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The IMF downgraded its world economic outlook and called on policy makers for stronger action to combat risks to the weak recovery.
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Former Barclays operating chief Jerry del Missier said Diamond called him in 2008 to instruct him to lower the bank's Libor submissions but that he didn't view the decision as "improper."
Lobster boats sat dormant Saturday in Vinalhaven, Maine, as fishermen react to low prices.
Lobster prices in Maine have hit a 30-year low for this time of year, prompting some lobstermen to tie up their boats at port. The reason: The warm winter has led to an oversupply of the crustaceans.
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The Dow industrials traded lower, on pace for the seventh decline in eight sessions, after retail sales unexpectedly fell in June.
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U.S. retail sales fell for the third consecutive month in June, the first time that's happened since 2008 and the latest sign of a slowing economy.
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Citigroup's second-quarter profit fell 12% from a year earlier amid a decline in revenue and a smaller benefit from releasing reserves set aside for losses from defaulting loans.
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GlaxoSmithKline agreed to buy Human Genome Sciences for about $3 billion, in a deal that ends Glaxo's months-long hostile pursuit of the U.S. biotechnology company.
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Wages in China are still climbing rapidly and many firms are having trouble filling jobs despite the nation's sharp economic slowdown.
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The euro zone's trade surplus in goods with the rest of the world rose in May, boosted by a 6% increase in exports, but imports were unchanged, highlighting that weak domestic demand continues to weigh on the economy.
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The ECB advocated imposing losses on holders of senior bonds issued by the most severely damaged Spanish savings banks, though finance ministers have for now rejected the approach.
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Barton Biggs, the former chief global strategist for Morgan Stanley, who warned three years before the crash in dot-com companies that stocks were too expensive, has died at 79.
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Republican governors are dropping opposition to imposing sales taxes on online purchases. New Jersey Gov. Chris Christie reached a sales-tax deal with Amazon that will bring distribution facilities to the state.
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Some law firms are trying to save money and boost collaboration by ditching palatial corner offices and installing high-tech meeting rooms in space once occupied by law libraries.
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The North Korean general closest to new dictator Kim Jong Eun was relieved of all of his posts, a sudden move state media attributed to illness but that outside observers believe was a power play.
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Insights on the benefits and limitations of Internet dating services from a Northwestern University professor who has studied them closely.
Microsoft has publicly dismissed Web-based Google Apps as a competitor. But, behind the scenes, Microsoft is stepping up its efforts to halt Google's encroachment on its business-software turf.
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The winners and losers in this high-stakes competition for international attention.
Fans were perplexed by Live Nation's decision to shut down Bruce Springsteen's concert in London's Hyde Park Saturday night, midway through a jam with Paul McCartney—one of the only times the two icons had ever shared a stage publicly.
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Cisco said it bought Virtuata, a closely held security software firm, giving the highly acquisitive networking company new tools related to cloud computing and data-center infrastructure.
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Most Western policy makers agree that senior creditors should in principle suffer losses when governments are forced to intervene in a collapsing bank. The principle is often ignored.
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The U.S. Treasury plans to demand back more than $5 million it granted under the 2009 economic-stimulus package to a Montana power plant that later filed for bankruptcy.
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Gunmen abducted the president of the Libyan Olympic Committee, grabbing him from his car in Tripoli and bundling him into a waiting vehicle.
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Elizabeth Buse, Visa's president for Asia-Pacific, Central Europe, the Middle East and Africa, talks about managing a global portfolio and Asia's promise for Visa and its clients.
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The FDA is investigating how a document-management company inadvertently made public some 75,000 pages of confidential agency files about the approval of medical devices.
From weathered seafood shacks to white-tablecloth restaurants, the best spots for the classic lobster sandwich on Maine's southern coast.
No matter what happens from now on, 2013 will be a very tough year.
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Young players like Jeremy Lin are fun, but Knicks coach Mike Woodson believes titles come with age. Is he right?
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Team gets a sign-and-trade for Raymond Felton, and it looks like Linsanity may be headed to Houston
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There are only 24 certified graders to scrutinize shipments of cocoa beans before they can be certified by one of the world's largest agricultural commodity exchanges.
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The owner of this 11,000-square-foot, lakefront home in northwest Idaho incorporated nature both inside and out of the property with an homage to American Indian art.
Merchants big and small settled litigation against Visa and MasterCard Friday. As a result, merchants will be able to tack on extra fees when shoppers pay with plastic.
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Simple but clever ideas have made America great. Now a small seedless fruit has become an emblem of marketing in our era. Will your local supermarket ever be the same again?
It's not about being smart. The key to getting past unsuccessful moments is a flexible view of learning, writes Ken Bain.
The undead didn't always breed by biting. For that, the mythmakers needed rabies.
A few decades ago a man's car was his castle, and his kids a captive audience. Who's calling the shots now?
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Tourists play with mud on Daecheon Beach in Boryeong, South Korea, during the annual mud festival featuring wrestling, sliding and a mud-king contest.
In today's pictures, a Spanish rider celebrates winning the 14th stage of the Tour de France, astronauts leave Kazakhstan for space, the northern lights light up Minnesota, and more.
Gay-rights activists hold a rally in India, tourists play in the mud during a festival in South Korea, rescuers search for victims at a landslide in China, and more.
About 126,000 people, ready to bring out their inner superheroes and villains, bought tickets to the sold-out 43rd annual Comic-Con festival in San Diego, taking place July 12-15.
Zombie movies have been a staple of popular culture for decades. Here, a handful of highlights, from "Night of the Living Dead" to "I Am Legend."