UBS has agreed to pay some $1.5 billion in fines to international regulators following a probe into the rigging of a key global interest rate. UBS became the second bank, after Britain's Barclays PLC, to settle over the rate-rigging scandal.
There's nothing like a broad-scale consumer boycott, but companies are responding proactively to rapidly shifting attitudes about guns. Whether consumers sustain anger about gun violence for very long will determine whether there's any real shift in markets.
Executives at Cerberus Capital Management, a private equity group, say the Sandy Hook shootings are a "watershed event" and has decided to withdraw its investments in a group of firearms makers, including Bushmaster, Remington and others.
Coal is poised to replace oil as the world's top energy source — possibly in the next five years, according to the International Energy Agency. The rise will be driven largely by growth in China and India, the IEA says, while the only large decline is seen coming in the United States.
Private equity firm, Cerberus, is getting rid of Freedom Group, a company it invested in six years ago. Freedom Group is comprised of several weapons manufacturers, including Bushmaster; a Bushmaster rifle was used in last week's school shooting in Newtown, Conn.
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