The LIBOR scandal -- the latest debacle to send ripples through the global financial system -- centers on the alleged rigging of a somewhat obscure banking survey.

Something happened in the second quarter of 2012 that hadn't happened in two years: Savings accounts actually made money.More specifically, this was the first time since the second quarter of 2010 that inflation dropped below the rate of interest on savings accounts.

The retail giant slashed jobs at the Californian headquarters of its loss-making Fresh & Easy chain.

The British lender is working to repair its image in the wake of the interest-rate rigging scandal but is facing new probes and lawsuits.

Lawmakers called on the Treasury secretary to investigate the Chinese telecommunications equipment maker over allegations it sold a surveillance system and banned U.S. equipment to Iran.

Apple Inc. (AAPL) has agreed to buy fingerprint authentication sensor maker AuthenTec Inc. (AUTH) for about $350 million as the consumer-electronics giant puts a chunk of its massive cash holdings to work.

The coal producer said it was hurt by charges to close some coal mines as it trimmed its sales forecast of steel-making metallurgical coal.

LyondellBasell Industries NV's (LYB) second-quarter earnings fell 4.4% as the plastics and chemical company reported lower-than-expected revenue and forecast continued challenges in Europe.

Singapore Exchange Ltd. (S68.SG) said Friday its fourth-quarter net profit fell 23.2% due to weaker income from its securities business and a currency-related writedown on its investment in the Bombay Stock Exchange.

The poultry company said it saw industry challenges in the second half of the year due to the volatility in the feed ingredient market and tepid spending by consumers.