Business

Business Verizon Wireless, Sprint settle allegations of bogus charges Verizon Wireless, Sprint settle allegations of bogus charges
Verizon Wireless will pay $90 million and Sprint $68 million to settle charges that the mobile giants allowed phony charges on their customers' monthly bills so they could keep a cut of the profit, federal regulators announced Tuesday.
Business China cuts rates for 3rd time in 6 months to boost economy China cuts rates for 3rd time in 6 months to boost economy
China cut interest rates Sunday for the third time in six months to boost sluggish economic growth and announced that it is giving banks more flexibility in setting rates paid to depositors in a new step to make its financial system more market-oriented.