The White House dismissed the legal defeat as "interesting to legal theorists," but House Speaker John Boehner said it's further proof that Obamacare "is completely unworkable."» Read More
Nicholas Cosmo, the Long Island man accused of running a $380 million Ponzi scheme will appear in Federal Court in Central Islip, New York on Friday.
The names of several thousand clients who lost money investing with Bernard Madoff have been released in a court filing that reads like a Who's Who: former Los Angeles Dodgers pitcher Sandy Koufax, actor Kevin Bacon and even Madoff's defense lawyer.
The woman who pulled in European money for Bernie Madoff has disappeared from view, the New York Times reports.
U.S. Bankruptcy Judge Burton Lifland on Tuesday approved the transfer of $28.1 million to cover expenses tied to the liquidation of Bernard Madoff's investment firm.
For months I've been covering Yahoo and Google's planned advertising partnership and the controversy surrounding it. After Google CEO Eric Schmidt said they're moving ahead with the partnership even without DOJ approval, the companies are changing their tune.
Indiana has sued Countrywide Financial, becoming the latest state to take the mortgage lender to court over its lending practices.
Belgian brewer InBev said on Monday that U.S. antitrust regulators have asked it for additional information regarding its planned takeover of Budweiser beer maker Anheuser-Busch.
Under pressure from the authorities, UBS is considering whether to divulge the names of up to 20,000 of its well-heeled American clients, the NYT reports.
Richard A. Grasso may be able to keep the staggering $185 million award that once made him a symbol of Wall Street greed — a package awarded to him by the A-list board members at the exchange who eventually fired him, the NYT reports.
The first criminal trial in a mammoth bribery probe at German engineering giant Siemens began on Monday and the prosecutor warned that it should send a signal to corporations that corruption would not be tolerated.
Among the byproducts of the U.S. housing crisis is a surge in scams that cheat people out of their money, their homes, or both, under the guise of offering to rescue them from foreclosure.
German bank HSH Nordbank will sue Swiss UBS to recover “significant” losses on a $500 million portfolio of collateralized debt obligations (CDOs) linked to the U.S. mortgage market, the bank said in a statement on Monday.
A French inquiry into a record 4.9 billion euros ($7.17 billion) trading loss at Societe Generale widened to a second broker on Friday as investigators sought to establish whether rogue trader Jerome Kerviel acted alone.
The U.S. is looking into stock sales by a member of French bank Societe Generale's board shortly before the bank announced billions of dollars in losses by a single trader.
The three largest Internet companies have agreed to pay a combined $31.5 million to settle federal civil allegations they took ads for illegal gambling, the U.S. Attorney for eastern Missouri said.
The U.S. Justice Department and other authorities have stepped up investigations into several large European banks for violating sanctions against Iran, Libya, Cuba and Sudan, the Financial Times reported in its online edition.
White House sources confirm that U.S. Solicitor General Paul Clement will serve as acting Attorney General once Alberto Gonazles leaves the Justice Department in mid-September. And to judge from initial soundings across Washington, no one will be surprised if Clement eventually becomes President Bush's choice to fill the job for the remainder of his term.
Private equity firm Kohlberg Kravis Roberts said in a regulatory filing that weak debt market conditions could cut into its investment returns, and confirmed it is the subject of a U.S. Department of Justice probe for anti-trust violations.
Paul McNulty, deputy attorney general at the U.S. Department of Justice, joined "Power Lunch" to address controversial issues raised after U.S. District Judge Lewis A. Kaplan dismissed charges Monday against 13 former KPMG employees. One of the issues raised during the case was whether companies paid defendants' attorney charges. This policy, McNulty said, was changed in December, and the Justice Department no longer questions who pays the fees.
A U.S. jury Friday found Conrad Black guilty of criminal fraud and obstruction of justice in a grim Friday the 13th verdict that could send the former media baron to jail for up to 35 years.