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  • Plan to Sell General Motors' Assets Is Approved Monday, 6 Jul 2009 | 12:41 AM ET
    GM Dealership

    A federal judge late on Sunday approved a plan by General Motors to sell its best assets to a new, government-backed company, a crucial step for the automaker to restructure and complete its trip through bankruptcy court.

  • Drug Bust Nets Heroin Stuffed in Build-A-Bear Toys Sunday, 5 Jul 2009 | 10:21 AM ET

    A dozen people have been arrested, and 33 pounds of heroin worth $30 million and stuffed insideBuild-A-Bear toys has been seized in a drug bust in the Bronx.

  • Madoff Gets 150 Years Monday, 29 Jun 2009 | 9:06 PM ET
    Bernard Madoff

    The 150-year prison sentence issued to swindler Bernard Madoff Monday will send a strong signal to other potential perpetrators of fraud and to the financial markets in general, the White House said in a statement Monday.

  • Dow Rallies as Oil Tops $71, Madoff Gets Max Monday, 29 Jun 2009 | 5:21 PM ET

    Stocks rallied Monday as convicted Ponzi swindler Bernie Madoff received the maximum sentence and oil topped $71 a barrel. Plus, there was some window dressing as Tuesday marks the end of the second quarter.

  • Stocks Rally as Oil Tops $71, Madoff Gets Max Monday, 29 Jun 2009 | 2:09 PM ET

    Stocks rallied Monday as convicted Ponzi swindler Bernie Madoff received the maximum sentence and oil topped $71 a barrel.

  • Stocks Rally as Madoff Gets 150 Years Monday, 29 Jun 2009 | 11:43 AM ET

    Stocks rallied Monday as Bernie Madoff received the maximum sentence and oil topped $71 a barrel.

  • High Court: Drug Data-Mining Not Free Speech Monday, 29 Jun 2009 | 10:53 AM ET

    The U.S. Supreme Court declined on Monday to hear an appeal by two publishers of health-care information arguing that data mining for commercial purposes is protected by free-speech rights.

  • Supreme Court Rebuffs Hollywood Anti-DVR Bid Monday, 29 Jun 2009 | 10:40 AM ET

    Hollywood studios and television networks have lost a Supreme Court bid to block the use of a new digital video recorder system that could make it cheaper and easier for viewers to record shows and watch them when they want, without commercials.

  • 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.

  • Futures Higher Before Madoff; Wendy's Pops Monday, 29 Jun 2009 | 8:12 AM ET

    Wall Street eased into a holiday-shortened week with stock index futures pointing to a slightly lower opening Monday.

  • 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.

  • Italy Intercepts Billions in Fake Treasurys Friday, 26 Jun 2009 | 4:52 AM ET

    Ever since two middle-aged men with Japanese passports were caught in Italy this month trying to smuggle a purported $134.5 billion in United States government bearer bonds into Switzerland, the Internet has been abuzz with theories.

  • Stanford in Jail as Prosecutors Protest Bond Thursday, 25 Jun 2009 | 8:09 PM ET

    A federal magistrate in Houston has agreed to release indicted billionaire Allen Stanford on bond, but the release has been delayed while prosecutors appeal the ruling.

  • Stanford Pleads Not Guilty; Trial Set for Aug. 25 Thursday, 25 Jun 2009 | 3:23 PM ET
    Allen Stanford

    Billionaire R. Allen Stanford, who faces charges of fraud and conspiracy on allegations he swindled investors out of $8 billion in an elaborate Ponzi scheme, pleaded not guilty Thursday. The detention hearing will begin shortly.

  • German Senior Citizens ‘Kidnap, Torture’ Advisor Wednesday, 24 Jun 2009 | 7:25 AM ET

    A group of well-to-do German senior citizens, who lost their savings in the credit crunch, staged a revenge attack and held their terrified financial advisor to ransom, according to several published reports Wednesday.

  • 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.

  • Billionaire Stanford Enters Court in Shackles Friday, 19 Jun 2009 | 7:16 PM ET

    Texas billionaire R. Allen Stanford entered a federal courtroom to face charges that he ran a $7  billion Ponzi scheme in shackles, a stark contrast from his usual polished look.  Defense attorneys accused the government of grandstanding.

  • Brash Texas billionaire R. Allen Stanford was indicted and jailed Friday on charges his international banking empire was really just a Ponzi scheme built on lies, bluster and bribery.

  • Are Cookie Dough Concerns Half-Baked? Friday, 19 Jun 2009 | 4:51 PM ET
    Nestle Toll House

    So tell me, who doesn't like to eat the chocolate chip cookie batter before it's baked? But some folks are learning the hard way that it's not a great idea. And Nestle is paying the price.