DealBook: As Unit Pleads Guilty, UBS Pays $1.5 Billion Over Rate Rigging

UBS, the Swiss banking giant, announced a record settlement with global authorities on Wednesday, agreeing to a combined $1.5 billion in fines for its role in a multiyear scheme to manipulate interest rates.In a sign that officials are increasingly taking a hard line against financial wrongdoing, the Justice Department also secured a guilty plea from the bank’s Japanese subsidiary, sending a warning...

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Hard Times in Spain Force Feuding Couples to Delay Divorce

SABADELL, SPAIN — Esther Fernández, 45, was desperate for a divorce. A hairdresser, she had fallen in love with another man, who was dying of cancer. Her husband, Gaby Cuadrado, 47, had lost his factory job. Selling their house in a depressed market in this sleepy city outside Barcelona was impossible. Neither could afford a second home. They were already struggling to pay their mortgage....

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Boeheim wins 900th; No. 3 Syracuse 72, Detroit 68

SYRACUSE, N.Y. (AP) — Jim Boeheim called it just another number. The message board in the Carrier Dome didn't agree.Moments after his third-ranked Syracuse Orange held off Detroit for a 72-68 victory Monday night in the Gotham Classic, making Boeheim just the third Division I men's coach to reach 900 wins, Hall of Famer Dave Bing, Duke coach Mike Krzyzewski and Louisville's Rick Pitino offered congratulations...

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Recipes for Health: Not-Too-Sweet Wok-Popped Coconut Kettle Corn

Andrew Scrivani for The New York TimesNot-too-sweet coconut kettle corn. I’m usually not a big fan of sweet kettle corn, but I wanted to make a moderately sweet version because some people love it and it is nice to be able to offer a sweet snack for the holidays. I realized after testing this recipe that I do like kettle corn if it isn’t too sweet. The trick to not burning the sugar when you make...

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Influx of Cash in Asia Raises Familiar Worries

HONG KONG — To all the concerns that cloud Asia’s growth prospects next year — the fiscal measures set to take effect in the United States, the euro zone debt crisis and the uncertain growth trajectories of China and Japan — add one more: a renewed flood of cash into some of the region’s more dynamic economies. Asia’s fast-growing economies have weathered a tough 2012 relatively well, and...

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Obama Expected to Name Kerry as Secretary of State

WASHINGTON — President Obama is leaning strongly toward naming John Kerry, the Massachusetts senator and unsuccessful Democratic nominee for president eight years ago, to succeed Hillary Rodham Clinton as secretary of state, according to administration officials and friends of Mr. Kerry. But the announcement will be delayed, at least until later this week and maybe beyond, because of the...

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iPad shipments could reach 100 million in 2013

Apple (AAPL) sold 42.8 million iPad tablets into channels through the first three quarters of 2012 and the most recent estimates suggest the company could ship 26 million more iPads during the holiday quarter. If Apple does manage to hit that record, total iPad shipments on the year would reach 68.8 million units. As impressive as that would be, however, DisplaySearch analyst David Hsieh...

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49ers clinch playoff berth, 41-34 over Patriots

FOXBOROUGH, Mass. (AP) — Jim Harbaugh might have learned more about his San Francisco 49ers during 20 minutes of sleepwalking than at any other time in his two years as their coach.His 49ers turned a nearly historic collapse into a stunning victory and a playoff berth. They withstood a 28-point comeback by the New England Patriots to win 41-34 on Sunday night in the rain."Our team has now hung in...

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Experts Say Thimerosal Ban Would Imperil Global Health Efforts

A group of prominent doctors and public health experts warns in articles to be published Monday in the journal Pediatrics that banning thimerosal, a mercury compound used as a preservative in vaccines, would devastate public health efforts in developing countries. Representatives from governments around the world will meet in Geneva next month in a session convened by the United Nations...

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Newtown has Mixed Feelings About the Media Horde in Its Midst

NEWTOWN, Conn. — Wolf Blitzer understands that his presence here is not appreciated by some local people, who wish that the TV satellite trucks, and the reporters who have taken over the local Starbucks, would go away and leave them to ache, grieve and mourn in peace. But he also knows that the massacre at Sandy Hook Elementary School ranks with the national tragedies he has covered: Oklahoma...

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