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  • Merck Plans to Reduce US Sales Force by 1,200 Monday, 5 May 2008 | 4:58 PM ET

    Merck, whose earnings have been hurt by patent expirations and declining sales of its Vytorin cholesterol fighter, said Monday it will eliminate another 1,200 members of its U.S. sales force as part of a restructuring begun in late 2005.

  • Subprime Mortgage Collapse Under Federal Probe Monday, 5 May 2008 | 5:42 AM ET
    Fed Cut and Mortgage

    Federal prosecutors in New York have formed a task force together with other government agencies to examine the collapse of the market for risky home loans, a spokesman for the U.S. Attorney's Office in Brooklyn said Monday.

  • New Credit Card Rules Get Fed, Regulator Backing Friday, 2 May 2008 | 5:17 PM ET
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    The Federal Reserve on Friday joined other U.S. banking regulators in backing new limits on certain billing practices by credit card companies.

  • Merck Warned by FDA over Manufacturing Plant Wednesday, 30 Apr 2008 | 11:51 AM ET

    Merck says it has received a warning letter from the Food and Drug Administration over concerns at one of its major vaccine manufacturing plants.

  • Genentech, Biogen Idec Shares Hit by Study Results Tuesday, 29 Apr 2008 | 12:07 PM ET

    Genentech and Biogen Idec said a key study of Rituxan did not meet its main goal of a response in patients with systemic lupus erythematosus, commonly called lupus.

  • Merck Shares Plunge as Cholesterol Drug Rejected Tuesday, 29 Apr 2008 | 11:20 AM ET
    Merck

    U.S. health regulators have rejected a new drug from Merck that was designed to raise the level of HDL, or "good" cholesterol, the company said, sending its shares plunging more than 10 percent.

  • Short-Seller Charged with Lying about ADS Acquisition Thursday, 24 Apr 2008 | 11:50 AM ET

    U.S. securities regulators said on Thursday they filed a settled complaint against a Wall Street trader accused of intentionally spreading false rumors about the planned acquisition of Alliance Data Systems while selling the stock short.

  • Companies' 'Green' Claims Often Misleading: Experts Tuesday, 22 Apr 2008 | 12:19 PM ET
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    Many companies are guilty of "greenwashing" -- claims that mislead consumers, by words or image, about the environmenal impact of their products, experts say.

  • New York AG Probing Auction-Rate Securities Friday, 18 Apr 2008 | 6:18 AM ET

    New York's attorney general and securities regulators in several U.S. states are probing auction-rate securities and the role Wall Street firms had in enticing investors into the troubled $330 billion market.

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

  • Did Ending Regulation Help Fliers? Thursday, 17 Apr 2008 | 12:24 PM ET
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    Thirty years have passed since the airline industry was deregulated. Has it really worked out as originally envisioned?

  • As You Like It Wednesday, 16 Apr 2008 | 3:41 AM ET
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    ... Burlesque in one Act by the U.S. Securities & Exchange Commission

  • Senate Passes Housing Bill, But More Changes Likely Thursday, 10 Apr 2008 | 12:25 PM ET
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    The Senate has passed a bipartisan measure aimed at boosting the housing market and easing the threat of foreclosures.

  • Goldman Discloses Auction-Rate Probe Wednesday, 9 Apr 2008 | 12:48 PM ET

    Goldman Sachs Group Wednesday disclosed that it has received requests for information from "various governmental agencies and self-regulatory organizations" relating to auction products and the recent failure of such auctions.

  • EU Regulators Approve In-Flight Mobile Calls Monday, 7 Apr 2008 | 8:22 AM ET

    The European Union on Monday opened the way for air travelers to use mobile phones to talk, text or send e-mails on planes throughout Europe's airspace.

  • G7 Leaders May Demand Overhaul of Bank Model Saturday, 5 Apr 2008 | 1:13 PM ET

    1st paragraph of story should go here

  • Southwest Flew Planes with Cracks:  FAA Inspectors Friday, 4 Apr 2008 | 11:28 AM ET
    Southwest Airlines.

    The Federal Aviation Administration may know considerably less about the state of airline safety than it claims, the New York Times reported, citing a parade of witnesses and lawmakers said at a Congressional hearing.

  • SEC Did Not Foresee Bear Cash Crisis Thursday, 3 Apr 2008 | 10:38 AM ET

    Failed Wall Street giant Bear Stearns had enough capital reserves to meet a key international soundness test but the company's liquidity crisis was not foreseen, the head of the U.S. Securities and Exchange Commission told lawmakers Thursday.

  • Judge OKs Probe into Countrywide Practices Thursday, 3 Apr 2008 | 3:52 AM ET

    A federal judge has granted the U.S. Department of Justice wide authority to probe whether Countrywide Financial Corp abuses the bankruptcy process, rejecting the largest U.S. mortgage lender's claim that the ruling could cause havoc for the lending industry.

  • Court Rules Against Sacyr Cash Bid for Eiffage Wednesday, 2 Apr 2008 | 4:18 AM ET

    Spain's Sacyr Vallehermoso will not have to make a $12.5 billion cash takeover bid for French public works firm Eiffage, a Paris court ruled on Wednesday.