NEW YORK, April 18- A U.S. bankruptcy judge largely declined on Friday to rule that former American Airlines parent company AMR Corp had a unilateral right to terminate benefits for nearly 47,000 retirees.» Read More
Chinese authorities say the arrests of numerous business executives are part of an anticorruption campaign. But analysts say they're the outgrowth of power struggles within the Communist Party to weaken rivals and their corporate supporters.
A global crackdown on bank secrecy and offshore tax havens is gaining steam due to the worldwide financial crisis, the head of the OECD told CNBC.
The watchdog of the Securities and Exchange Commission has found that three agency exams and two investigations of Bernard Madoff's business were incompetent, despite ample warnings of the multibillion-dollar fraud.
A sophisticated identity theft ring that counted Federal Reserve Chairman Ben Bernanke's wife among its victims didn't stop at stealing money electronically. Authorities say it also sent a woman wearing a variety of wigs into bank branches to drain their accounts in person.
Uncertainty about Sun Microsystems' future appears to have contributed to serious erosion in the company's market share for computer servers in the latest quarter, according to new data being released Wednesday.
Those who see Bernard Madoff as an evil purveyor of excess might be disappointed by his beach house: It's not that palatial.
Protesters, some of them superglued together, surged on the London offices of Royal Bank of Scotland while naked activists occupied parts of Edelman PR company Tuesday, as part of Camp for Climate Action group's protests.
The publicity of an investigation of more than 4,000 overseas bank accounts will likely arouse suspicion among many exes, leading to the reopening of a number of divorce cases. But cheated spouses don't have to wait for IRS notification to confront their suspicions.
With the toll of bank failures surging, regulators are expected Wednesday to ease rules they proposed only last month for private investors seeking to buy failed institutions.
Ex-wives are hot on the heels of the US government in going after thousands of Americans whose secret Swiss bank accounts could soon be open to scrutiny, according to a report from Time Magazine.
There is no doubt the landmark tax deal between the US and Switzerland this week is a success for UBS, Switzerland’s biggest bank by assets under management. But it may turn out to be the beginning of more headaches for the rest of the Swiss banking industry.
Nearly 10 more Swiss and other European banks holding wealthy US citizens accounts were identified using a tax-evasion amnesty program in the US, the Wall Street Journal reported on its Web site Wednesday.
Late Tuesday, a federal appeals court, without explanation, denied Allen Stanford's petition to remove U.S. District Judge David Hittner from his criminal case.
The industry self-regulatory organization that was supposed to police the brokers at the Stanford Financial Group acknowledges it received a tip from an employee in 2003 that the company was running a Ponzi scheme, but did not follow up on it because of the agency's own policy.
Several banks, including two in the U.S., face new scrutiny as investors and regulators try to sort out the alleged Stanford Ponzi scheme, CNBC has learned. At issue: what the banks and regulators knew about massive deposits and withdrawals from Stanford over the years.
One of Allen Stanford's mistresses—whom the accused fraudster euphemistically refers to as "outside wives"—should be held in contempt of court, according to the court-appointed Receiver in the case.
The Waterfront Commission of New York Harbor, created in the 1950s to break the mob’s grip on the docks, became its own bastion of lawlessness, employing some of the same corrupt, self-serving methods as the gangsters it was supposed to pursue, investigators said Tuesday in a scathing report.
His approval ratings slipping, President Barack Obama is retooling his message on his health care overhaul, aiming to win over Americans who already have insurance.
The SEC said Thursday that former American International Group CEO Maurice "Hank" Greenberg agreed to pay a $15 million fine to settle fraud charges.
Pressed by industry lobbyists, White House officials on Wednesday assured drug makers that the administration stood by a behind-the-scenes deal to block any Congressional effort to extract cost savings from them beyond an agreed-upon $80 billion.