WASHINGTON, Dec 9- The U.S. Supreme Court on Monday extended the time it will take to hear a case challenging White House recess appointments to the National Labor Relations Board and granted the Senate's top Republican 15 minutes during the Jan. 13 oral arguments.» Read More
Former New York Governor Eliot Spitzer hasn’t learned a thing from his recent ordeals and has destroyed as much value as anybody else in America, Kenneth Langone, former director of the New York Stock Exchange, told CNBC Tuesday.
Former Enron CEO Jeffrey Skilling is appealing his 2006 conviction to the Supreme Court. In a 50-page petition filed Monday afternoon, Skilling's attorneys argue the conviction should be overturned because he did not put his own interest above Enron's as the government claimed, and because the Houston jury that convicted him was prejudiced by "pervasive media coverage."
Bernard Madoff's longtime secretary says she believes the disgraced financier is not cooperating with authorities to protect others.
Allen Stanford, the Texas billionaire facing civil fraud charges, attempted to turn himself in at the federal courthouse in Houston on Thursday, but was turned away because there is no warrant for his arrest, his lawyer said.
Federal regulators have won a court order freezing the assets of financier Danny Pang, whom they accuse of defrauding investors of hundreds of millions of dollars.
The trustee unraveling Bernard Madoff's Ponzi scheme is threatening legal action to recover $735 million from investors who unwittingly made money off the swindle.
An in-depth look at what life is like in pirate territory, with CNBC's Erin Burnett reporting from Cairo, Egypt.
Accused fraudster Allen Stanford is asking a federal court to lift a freeze on $10 million of his assets to pay for his legal defense.
Accused fraudster R. Allen Stanford "intends to fight" the civil charges against him, and is the victim of "unconstitutional" conduct by the federal government. Those words are in a letter to Stanford's employees—obtained by CNBC—written by Kathy Stoelker, the mother of Stanford's girlfriend.
The court-appointed receiver in the case of Texas financier R. Allen Stanford is suing 66 former employees of the firm, trying to recover $40 million dollars for victims of the alleged scam.
Somali pirates vowed to hunt down American ships and kill their sailors Wednesday and French forces detained 11 other hijackers in a high-seas raid, raising tensions a day after an abortive attack on a U.S. freighter loaded with food aid.
Somali pirates fired grenades and automatic weapons at an American freighter loaded with food aid but the ship managed to escape the attack and was heading Wednesday to Kenya under U.S. Navy escort, officials said.
Somali pirates captured four ships and took more than 60 crew members hostage in a brazen hijacking spree, while the American captain freed from their grip planned to reunite with his crew and fly home Wednesday to the United States.
A Manhattan judge has given investors a green light to go after Bernard Madoff's personal property by forcing the disgraced financier into bankruptcy.
The Long Island law student who is suing Bernie Madoff''s brother over the loss of his trust fund has a new and unlikely adversary: the bankruptcy trustee who is representing Bernie Madoff's creditors.
U.S. securities regulators will consider about 4 proposals to restrict short selling, a type of investing blamed for accelerating the severe downturn in financial services stocks.
The House is set to pass legislation that would for the first time give the Food and Drug Administration the authority to regulate cigarettes and other tobacco products.
Former Enron CEO Jeffrey Skilling will be resentenced July 30, after an appeals court earlier this year ruled his 24 year sentence was too harsh.
A House panel endorsed a gentler approach Thursday to trying to stop bailed-out financial institutions from giving their employees big bonuses, as lawmakers indicated they were willing to put down their pitch forks and partner with industry to salvage the economy.
Key Democratic lawmakers are pushing legislation that would block creditors charging high interest rates on credit cards from collecting from consumers in bankruptcy proceedings.