Swiss banking giant UBS AG has agreed to pay $1.5 billion in fines to regulators in the U.S., Britain and Switzerland for its part in a scheme to manipulate the London interbank offered rate (LIBOR), which is used to set rates on contracts around the world.
Gov. Rick Snyder has vetoed a bill that would have allowed concealed pistols to be carried in schools and other places where they had been banned. The Michigan legislature had approved the legislation when its lame-duck session ended Thursday — one day before the Newtown elementary school shootings.
As NPR's Rick Pluta reported for today's Morning Edition, Snyder has said that Friday's tragedy played a role in his consideration of the bill: