MILAN, Dec 5- Telecom Italia rebel investor Marco Fossati said on Thursday he was opposed to selling the company's Brazilian mobile unit TIM Participacoes to comply with an antitrust ruling.» Read More
Roger Clemens has been acquitted on all charges by a jury that decided he didn't lie to Congress when he denied using performance-enhancing drugs.
On the eve of his client's sentencing for one of the largest investment scams in history, an attorney for financier Allen Stanford says the fraud was not a Ponzi scheme as prosecutors claim, and that in arguing for a 230-year prison sentence the government is trying to divert attention from the fact that it missed the 2008 financial crisis.
Calling him “a ruthless predator responsible for one of the most egregious frauds in history,” federal prosecutors say Allen Stanford should receive the maximum sentence of 230 years in prison.
U.S. authorities are ratcheting up their investigation of residential mortgage-backed securities — the bundles of mortgages that were at the heart of the 2008 financial crisis. And they are appealing to the public for help.
In a wake of a warning letter sent to them by the FDA, some companies whose pre-workout or weight loss products include the ingredient DMAA, are starting to move on with life without it.
A former managing director for Morgan Stanley has pleaded guilty to a single count of conspiracy in yet another case highlighting the Foreign Corrupt Practices Act—the federal law that makes it a crime to bribe foreign officials.
U.S. securities regulators on Wednesday finalized long-awaited rules that will dictate which companies dealing in derivatives will be subject to costly capital, margin and business conduct requirements.
The IRS has registered active identity theft cases in 22 states since January and says its fraud filters caught 262,000 fake returns in 2011 compared with 49,000 in 2010. Authorities say that's just the tip of the iceberg.
After being rejected by the high court, Jeffery Skilling and his attorney will go back to the original court where he was convicted to file a defense motion for a new trial based on new evidence.
The Supreme Court has rejected another appeal from Jeffrey Skilling, the ex-CEO of disgraced energy giant Enron.
The U.S. government has filed an antitrust lawsuit against Apple and various electronic book publishers, claiming they conspired to raise prices and limit competition.
A federal appeals court said Thursday that a judge likely overstepped his authority when he blocked a $285 million settlement over toxic mortgage securities after concluding that it was bad policy for a regulatory agency to accept a deal that does not include an admission of liability.
U.S. securities regulators took enforcement action against an online trading platform and two private funds offering Facebook shares on Wednesday, the first action in a year-long probe into the lightly regulated world of private company-share trading.
Tuesday's conviction of Texas financier Allen Stanford on 13 out of 14 counts provides a small measure of vindication for investors in the $7 billion Ponzi scheme.
Allen Stanford has been found guilty of 13 out of 14 counts in one of the biggest financial frauds in US history.
The jury in the Allen Stanford fraud trial said Monday it is deadlocked, but the judge told the jury to continue deliberating.
Some of the country’s top luxury brands have been the victims of an elaborate global counterfeiting and smuggling scheme, the Department of Justice said Friday.
FBI agents have arrested research analyst John Kinnucan at his Oregon home on Thursday evening, and is being detained overnight.
The FBI is arresting up to four individuals in its ongoing investigation of insider trading in the hedge fund industry, CNBC has learned.
The agency that insures U.S. brokerage accounts has again rebuffed demands it provide coverage to investors in Allen Stanford's alleged $7 billion Ponzi scheme, making it increasingly likely the issue is headed to court.