May 05

Tough new IRS penalties set to target Russian banks

Russian banks that buy U.S. securities after July 1 will forfeit 30 percent of the interest and dividend payments. The withholding applies to stocks and bonds, including U.S. Treasuries. Some previously owned securities would be exempt from the withholding, but…

The Associated Press and other news outlets reported heavy gunfire and explosions around the eastern city of Slovyansk, where Kiev's army mounted its first major offensive Friday against armed pro-Russian insurgents.

May 02

Obama, Merkel threaten tougher sanctions on Russia

Projecting unity on Ukraine, President Barack Obama and German Chancellor Angela Merkel threatened tougher and broader new sanctions against Russia on Friday if Moscow doesn't quickly change its disruptive behavior. "We will not have a choice but to move forward…

May 02

Obama, Merkel look for united front on Ukraine

As more fighting has broken out in Eastern Ukraine, President Obama and German Chancellor Angela Merkel will be looking for a show of unity on the situation when they meet Friday at the White House. But if you want to…