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  • US Regulators to Settle with Ex-Fannie Executives Thursday, 17 Apr 2008 | 10:23 PM ET

    U.S. federal regulators will announce a settlement on Friday with former Fannie Mae  executives over their alleged roles in a 2004 multibillion-dollar accounting scandal, a person familiar with the settlement said on Thursday.

  • Skilling to Appeal 'Egregious' Enron Prosecution Monday, 31 Mar 2008 | 12:33 PM ET
    Former Enron CEO Jeff Skilling (AP Photo/David J. Phillip)

    Attorneys for former Enron CEO Jeffrey Skilling will argue Wednesday that his 2006 conviction should be overturned because of “shocking” and “egregious” misconduct by prosecutors.

  • Biovail and Execs Slapped with Fraud Charges Monday, 24 Mar 2008 | 11:41 AM ET

    The U.S. Securities and Exchange Commission charged Canada's Biovail, two current senior executives and former Chief Executive Eugene Melnyk with engaging in a number of fraudulent accounting schemes, the agency said on Monday.

  • Skilling Attorneys: Feds Withheld Key Evidence Saturday, 15 Mar 2008 | 10:13 AM ET

    Attorneys for jailed former Enron CEO Jeffrey Skilling say the government illegally withheld key evidence that would have proven he is innocent.

  • Fidelity anti-money laundering unit probed? Friday, 14 Mar 2008 | 9:56 AM ET

    A federal grand jury and the Securities and Exchange Commission have been investigating the anti-money laundering practices of Fidelity Investments, according to a report in the Boston Business Journal.

  • Warren Buffett's just-released annual letter to shareholders features a blistering attack on what he calls the "fanciful figures" of Corporate America's accounting, especially when it comes to assumptions about pension fund returns.  He says those assumptions are far too optimistic, designed to boost short-term earnings at the expense of future retirees.

  • AIG Shares Tank After Firm Posts $5.29 Billion Loss Friday, 29 Feb 2008 | 3:50 PM ET

    American International Group shares fell 7 percent on Friday, a day after the world's largest insurer reported a $5.29 billion quarterly loss.

  • Bush Pushes Congress on Stimulus Package Friday, 25 Jan 2008 | 5:19 PM ET

    President Bush urged Congress on Friday to quickly pass an economic stimulus package void of extraneous spending, saying only quick action will kickstart the sputtering economy. "I strongly believe it would be a mistake to delay or derail this bill," Bush said.

  • Supreme Court Upholds Limits on Investor Lawsuits Tuesday, 15 Jan 2008 | 2:41 PM ET

    The Supreme Court upheld a ruling that investors cannot sue third parties such as banks and accounts in cases of securities fraud.

  • New York Launches Intel Antitrust Probe Thursday, 10 Jan 2008 | 1:32 PM ET

    The office of New York Attorney General Andrew Cuomo on Thursday said it launched a formal investigation into Intel to determine whether the world's biggest chipmaker violated state and U.S. antitrust laws to squeeze out its rival, Applied Micro Devices.

  • Murder Accusation Made in Tobias Estate Case Monday, 7 Jan 2008 | 9:46 AM ET

    Attorneys for the brothers of hedge fund manager Seth Tobias say his wife killed him because "Seth was worth substantially more to (her) dead than he was alive, and she knew that."

  • Probe of Bear Stearns Hedge Funds Is Broadened Friday, 4 Jan 2008 | 2:47 PM ET

    The U.S. Attorney's Office in Brooklyn has broadened its investigation into the collapse of two hedge funds that Bear Stearns managed, CNBC has learned.

  • Lawyers Get Big Payday in Tyco Case Thursday, 20 Dec 2007 | 12:35 PM ET

    Lawyers who won a class action suit against Tyco International and PricewaterhouseCoopers will be awarded 14.5 percent of the $3.2 billion settlement, plus nearly $29 million in expenses, a judge has ordered.

  • Ex-newspaper Mogul Black Gets 6.5 Years in Jail Monday, 10 Dec 2007 | 3:03 PM ET
    Conrad Black leaves a federal courthouse in Chicago on Januart 12, 2007.

    A judge sentenced former media mogul Conrad Black to 6-1/2 years in prison for obstructing justice and defrauding shareholders of one-time newspaper publishing giant Hollinger International.

  • VeriFone to Restate Some Results; Shares Plunge Monday, 3 Dec 2007 | 10:45 AM ET

    VeriFone Holdings on Monday said it will restate some financial statements due to errors in accounting related to inventory, which affect the company's reported costs of revenue.

  • New York Funds Take Lead in Countrywide Lawsuits Friday, 30 Nov 2007 | 3:11 PM ET

    A federal judge has named two New York pension funds lead plaintiffs for five class-action lawsuits accusing Countrywide Financial, the largest US mortgage lender, of inflating earnings and overstating its ability to weather the housing slump.

  • Japan Tobacco, Nissin to Acquire Katokichi Wednesday, 21 Nov 2007 | 8:09 PM ET

    Japan Tobacco, instant noodle maker Nissin Food Products and frozen food maker Katokichi announced Thursday a deal under which Japan Tobacco and Nissin will purchase the frozen food producer.

  • Kozlowski Conviction Upheld on Appeal Thursday, 15 Nov 2007 | 2:37 PM ET

    A New York appeals court has upheld the convictions of former Tyco International  senior executives Dennis Kozlowski and Mark Swartz, the court clerk's office said Thursday.

  • Leap Wireless to Restate Results; Shares Plunge Friday, 9 Nov 2007 | 11:42 AM ET

    Leap Wireless International said Friday it will restate results from 2004 to the second quarter of this year, after making errors in reporting revenue and operating expenses, pushing its shares down more than 31 percent.

  • Ex-CEO at Army's Body Armor Maker Arrested Thursday, 25 Oct 2007 | 5:10 PM ET

    Two former officers at a company that supplies body armor to the U.S. Army face charges they inflated the company's stock price and made nearly $200 million in the process.