UBS to pay $1.5B in fines for rate manipulation

GENEVA Swiss bank UBS has agreed to pay $1.53 billion in fines to resolve allegations that it helped manipulate the benchmark LIBOR interest rate. UBS announced Wednesday that its board of directors has authorized settlements with U.S., Swiss and British financial regulatory agencies. Switzerland's largest bank is one of several leading banks under investigation over the possible manipulation...

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Newtown Settles In for Prayerful, Somber Christmas

Residents of Sandy Hook, Conn., gather every year under an enormous tree in the middle of town to sing carols and light the tree. The tree is lit this year, too, but the scene beneath it is starkly different.The tree looms over hundreds of teddy bears and toys, but they are for children who will never receive them. The ornaments are adorned with names and jarringly recent birth...

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Fungal frog killer hops into crayfish

Crayfish are vulnerable to the same fungus that is killing frogs all over the world. The discovery helps explain how the disease spreads even after all the amphibians in an area have been wiped out. Worryingly, chemicals released by the fungus may alone be enough to kill. ...

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Malaysia Airlines to buy 36 turboprop planes

KUALA LUMPUR: Malaysia Airlines on Tuesday said it will buy 36 new ATR turboprop aircraft for 3.0 billion ringgit ($916 million) as it looks to further expand its regional and domestic networks.Of the 36 ATR-72-600 planes, the carrier said 20 will go to subsidiary Firefly, which is fast expanding its lucrative routes, while 16 are for MASwings which flies to Sarawak and Sabah on Borneo...

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Watch Dallas Mavericks try to sing

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Obama moves on taxes in latest "cliff" counter-proposal

President Obama gave up Monday on his demand for higher taxes on households earning $250,000 and upped it to $400,000 while embracing smaller cost-of-living Social Security raises in a counter-proposal to House Speaker John Boehner meant to narrow differences and forge a pre-Christmas "fiscal cliff" deal. Mr. Obama and Boehner met for nearly an hour in the Oval Office on Monday and sources familiar...

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Conn. Kids Laid to Rest: 'Our Hearts Are With You'

Visibly shaken attendees exiting the funeral today for 6-year-old Noah Pozner, one of 20 children killed in the Connecticut school massacre last week, said they were touched by a story that summed up the first-grader best.His mother, Veronique, would often tell him how much she loved him and he'd respond: "Not as much as I [love] you," said a New York man who attended the funeral...

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How human biology can prevent drug deaths

Thousands of people die from adverse effects of medicines that have been tested on animals. There is a better way, say geneticist Kathy Archibald and pharmacologist Robert Coleman ADVERSE drug reactions are a major cause of death, killing 197,000 people annually in the European Union and upwards of 100,000...

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Myanmar courts wary investors on port project

YANGON: Myanmar is seeking to drum up investment in a stalled multi-billion-dollar sea port project at the heart of the former junta-ruled country's efforts to revive its impoverished economy.Thai Prime Minister Yingluck Shinawatra and a host of Thai business leaders flew to Dawei on Myanmar's southern Andaman coast for talks with President Thein Sein and other officials about the joint...

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NFL Week 15: The best photos

The Jacksonville Jaguars observe a moment of silence to honor the victims of the Connecticut school shooting before their game against the Miami Dolphins at Sun Life Stadium on Sunday, December 16. Check out the action from Week 15 of the NFL and then look back at the best photos from Week ...

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