GO
Loading...

Legislation

More

  • House Bill to Go After Any Large Financial Firm Tuesday, 3 Nov 2009 | 4:07 PM ET
    Barney Frank

    Rep. Barney Frank says he expects a House bill will allow regulators to dismantle even healthy firms if they've grown so big that they threaten the broader economy.

  • Disgraced financier Bernard Madoff's longtime auditor has entered a guilty plea in a federal court in Manhattan.

  • Amgen Sued Over Alleged Sales Kickback Schemes Friday, 30 Oct 2009 | 2:31 PM ET
    Amgen

    New York Attorney General Andrew Cuomo and 14 other states are filing a lawsuit against Amgen, alleging that the biotech company was offering kickbacks to medical providers to increase the sale of its anemia drug Aranesp.

  • To Rein In Pay, Rein In Wall St. Friday, 30 Oct 2009 | 11:24 AM ET
    Outside the New York Stock Exchange in lower Manhattan.

    If policy makers want to bring down bank pay, they should do something to make the industry more competitive, and to assure that no one expects the taxpayer to again pay all the costs if the industry blows up again. says Floyd Norris in the New York Times.

  • Stanford Investors Could Get 20 Cents on the Dollar Wednesday, 28 Oct 2009 | 9:11 PM ET
    Allen Stanford

    The court-appointed receiver who is trying to unwind the alleged Allen Stanford Ponzi scheme says he has identified $1.5 billion in assets that could be returned to victims.

  • Fed's Power Would Be Curtailed by Financial Reform Bill Wednesday, 28 Oct 2009 | 3:58 PM ET

    The proposed financial reform bill would amend the Federal Reserve Act to take away the central bank’s independent ability to bailout a specific company.

  • A Bitter and Expensive Dodgers Divorce Wednesday, 28 Oct 2009 | 1:55 AM ET
    Frank & Jamie McCourt

    Former Dodgers CEO Jamie McCourt has filed for divorce from her husband of 30 years, Dodgers owner Frank McCourt. In what promises to be a very bitter proceeding, Mrs. McCourt cites irreconcilable differences, and is seeking hundreds of thousands of dollars a month in spousal support.

  • Former ML Exec Is Named Head of UBS Unit Tuesday, 27 Oct 2009 | 3:28 AM ET
    UBS

    Robert McCann, the former head of Merrill Lynch's brokerage unit, was named the head of UBS's private client group.

  • Clock Ticking on Democrats' Health Care Reform Monday, 26 Oct 2009 | 8:35 AM ET

    Time growing short, Democratic leaders in the House and Senate still face key decisions if they are to achieve President Barack Obama's goal of passing legislation to remake the nation's health care system by year's end.

  • Stanford Investors Face Dwindling Hope for Recovery Sunday, 25 Oct 2009 | 9:42 AM ET
    Allen Stanford

    Eight months after he seized control of what was left of their life's savings, a court-appointed attorney in Dallas has finally met with investors in the alleged Stanford Ponzi scheme, CNBC has learned.

  • The central witness in a federal insider trading case against Raj Rajaratnam, founder of the Galleon hedge fund, has a more than 10-year history of passing on privileged information to the fund, according to federal court documents.

  • The growing deficit and broken tax policies are killing job creation and causing long term damage to the middle class of the US, Steve Wynn, chairman and CEO of Wynn Resorts, told CNBC Friday.

  • Law Firms Pay New Hires to Work for Public Good Friday, 23 Oct 2009 | 11:20 AM ET

    If things had gone according to plan, Lindsay Murphy would be a big-city tax lawyer by now. Instead, the recent law school graduate found herself doing legal aid, listening to complaints about raw sewage bubbling up into the bathtubs of a Mississippi Delta housing project.

  • Freddie Mac’s Secrecy Pacts Face Court Test Friday, 23 Oct 2009 | 9:13 AM ET

    One year after the government took over and bailed out Freddie Mac, the giant mortgage finance company, federal regulators are blocking former employees from revealing information to investors who are suing the company for fraud, reports the NYT.

  • Craigslist Wins Fight Over Sex Ads Thursday, 22 Oct 2009 | 12:49 PM ET

    A federal judge tossed out a lawsuit this week that was seeking to have Craigslist pull its “erotic services” ads.

  • Russia Drops $22.5 Billion Suit Against BNY Mellon Thursday, 22 Oct 2009 | 5:22 AM ET

    Russia on Thursday dropped a $22.5 billion lawsuit against Bank of New York Mellon stemming from a decade-old money laundering case involving one of its former executives.

  • Stimulus Spending Has Saved One Million Jobs: Pelosi Wednesday, 21 Oct 2009 | 4:37 PM ET
    Nancy Pelosi

    Responding to criticism that the Obama administration's $787 billion in stimulus spending hasn't done enough to boost employment, House Speaker Nancy Pelosi said the economy would be in much worse shape without it.

  • Volcker Fails to Sell a Bank Strategy Wednesday, 21 Oct 2009 | 12:07 PM ET
    Former U.S. Federal Reserve Chairman Paul Volcker

    Listen to a top economist in the Obama administration describe Paul A. Volcker, the former Federal Reserve chairman who endorsed Mr. Obama early in his election campaign and who stood by his side during the financial crisis.

  • Galleon Preparing to Unwind its Hedge Fund Holdings Wednesday, 21 Oct 2009 | 9:41 AM ET
    Raj Rajaratnam

    Galleon Group is winding down its hedge fund holdings, the company's embattled CEO Raj Rajaratnam said in a statement.

  • US Scientist Accused of Trying to Sell Secrets Tuesday, 20 Oct 2009 | 5:46 AM ET
    Space Shuttle Endeavour

    Prosecutors say a scientist who worked on the cutting edge of moon exploration has been caught trying to sell classified secrets to an FBI agent posing as an Israeli intelligence agent.