• 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.

  • Do you remember that very strong European Competition czar who battled Microsoft and Intel, accusing them of anti-competitive behavior? The question now is: will she be strong enough to battle Germany’s Angela Merkel?

  • Bernie Madoff

    Federal marshals say Bernard Madoff's Long Island beach house has sold for $9.41 million.

  • Feds to Issue New Medical Marijuana Policy Monday, 19 Oct 2009 | 4:20 AM ET

    Federal drug agents won't pursue pot-smoking patients or their sanctioned suppliers in states that allow medical marijuana, under new legal guidelines to be issued Monday by the Obama administration.

  • UBS Registered Mail Warns US Clients on Tax: Report Sunday, 18 Oct 2009 | 4:52 PM ET
    UBS headquarters in Zurich, Switzerland.

    Swiss bank UBS AG warned U.S. customers by registered mail their account details may be given to U.S. tax authorities, a method that could itself breach secrecy laws, a Swiss paper said on Sunday.

  • BofA, US Officials Meet on Merrill Lynch Deal Friday, 16 Oct 2009 | 3:19 PM ET

    Bank of America executives met today with several government entities in the continuing investigation of what the bank disclosed about losses and bonuses at Merrill Lynch when it acquired the brokerage giant late last year, CNBC has learned.

  • Bill Shields Most Banks From Review Friday, 16 Oct 2009 | 11:34 AM ET
    Barney Frank

    Bowing to political pressure from community bankers, the House Financial Services Committee approved an exemption on Thursday for more than 98 percent of the nation’s banks from oversight by a new agency created to protect consumers from abusive or deceptive credit cards, mortgages and other loans.

  • John Mack

    The financial system needs more efficient regulation that would happen by streamlining, not expanding, the current mechanisms, Morgan Stanley CEO John Mack told CNBC.

  • US House Panel Approves New OTC Derivatives Rules Thursday, 15 Oct 2009 | 10:39 AM ET

    New rules for the largely unpoliced, $450-trillion over-the-counter derivatives market were approved by a key U.S. congressional committee on Thursday in a win for the Obama administration.

  • Supreme Court Will Hear Appeal of Enron's Skilling Tuesday, 13 Oct 2009 | 11:32 AM ET
    Jeffrey Skilling

    The Supreme Court will consider throwing out the convictions of former Enron Chief Executive Officer Jeff Skilling for his role in the collapse of the onetime energy giant.

  • Madoff in Prison Yard Tussle over Stock Market Tuesday, 13 Oct 2009 | 9:16 AM ET
    Federal Bureau of Prison Butner, NC

    Bernard Madoff got into a fight in the prison yard with another inmate over the stock market – and won, the New York Post reported, quoting eyewitnesses.

  • SEC, BofA Reach Agreement over Merrill Disclosure Tuesday, 13 Oct 2009 | 7:27 AM ET

    The Securities and Exchange Commission has entered an agreement with Bank of America over the disclosure of information in the Merrill Lynch bonuses case, the SEC said Tuesday.

  • Hermitage War on Russian Corruption Hits YouTube Tuesday, 13 Oct 2009 | 6:07 AM ET

    William Browder, the founder of Hermitage Capital Management, found a new way to get his allegations of Russian corruption out to the public: YouTube.