Global Expansion

BEIJING (AP) _ China's Ping An Insurance Co. said Monday it will record a $2.3 billion loss on its stake in troubled European bank Fortis NV, in the biggest blow yet to a Chinese institution from the global credit crisis. Ping An, one of China's...

In 1964, when the U.S. surgeon general's office published the famed report that officially confirmed the link between smoking and cancer, nearly half of American adults smoked. To understand just how smoky life was back then, watch any episode of Mad...

Chicago hedge-fund operator Citadel Investment Group LLC continued its recent hiring spree, announcing Thursday that it has hired three former senior executives of bankrupt investment banker Lehman Brothers Holdings Inc. In a move Citadel said will...

WASHINGTON (AP) _ U.S. senators began debate Wednesday on a U.S.-India nuclear cooperation accord, nearing a vote that would be the last hurdle to establishing civilian nuclear trade with India after a three-decade atomic ban. The accord, a top...

WASHINGTON (AP) _ The Senate on Wednesday voted to overturn a three-decade ban on atomic trade with India, giving final congressional approval to a landmark U.S.-India nuclear cooperation accord and handing President Bush a rare foreign policy victory...

WASHINGTON (AP) _ Secretary of State Condoleezza Rice will travel Friday to India to commemorate approval of a landmark U.S.-India nuclear cooperation accord, a foreign affairs victory for President Bush's final months in office. The Senate voted 86-13...

Lance Armstrong won his first seven Tour de France titles with Johan Bruyneel as his team director. No way would he try for No. 8 without him. Armstrong said Wednesday he will ride for Bruyneel's Astana team as he seeks to win the 2009 Tour and will...

Approaching their first debate about foreign and national security affairs, John McCain and Barack Obama are struggling for footing in an upturned world in which the United States, for the first time in its history, seeks to maintain global leadership...

J.P Morgan Chase resumed trading with the Chicago hedge fund Citadel Investment Group on Friday after resolving a hiring disagreement, according to a memo sent to J.P. Morgan employees. The investment bank stopped trading with Citadel Thursday, in...

LONDON (AP) _ European governments had to step in with a flurry of major bank bailouts from Iceland to Germany as fear and turmoil from the U.S. credit crisis spread through the financial system. Even as U.S. lawmakers were preparing to vote on a massive...

Here's a look at notable bailouts, past and present, engineered by the federal government: Chrysler The nation's third-largest automaker found itself heading for oblivion in the late 1970s. Its chairman, Lee Iacocca, complained about the costs of...

As mania about banks and insurance companies gripped the markets this week, more than 30 percent of options traded in the country flowed through Citadel Investment Group's market-making division, as well as almost 9 percent of total stock exchange volume,...