Originally published on Wed December 4, 2013 1:06 pm
Three Norman Rockwell paintings sold for a combined total of nearly $58 million at a Sotheby's auction Wednesday. The three paintings, which had long been displayed in a Massachusetts museum named for the artist, were among 10 Rockwell works sold at auction today.
By far, the star of the bunch was the 1951 masterpiece Saying Grace, which sold for $46 million â€” a record for Rockwell's art. The price includes a buyer's premium. The AP says the artist's previous record of $15 million had been set by Breaking Home Ties at a 2006 Sotheby's auction.
Originally published on Wed December 4, 2013 11:45 am
European regulators have fined eight large banks a total of more than $2 billion over an illegal cartel scheme to fix interest rates. The fine, the largest ever issued in such a case by the European Union, comes after a two-year investigation into banks' collusion. And the inquiry isn't yet complete.
Two American banks â€” JPMorgan Chase and Citigroup â€” are included in the list of financial institutions fined as part of a settlement deal. Several banks that cooperated with investigators saw their fines reduced or eliminated.
Originally published on Wed December 4, 2013 11:54 am
A report from payroll company ADP finds that "the U.S. private sector added 215,000 jobs during November making it the strongest month for job growth in 2013," says the company's president and chief executive, Carlos Rodriguez.
Originally published on Wed December 4, 2013 12:40 pm
The investigation into the Bronx, N.Y., train crash that killed four people Sunday will continue without the direct involvement of the rail employees union the Association of Commuter Rail Employees. The move was in response to remarks the union's leader made at a Tuesday news conference regarding the train engineer's awareness level moments before a catastrophic derailment.
Originally published on Tue December 3, 2013 6:20 pm
Illinois lawmakers have approved a sweeping plan to close a $100 billion shortfall in the state's pension system, which would cut retirees' benefits. But the legislation faces promised legal challenges from public employee unions.