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  • 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.

  • Stanford To Have Texas Hearing, Declared Flight Risk Friday, 19 Jun 2009 | 2:50 PM ET
    Allen Stanford

    Magistrate Hannah Lauck (Lock) agreed with prosecutors during a hearing Friday in Richmond, Va., that Stanford poses a flight risk and ordered a detention hearing.

  • Bash or Bolster? Bank Bosses on Obama Blueprint Friday, 19 Jun 2009 | 1:03 PM ET

    President Obama's proposed financial reform has sparked a debate among lawmakers and members of the financial sector. Some argue that the plan's creation of a separate consumer protection agency will cause unnecessary confusion, while others say it  will give the Federal Reserve too much power. CNBC talked to the experts for their opinion on the proposal.

  • Democrats Scramble to Cut Costs From Health Plan Friday, 19 Jun 2009 | 12:10 PM ET
    Stethescope and money

    The high cost of securing health insurance for all Americans, the top domestic priority of President Obama, has Congressional Democrats scrambling to scale back their proposals or find ways to trim tens of billions of dollars a year from existing health programs.

  • Billionaire Stanford to Appear in Federal Court Friday, 19 Jun 2009 | 10:27 AM ET

    At least five individuals, including Texas financier Allen Stanford, have been arrested following a sweeping federal indictment over an alleged $8 billion Ponzi scheme, CNBC had learned. Stanford and the others are expected to appear before federal magistrates in three states Friday.

  • 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!

  • Stanford Receiver Rejects Motion Against Law Firm Thursday, 18 Jun 2009 | 12:40 PM ET

    The court-appointed Receiver in the Stanford case, Ralph Janvey, discounted last night's motion by Stanford's attorneys to disqualify the law firm of Baker Botts, one of Janvey's main law firms.

  • 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

  • Soros: Separate Trading from Commercial Banking Wednesday, 17 Jun 2009 | 4:09 AM ET
    George Soros

    The financial reform should include some way of separating banks' proprietary trading from commercial banking, although a return to regulation similar to the Glass-Steagall Act would be impractical, legendary investor George Soros wrote in the Financial Times.

  • 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.

  • Historic Anti-Smoking Bill Gives FDA New Powers Friday, 12 Jun 2009 | 6:24 PM ET
    Tobacco

    Historic anti-smoking legislation sped to final congressional passage on Friday— after a bitter fight lasting nearly a half-century— and lawmakers and the White House quickly declared it would save the lives of thousands of smokers of all ages.

  • FDA Wins Unprecedented Power to Regulate Tobacco Thursday, 11 Jun 2009 | 3:54 PM ET
    Tobacco

    The Senate has voted to give the government extensive new powers to decide how tobacco companies will make and market their products. Supporters say that could spare millions from smoking addiction and premature death.

  • Gavel

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

  • How Companies Exploited a Flawed Tax Break Plan Friday, 5 Jun 2009 | 10:25 AM ET

    Of the $299 billion companies brought back from foreign subsidiaries, ostensibly for a reinvestment program, about 92 percent went to shareholders, the New York Times reports.

  • 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.

  • Cocaine Flap Could Give Red Bull Sales 'Wings' Wednesday, 3 Jun 2009 | 2:39 PM ET
    Red Bull Cans

    Red Bull fans once hyped the popular energy drink as "liquid cocaine." They may have been on to something. The latest buzz about Red Bull is a widening controversy over whether its products actually contain traces of the illegal drug.

  • Cocaine Traces Found in Red Bull in Hong Kong Wednesday, 3 Jun 2009 | 6:44 AM ET

    Hong Kong officials said they found traces of cocaine in cans of energy drink Red Bull, Agence France Press reported Tuesday.

  • US Inquiry Into Hiring at High-Tech Companies Wednesday, 3 Jun 2009 | 4:25 AM ET

    The Justice Department has begun an investigation into whether the recruiting practices of some of the largest technology companies violated antitrust laws, according to two people with knowledge of the investigation, the New York Times reported.

  • The New Car-Buying Landscape Wednesday, 27 May 2009 | 11:43 AM ET

    From bankruptcies to new emissions standards, here's what you need to know if you're thinking of buying a car right now.