off

FILE – In this Oct. 13, 2010 file photo, a man walks past the Standard Chartered Bank building in Hong Kong. The London-based bank schemed with the Iranian government to launder $250 billion from 2001 to 2007, leaving the United States’ financial system “vulnerable to terrorists,” New York’s financial regulator charged Monday,...

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Former NYSE chairman John Phelan dies at age 81

August 7, 2012 • BusinessComments Off

FILE – This undated file photo provided by the New York Stock Exchange shows former New York Stock Exchange chairman John J. Phelan Jr. Phelan, credited with managing the chaos of the “Black Monday” market crash of 1987, died Saturday, Aug....

Asian stocks up thanks to investor optimism

August 7, 2012 • BusinessComments Off

A man walks by an electronic stock indicator in Tokyo Monday, Aug. 6, 2012. Asian stock markets rose sharply in early trading Monday, boosted by stronger-than-expected U.S. hiring figures for July following three months of weak job gains. (AP Photo/Shizuo...

Little-noticed Olympic event: Haves vs. have-nots

August 7, 2012 • BusinessComments Off

United States’ Lance Brooks competes in the men’s discus qualification during athletics competitions at the 2012 Summer Olympics at the Olympic Stadium in London on Monday, Aug. 6, 2012. (AP Photo/Pawel Kopczynski, Pool) LONDON (AP) — Over his...

Knight avoids collapse with $400 million lifeline

August 7, 2012 • BusinessComments Off

FILE – In this Friday, Aug. 3, 2012 file photo, Knight Capital specialists work at their posts on the floor of the New York Stock Exchange. Knight Capital announced Monday, Aug. 6, 2012, that investors have agreed to supply it with $400 million in...

Jamaica gets rain as TS Ernesto passes to south

August 6, 2012 • BusinessComments Off

Fisherman Daniel Edwards bails his small wooden skiff out in Port Royal, a fishing village just outside of Kingston, Jamaica, Sunday Aug. 5, 2012. Tropical Storm Ernesto is pushing for a brush with Jamaica on Sunday. (AP photo/David McFadden) PORT ROYAL,...

Olympic bracelet helps RI jewelry maker grow

August 6, 2012 • BusinessComments Off

In this photo taken July 26, 2012, Olympic commemorative charms, produced in the U.S. by Rhode Island jeweler Alex and Ani, rest on a table in the company’s factory in Cranston, R.I. Alex and Ani, founded by Carolyn Rafaelian in 2004, has expanded...

Niagara Falls takes broad approach to draw people

August 6, 2012 • BusinessComments Off

FILE – In this Feb. 17, 2012 file photo, effluent from the Niagara Falls Wastewater Treatment Plant is discharged into the Niagara River near the American Falls in Niagara Falls, N.Y. In recent years, for economic reasons, Niagara Falls has thrown open...

Fast growth for Denver's Infinite Monkey Theorem

August 6, 2012 • BusinessComments Off

In this Aug. 3, 2012 photo, Ben Parsons poses for a photograph at his Infinite Monkey Theorem winery in Denver. Last year, the winery started selling some of its wine in slim, handheld aluminum cans, the better for active Colorado drinkers to tuck its wines...

Aging baby boomers face home health care challenge

August 6, 2012 • BusinessComments Off

In this Aug. 1, 2012 photo, Taura Tate, right, a home care aide since 1999, hands Crell Johnson, 76, cut watermelon at Johnson’s apartment in Euclid, Ohio. For the past three years, she has spent four hours each weekday morning caring for Johnson, who...