Citi to pay $7 billion to settle U.S. mortgage securities probe

- Citigroup Inc has agreed to pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold in the run-up to the financial crisis, including the largest civil fraud penalty ever levied by the U.S. Justice Department.

Recent Top News

Jubilant Germany becomes world champions again

RIO DE JANEIRO - Germany are champions of the world again after snatching victory against Argentina in the soccer showpiece with a superb extra-time goal from baby-faced Mario Goetze to lift the trophy for the first time since 1990. | Video

Sports, Argentina, Germany 11:18am EDT

Shire ready to bow to AbbVie's increased $53 billion offer

LONDON - London-listed drugmaker Shire Plc succumbed to an increased 31 billion pounds ($53 billion) takeover offer from Abbvie Inc on Monday, signaling the conclusion to a long-running courtship largely motivated by tax. | Video

11:55am EDT

Iraqi slaughter swells crowded Shi'ite cemetery

NAJAF Iraq - Responding to an appeal from Shi'ite clerics, Salah al-Wa'ili signed up earlier this month with a militia near Baghdad fighting the Islamist insurgents who have swept through northern Iraq and threatened the capital.

World, United Nations, Iraq 6:48am EDT

China charges GSK-linked investigators for illegally obtaining private information

SHANGHAI - Prosecutors in China have filed charges against British investigator Peter Humphrey and his American wife, the official Xinhua news agency said on Monday, after the couple were detained last year following work they did for British drugmaker GlaxoSmithKline Plc .


Former POW Bergdahl returns to U.S. Army active duty in Texas

WASHINGTON - U.S. Army Sergeant Bowe Bergdahl is transitioning to regular active duty status, having completed therapy and counseling following his return from captivity in Afghanistan, the Defense Department said on Monday.


Nigerian leader tells Malala missing girls to be home soon

ABUJA - Nigerian President Goodluck Jonathan promised on Monday that more than 200 Nigerian schoolgirls kidnapped by Islamist militants would soon return home, teenage Pakistani activist Malala Yousafzai said after meeting him.