UBS to pay $1.5B in fines for rate manipulation

Updated 4:30 a.m. GENEVA Switzerland's UBS AG agreed Wednesday to pay some $1.5 billion in fines to international regulators following a probe into the rigging of a key global interest rate. In admitting to fraud, Switzerland's largest bank became the second bank, after Britain's Barclays PLC, to settle over the rate-rigging scandal. The fine, which will be paid to authorities in the U.S., Britain...

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Newtown Settles In for Prayerful, Somber Christmas

Residents of Sandy Hook, Conn., gather every year under an enormous tree in the middle of town to sing carols and light the tree. The tree is lit this year, too, but the scene beneath it is starkly different.The tree looms over hundreds of teddy bears and toys, but they are for children who will never receive them. The ornaments are adorned with names and jarringly recent birth...

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Honor the victims -- with action

President Obama addresses NewtownPresident Obama addresses NewtownPresident Obama addresses NewtownPresident Obama addresses NewtownPresident Obama addresses NewtownPresident Obama addresses NewtownPresident Obama addresses NewtownPresident Obama addresses NewtownPresident Obama addresses NewtownPresident Obama addresses NewtownPresident Obama addresses NewtownPresident Obama addresses NewtownPresident...

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Asian stocks mostly higher on US fiscal hopes

HONG KONG - Asian markets mostly rose Tuesday, taking a lead from Wall Street as dealers grow confident US lawmakers will reach an agreement to avert the fiscal cliff.Continued weakness of the yen helped send Japanese shares surging for a second straight session as Shinzo Abe prepares to take over as prime minister, vowing to press for a more aggressive policy of monetary easing.Tokyo...

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Watch Dallas Mavericks try to sing

on your computer or on the CNN Apps for iPhone® and iPad®. iPhone, iPad and Mac are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc. If you get CNN and HLN at home, you can watch them online and on the go for no additional chargeStart watching ...

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NBC's Engel free after abduction in Syria

Updated at 5:26 a.m. Eastern LONDON NBC News said Tuesday morning that veteran foreign correspondent Richard Engel, two of his colleagues and their security guard were free after five days of captivity at the hands of unidentified assailants in Syria. NBC said in a statement that Engel, who went missing along with his crew on Thursday, was "freed from captors in Syria after a firefight at a checkpoint...

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Conn. Kids Laid to Rest: 'Our Hearts Are With You'

Visibly shaken attendees exiting the funeral today for 6-year-old Noah Pozner, one of 20 children killed in the Connecticut school massacre last week, said they were touched by a story that summed up the first-grader best.His mother, Veronique, would often tell him how much she loved him and he'd respond: "Not as much as I [love] you," said a New York man who attended the funeral...

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Year at helm, Kim Jong Un asserts will

STORY HIGHLIGHTSKim Jong Un has ruled North Korea for one yearHis father, Kim Jong Il died of heart attack on December 17, 2011Younger Kim departs from his father's style, but repression, malnutrition remainSeoul, South Korea (CNN) -- Kim Jong Un cut a somber figure Monday, marking the first anniversary of his father's death. North Korea said Kim Jong Il died of a heart attack from overwork on December...

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Flat to low digit growth for S'pore telco sector in 2013: analysts

SINGAPORE: The three main telco operators in Singapore will have a tough year ahead as analysts expect flat to low single digit revenue growth, despite the rollout of the high speed 4G network.The telcos face slowing industry-wide growth and loss of sales in core voice and data markets as their hip, young, internet-based competitors offering free services are stealing market share.Yet,...

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NFL Week 15: The best photos

The Jacksonville Jaguars observe a moment of silence to honor the victims of the Connecticut school shooting before their game against the Miami Dolphins at Sun Life Stadium on Sunday, December 16. Check out the action from Week 15 of the NFL and then look back at the best photos from Week ...

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