cuba

ING Pays $619 Million to Settle Sanctions Evasion Case

Dutch bank ING Bank NV will pay $619 million to settle charges that it secretly moved billions of dollars through the U.S. financial system on behalf of Cuban and Iranian customers, in violation of U.S. sanctions.

Cuba's Deepwater Oil Could Be a Game Changer

The delivery of a Chinese-built, Spanish-backed offshore oil rig to Cuban waters has been delayed until summer. But when drilling does begin 90 miles off the Florida coast, it could mean a host of problems -- and opportunities -- on the energy and the political fronts.

Cuba to Lay Off 500,000 Government Workers

Cuba%u2019s government plans to lay off nearly 500,000 workers in the biggest economic changes the country has seen in decades. Cuban officials including Raul Castro have warned for years that the government cannot continue to subsidize all areas of Cuban life, and that some government workers were superfluous.

Legal Briefing: Blagojevich Lied But Not Corrupt

The jury found ex-Illinois Governor Rod Blagojevich guilty of lying to the FBI but deadlocked on the 23 other charges. Because of one hold-out juror, Blagojevich goes free on charges including allegedly selling the President's Senate seat.

U.S. Brings Web, Social Networks to Closed Regimes

The Treasury Department is relaxing rules for Google, Microsoft, Yahoo, and other companies, letting them provide social networking, email, and other web services to citizens in Iran, Sudan, and Cuba, in an effort to help open closed regimes.