NEW YORK— Shares of Impax Labs sank Tuesday after an FDA inspection uncovered potential problems at a facility where the company will make its experimental Parkinson's disease drug Rytary. Impax has been unable to get marketing approval for Rytary because of problems stemming from FDA inspections.» Read More
Taxpayers are increasingly exposed to losses, and the government is more vulnerable to fraud, under initiatives that have created a federal bank bailout program of "unprecedented scope," a government report finds.
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.
With huge losses from food-poisoning recalls and little oversight from the federal Food and Drug Administration, some sectors of the food industry are cobbling together their own form of regulation in an attempt to reassure consumers.
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.
The head of the Securities and Exchange Commission said Wednesday the agency must do more to tighten oversight of Wall Street's credit-rating industry to help bolster investor confidence.
A Manhattan judge has given investors a green light to go after Bernard Madoff's personal property by forcing the disgraced financier into bankruptcy.
For the last eight weeks, nearly 200 federal examiners have labored inside some of the nation’s biggest banks to determine how those institutions would hold up if the recession deepened, the New York Times reported.
A rollercoaster ride is how you'd best describe markets over the past six months. Violent swings with stocks dropping a heart-stopping 20% in one session. And that's sent investors fleeing to safe haven options.
Joe Magyer, senior analyst at The Motley Fool doesn't see gold as a hot prospect. Gold he thinks, has very little intrinsic value to it – it's basically just a really shiny, malleable metal.
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.
The chief executive of Goldman Sachs said the economic crisis has been "deeply humbling" for financial firms, and that banks receiving taxpayer money need to pay back the funds as soon as possible.
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.
There are many reasons people don’t rob banks. But what if the only consequence of getting caught is that you have to give back half of the money you stole?
In this Web Extra, the traders game market moving events in the week ahead including the start of earnings season. What’s the trade?
The board that sets U.S. accounting standards is giving companies more leeway when valuing assets, providing a potential boost to battered banks' balance sheets.
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.
European Union regulators said Wednesday they would drop a threat to fine MasterCard after the company promised to temporarily cut fees it charges for cross-border card purchases which can hike costs for shops.
Yamaha Motor USA recalled about 120,000 off-highway recreational vehicles for repairs Tuesday, after two models were involved in 46 deaths.
Cramer loves himself a rant, for sure. But not the kind coming from Washington these days.
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.