A scramble to replace LIBOR is under way

SITTING in his office in the Wrigley Building overlooking the Chicago river in 2012, Richard Sandor, who has spent his career inventing financial products, was reading about the scandals surrounding the London Interbank Offered Rate (LIBOR), an array of interest rates set daily by a club of banks in Britain and used to price trillions […]

A budget supermarket is selling ready-made scrambled eggs for $2 a portion — but you could scramble fresh eggs in the time it takes to heat them up

Iceland British budget supermarket Iceland just launched ready-made scrambled eggs. The eggs come in a microwaveable pouch and cost £1.50 ($ 2) per 250g portion. Iceland says the product was developed for workers and students who were short on time, skill, or workplace cooking facilities. People on social media were quick to condemn the product […]

LeBron James isn’t talking to the Cavs, and it puts them in a bind as they scramble to find ways to keep him

Kirk Irwin/Getty LeBron James is approaching a deadline to decide whether or not to become a free agent. James has not been in contact with the Cavs, making their efforts to keep him all the more challenging. The Cavs are in the dark about ways to improve the roster without clear […]

The NFL Draft always turns into a scramble for quarterbacks, and this year might be more insane than usual

David Zalubowski/AP The NFL Draft typically turns into a race for the top quarterbacks, as teams look for answers at the game’s most crucial position. ESPN’s Mel Kiper projects teams will draft four QBs with the first five picks and five among the first 15. There could still be some movement, with teams looking for […]

US investors scramble to keep Russians from taking over refineries from Texas to Maine

Group of investors from the US are seeking White House approval to obtain the 49.9 percent collateral in the Venezuela-owned American refiner Citgo currently held by Russia’s oil major Rosneft, Reuters reports. Read more The measure is reportedly aimed at preventing the Russian state-run company from seizing nearly half of the Texas-based refiner in case […]

LIVE: Republicans scramble to put the finishing touches on their tax bill before final vote

Alex Wong/Getty Images The Senate is aiming for a final vote on the gigantic Republican tax bill on Friday. While Republicans are still arguing over details, it appears they have enough votes. The bill would make huge changes to business and individual taxes. The final vote on the massive Senate Republican tax bill is fast […]