BUENOS AIRES, Argentina— Argentina's tax agency is charging HSBC with helping more than 4,000 Argentines evade taxes by placing their money in secret Swiss accounts. The AFIP said it got its information from France, where HSBC was placed under formal investigation last week for possibly aiding evasion. The AFIP has charged the local branch of HSBC and its...» Read More
SAN DIEGO-- California home prices rose in September to a four-year high as the supply of properties for sale remained tight, according to surveys released Monday. The median price for new and existing houses and condominiums in California reached $287,000, up 15.3 percent from $249,000 in September 2011, DataQuick said.
JACKSON CENTER, Ohio-- Thor Industries Inc. said Monday that a search is under way for a new chief financial officer to replace Christian G. Farman, who has resigned to pursue other interests. Shares of Thor rose 84 cents, or 2.3 percent, to end at $36.88. Since trading at a low of $22.25 last December the stock has steadily risen to recently peak at $37.85.
NEW YORK-- Alterra Capital Holdings Ltd. said Monday that it expects to book third-quarter underwriting losses of $22.5 million related to U.S. crop failures this summer, and $10 million to $15 million from events such as Hurricane Isaac. Alterra provides insurance and reinsurance to companies, governmental groups and other insurers.
WASHINGTON-- Interest rates on short-term Treasury bills rose in Monday's auction with rates on six-month bills rising to the highest level since March 2011. The Treasury Department auctioned $32 billion in three-month bills at a discount rate of 0.105 percent, up from 0.100 percent last week.
GLENVIEW, Ill.-- Illinois Tool Works Inc. said on Monday that CEO David Speer is taking a leave of absence because of health concerns, and it named Vice Chairman E. Scott Santi as acting CEO. Spokeswoman Alison Donnelly declined to provide any details about Speers' condition.
NEW YORK-- Irish drugmaker Jazz Pharmaceuticals PLC said Monday that it completed the sale of its women's health business to Swedish pharmaceutical company Meda AB. Jazz agreed to sell the business to Meda in September for $95 million in cash.
NEW YORK-- Boardwalk Pipeline Partners LP said Monday that a subsidiary has purchased the remaining 65 percent equity interest in PL Midstream LLC from Boardwalk Pipelines Holding Corp. for $269 million. The holding corporation is a wholly owned subsidiary of Loews Corp. and the parent of Boardwalk Pipeline Partners' general partner.
NEW YORK-- Shares of AuRico Gold Inc. rose 4 percent Monday after the Canadian mining company announced preliminary production results from its new mine in northern Ontario. The Ocampo mine produced 21,916 gold equivalent ounces at cash costs of $754 per gold equivalent ounce.
The NCAA announced Monday that it would find new hosts for five championships scheduled to be held in New Jersey next year.
WASHINGTON-- The Department of Justice said Monday that a unit of CVS Caremark Corp. has agreed to pay $5.25 million to settle allegations that it reported false information on prescription drug prices to the government's Medicare program.
ENGLEWOOD, Colo.-- Business information and analytics firm IHS Inc. said Monday that it has added Jean-Paul Montupet to its board. Montupet, 64, is chair of the industrial automation business at Emerson Electric Co. and president of Emerson Europe.
The Justice Department is investigating compensation paid to Bridgepoint Education Inc.' s admissions staff, the for-profit education company disclosed in a regulatory filing Monday. Bridgepoint, based in San Diego, operates schools such as Ashford University and University of the Rockies.
CHARLESTON, S.C.-- A $5 billion Savannah River container ship terminal planned since before the Great Recession may not be needed as early as projected because of the world economic slowdown.
NEW YORK-- Goldman Sachs Group Inc. said Monday that its board appointed Adebayo Ogunlesi as an independent director. Ogunlesi is a graduate of Oxford University, Harvard Law School and Harvard Business School. Goldman Sachs plans to appoint an additional independent director to its board soon.
The bars are made by Creative Energy Foods Inc. The recalled items are thinkThin crunch mixed nuts bars, chocolate dipped mixed nuts bars, white chocolate dipped mixed nuts bars, and caramel chocolate dipped mixed nuts bars.
WALTHAM, Mass.-- ModusLink Global Solutions Inc., which manages corporate supply chains, on Monday said the filing of its annual report for the year ended July 31 will be delayed as the company works through a restatement of past results.
COSTA MESA, Calif.-- Pacific Premier Bancorp. Inc. said Monday that it agreed to buy First Associations Bank in a deal valued at $53.7 million. First Associations had $356.2 million in assets and $305.5 million in deposits as of Sept. 30.
BOSTON-- BlackRock Inc.' s iShares unit is reducing the investment fees charged at six of its largest exchange-traded funds as the biggest ETF provider expands a fee-cutting war that's benefiting cost-conscious investors.
2. "Argo," Warner Bros., $19,458,109, 3,232 locations, $6,020 average, $19,458,109, one week. 4. " Hotel Transylvania," Sony, $17,241,317, 3,375 locations, $5,109 average, $102,133,934, three weeks. 5. "Here Comes the Boom," Sony, $11,816,596, 3,014 locations, $3,921 average, $11,816,596, one week.
CHANDLER, Ariz.-- Chipmaker Microchip Technology Inc. said Monday that its sales for the quarter that ended two weeks ago were below its expectations, due to economic and industry conditions. The Chandler, Ariz., company now expects revenue of $407 million to $408 million. On Aug. 2, it saw revenue in the $412 million to $430 million range.