DealBook: UBS Described as Near Deal With U.S. and Britain on Rate Rigging

UBS, the Swiss banking giant, is close to reaching settlements with American and British authorities over the manipulation of interest rates, the latest case in a multiyear investigation that has rattled the financial industry and spurred a public outcry for broad reform.UBS is expected to pay more than $450 million to settle claims that some employees reported false rates to increase the bank’s profit,...

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Obama Is Taking Himself and #My2K to Twitter This Afternoon

What a day for Twitter! First the Pope, then the Royal Baby, and now President Obama will come online to answer questions about the fiscal cliff. A @WhiteHouse tweet with the distincitive “-bo” signature, announced not long ago that the big guy himself will be taking questions online, starting at 2:00 p.m. ET.Good to see lots of folks on twitter speaking out on extending middle class tax cuts. I’ll...

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A-Rod needs hip surgery, will miss season's start

NASHVILLE, Tenn. (AP) — Alex Rodriguez will have surgery on his left hip and will miss the start of the season and possibly the entire first half.Rodriguez has a torn labrum, bone impingement and a cyst, the Yankees said Monday. The third baseman will need to follow a pre-surgery program over the next four-to-six weeks, and the team anticipates he will be sidelined four-to-six months after the operation....

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Software Programs Help Doctors Diagnose, but Can’t Replace Them

SAN FRANCISCO — The man on stage had his audience of 600 mesmerized. Over the course of 45 minutes, the tension grew. Finally, the moment of truth arrived, and the room was silent with anticipation. At last he spoke. “Lymphoma with secondary hemophagocytic syndrome,” he said. The crowd erupted in applause. Professionals in every field revere their superstars, and in medicine the best...

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DealBook: UBS Described as Near Deal With U.S. and Britain on Rate Rigging

UBS, the Swiss banking giant, is close to reaching settlements with American and British authorities over the manipulation of interest rates, the latest case in a multiyear investigation that has rattled the financial industry and spurred a public outcry for broad reform.UBS is expected to pay more than $450 million to settle claims that some employees reported false rates to increase the bank’s profit,...

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In Damascus, Tense Anticipation of Strongest Push Yet by Rebels

Joseph Eid/Agence France-Presse — Getty ImagesDistant explosions have awakened a sense of foreboding even in the tranquil Old City. BEIRUT, Lebanon — As Syrian rebels and government forces clashed on the outskirts of Damascus on Saturday, with explosions rumbling in the distance and warplanes screeching overhead, the rebels appeared to be making their strongest push toward the city since the government...

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Apple to sell new iPads, iPhone 5 in China in Dec.

CUPERTINO, Calif. (AP) — Apple Inc. on Friday said its latest iPad models will go on sale in China on Dec. 7, followed by the iPhone 5 a week later.China is one of Apple‘s largest and fastest-growing markets. Analyst Brian White at Topeka Capital Markets said iPhone 5 is launching roughly when he expected it, but he hadn’t expected the iPad mini and the fourth-generation, full-size iPad to go on sale...

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KC fans observe moment for violence victims

KANSAS CITY, Mo. (AP) — Before the Kansas City Chiefs kicked off their game Sunday, fans at Arrowhead Stadium observed a moment of silence for the victims of domestic violence and their families.Not mentioned was Jovan Belcher, the Chiefs linebacker who killed his girlfriend and then himself a day earlier, across the parking lot from the stadium.Barely more than 24 hours later, fans grilled, played...

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Opinion: A Health Insurance Detective Story

I’VE had a long career as a business journalist, beginning at Forbes and including eight years as the editor of Money, a personal finance magazine. But I’ve never faced a more confounding reporting challenge than the one I’m engaged in now: What will I pay next year for the pill that controls my blood cancer? After making more than 70 phone calls to 16 organizations over the past few weeks,...

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Airbus Parent Expected to Alter Base of Its Investors

PARIS — The board of European Aeronautic Defense & Space, the parent company of Airbus, was expected Monday to announce a significant restructuring of its core shareholder base that would give the German government a direct stake in the group equal to that of France. The restructuring, which was the subject of a board meeting late Sunday, would dissolve a decade-old agreement that gave...

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