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  • Investors Compete for a Piece of the Madoff Pie Monday, 29 Jun 2009 | 9:37 AM ET

    Bernard Madoff's victims are  warring over funds from the government-chartered agency that insures brokerage customers, The New York Times reports.

  • Prosecutors Want 150-Year Sentence for Madoff Friday, 26 Jun 2009 | 7:16 PM ET
    Bernie Madoff mugshot

    Disgraced investment manager Bernard Madoff will be seeking leniency at his sentencing on June 29, according to a letter his lawyer filed with US District Court in New York.

  • Stanford in Texas, To Appear in Court Thursday Wednesday, 24 Jun 2009 | 4:21 AM ET

    Allen Stanford is back in his home state of Texas and is being held at a federal detention facility in Conroe, Texas, about 40 miles north of Houston, according to his attorney.

  • Huntsman Settles with 2 Banks for $1.7 Billion Tuesday, 23 Jun 2009 | 4:23 PM ET

    Huntsman said Tuesday two investment banks will pay it a $1.7 billion settlement over its accusation they schemed to scuttle a $6.5 billion buyout of the chemicals maker last year.

  • Madoff Suits Add Details About Fraud Tuesday, 23 Jun 2009 | 10:27 AM ET

    Three lawsuits filed on Monday provided new details about what regulators say went on inside Bernard L. Madoff’s long-running Ponzi scheme, including information about who might have helped perpetuate the fraud for so long.

  • Madoff Lawyer Seeks 12-Year Term for Swindler Tuesday, 23 Jun 2009 | 9:57 AM ET
    Bernie Madoff mugshot

    Disgraced investment manager Bernard Madoff will be seeking leniency at his sentencing on June 29, according to a letter his lawyer filed with US District Court in New York.

  • Settlement Anticipated in UBS Secrecy Case Tuesday, 23 Jun 2009 | 6:01 AM ET
    UBS

    The Justice Department may drop a closely watched legal case aimed at forcing the Swiss bank UBS to divulge the names of 52,000 wealthy American clients suspected of offshore tax evasion, a United States official briefed on the matter said Monday, the New York Times reported.

  • Recession Lesson From a Caveman Thursday, 18 Jun 2009 | 3:21 PM ET

    If you want to ride out the rest of this recession in a cave, that’s fine — just make sure it’s up to code. Just one of the valuable recession lessons you can learn from a caveman!

  • Summers: No Winners Or Losers In Financial Reforms Wednesday, 17 Jun 2009 | 3:13 PM ET
    Treasury Secretary Nominee Lawrence Summers

    National Economic Counsel Advisor Larry Summers told CNBC Tuesday that President Obama's call for new regulations in the financial industry has no winners or losers and is more like a re-organization than creating new agencies

  • Exxon Ordered to Pay Interest on Alaska Spill Award Tuesday, 16 Jun 2009 | 1:25 PM ET
    Exxon Mobile

    Exxon Mobil was ordered Monday to pay about $500 million in interest on punitive damages for the Exxon Valdez oil spill off Alaska, nearly doubling the payout to Alaska Natives, fishermen, business owners and others harmed by the 1989 disaster.

  • President Barack Obama

    President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression.

  • Chrysler and Italy's Fiat urged the US Supreme Court late Tuesday to move quickly on Chrysler's proposed sale to Fiat, saying their government-brokered deal could still unravel if it doesn't close by a June 15 deadline.

  • Gavel

    Exactly a year after swindler Samuel Israel III disappeared, the girlfriend who helped him has been sentenced to four months of home confinement.

  • Money Manager to Plead Guilty in Plane Crash Thursday, 4 Jun 2009 | 4:28 PM ET

    An Indiana money manager is set to plead guilty to charges of crashing an airplane near a Panhandle neighborhood in a botched attempt to fake his own death.

  • Director John Moore, actor Bruce Willis and actor Jai Courtney attend the dedication and unveiling of a new soundstage mural celebrating 25 years of 'Die Hard' at Fox Studio Lot.

    Instead of the latest on Hollywood stars, moviegoers may get a dose of advocacy this month when they settle into their seats for the feature presentation.

  • Investing in Lawsuits, for a Share of the Awards Wednesday, 3 Jun 2009 | 10:12 AM ET

    A small but growing number of investors are using their money back parties in a lawsuit, helping companies avoid some of the risks and costs of litigation in exchange for part of any money paid out when the case is settled or resolved by a court.

  • Stanford Case Examiner Wants Accounts Freeze Lifted Friday, 22 May 2009 | 3:59 PM ET

    An examiner appointed by the court to represent investors is recommending the court lift a freeze on nearly four thousand customer accounts from the Stanford Financial Group.

  • Corporate America's War On The Young Thursday, 21 May 2009 | 11:15 AM ET
    Young Employees

    The war on the young continues, and we keep losing. Not only do young people make less money than our timeworn, seasoned peers, not only is it harder for us to get hired in this atrocious job market, now, to add insult to injury, we're also getting laid-off with more frequency than workers with greater quotas of senescence.

  • Credit Card Bill 'Warning Light' For Creditors: Kanjorski Thursday, 21 May 2009 | 11:02 AM ET

    The credit card reform bill, which passed through Congress Wednesday and is expected to be signed into law by President Barack Obama Friday, will serve as a "warning light" to credit card companies that they can no longer take advantage of consumers, Rep. Paul Kanjorski, D—Pa., said.

  • Supreme Court to Review Sarbanes-Oxley Law Monday, 18 May 2009 | 2:49 PM ET

    The Supreme Court said Monday that it will rule on the constitutionality of the anti-fraud law that grew out of accounting scandals at Enron and other companies.