Citi settles for $7 billion

Citigroup agreed to pay $7 billion to settle a U.S. government investigation into mortgage-backed securities the bank sold in the run-up to the 2008 financial crisis.  Full Article 

Mylan to buy some Abbott drug assets in $5.3 billion deal 9:50am EDT

- Generic drugmaker Mylan Inc said it would buy Abbott Laboratories' specialty and branded generics business in developed markets outside the United States in an all-stock transaction valued at about $5.3 billion.

A Palestinian reacts in front of a fire which police said was caused by an Israeli tank shelling in the industrial area in the east of Gaza City July 12, 2014. REUTERS/Ashraf Amrah

Amidst calls for truce, another drone attack

GAZA/JERUSALEM - Israel said it shot down a drone from Gaza a week into its offensive, the first reported deployment of an unmanned aircraft by Palestinian militants.  Full Article 

People walk past an office of Portuguese bank Banco Espirito Santo in Lisbon June 20, 2014. .REUTERS/Rafael Marchante

Why investors fear a reversal of fortune

World financial markets became reacquainted with fear last week, and even if it was short-lived, the ructions in some riskier assets looked to some like a precursor to a much rougher ride down the road.  Full Article 

A man walks past a row of General Motors vehicles at a Chevrolet dealership on Woodward Avenue in Detroit, Michigan April 1, 2014. REUTERS/Rebecca Cook

GM case focuses on misleading statements

NEW YORK - Federal prosecutors are developing a criminal fraud case hinged on whether General Motors made misleading statements about a deadly ignition switch flaw, and are examining activity dating back a decade, before GM's 2009 bankruptcy.   Full Article 

A member of the Ukrainian police special task force "Kiev-1" patrols in the eastern Ukrainian village of Semenovka near Sloviansk, July 14, 2014. REUTERS/Gleb Garanich

Ukraine says Russian army fighting with rebels

KIEV - Ukraine accused Russian army officers of fighting alongside separatists in the east of the country and said Moscow was once more building up its troops on the joint border.  Full Article 

A picture illustration shows YouTube on a cell phone, in front of a YouTube copyright message regarding a video on an LCD screen, in central Bosnian town of Zenica, early June 18, 2014. REUTERS/Dado Ruvic

YouTube seeks funds for premium content

LOS ANGELES - YouTube has embarked on a new round of discussions with Hollywood and independent producers to fund premium content, a move that could bolster a three-year-old multimillion-dollar effort.  Full Article 

A former Olivetti facility, now occupied by Vodafone, is seen in Ivrea April 2, 2014. REUTERS/Giorgio Perottino

How Italy became a submerging economy

IVREA, Italy - Italy remains Europe's second largest manufacturer after Germany. Yet all fundamentals that drive the economy are headed in the wrong direction.  Full Article 

Agency
Israel claims to shoot down Gaza drone

Israel says it shot down a drone from Gaza, the first reported deployment of an unmanned aircraft by Palestinian militants whose rocket attacks have been regularly intercepted. Jillian Kitchener reports.