GO
Loading...

Legislation

More

  • Indiana Sues Countrywide Over Lending Practices Monday, 25 Aug 2008 | 6:41 AM ET

    Indiana has sued Countrywide Financial, becoming the latest state to take the mortgage lender to court over its lending practices.

  • Merrill and Goldman Sachs Settle Auction-Debt Probe Thursday, 21 Aug 2008 | 6:11 PM ET

    Three more more financial firms, including Merrill Lynch and Goldman Sachs, reached settlements over the sale of auction-rate securities, a $330 billion market that collapsed in February.

  • Merrill's Thain, Cuomo Discuss Auction-Rate Probe Thursday, 21 Aug 2008 | 4:27 PM ET

    Merrill Lynch CEO John Thain met with New York Attorney General Andrew Cuomo on Thursday in an attempt to reach a settlement of the auction-rate securities probe, CNBC has learned.

  • Merrill Settles With Massachusetts on Auction Debt Thursday, 21 Aug 2008 | 1:27 PM ET

    Merrill Lynch reached a settlement with Massachusetts over auction-rate securities, the latest in a string a accords between regulators and Wall Street firms over the $330 billion market that collapsed in February

  • Cuomo Threatens to Sue Merrill Over Auction-Rate Debt Thursday, 21 Aug 2008 | 9:52 AM ET

    Merrill Lynch has until Friday to settle an auction-rate securities case with New York Attorney General Andrew Cuomo's office or it will face a lawsuit, Cuomo warned during a CNBC interview.

  • SEC to Propose New Rule on Short Sales of Stocks Tuesday, 19 Aug 2008 | 4:04 PM ET

    The top U.S. securities regulator plans to propose a new short selling rule in the next few weeks which would be broader than an emergency order covering just 19 financial stocks which ended last week

  • Debate Rages On as Short-Sale Rule Nears End Sunday, 10 Aug 2008 | 2:21 PM ET

    Short trading in 19 major U.S. financial stocks will revert to rules governing other shares Wednesday as a Securities and Exchange Commission experiment against abusive short selling expires.

  • Following are Thursday's biggest winners and losers. Even with today's rough market, there were a number of pops, such as an internet florist, a Canadian fast food chain and a certain star athlete making the move to the Big Apple.

  • Breaking Story: Merrill Lynch Buyback Thursday, 7 Aug 2008 | 10:43 PM ET

    Melissa Lee reports a breaking story linked to Citi's settlement and buyback of auction rate securities during tonight's "Fast Money." In an after-hours announcement, another Wall Street giant, Merrill Lynch, stated it too would buy back auction rate securities from its retail clients, who currently hold $12B of those questionable securities.

  • Merrill Will Be Next to Reach Securities Settlement Thursday, 7 Aug 2008 | 5:40 PM ET

    Merrill Lynch will follow Citigroup in cobbling together a settlement for clients who bought auction rate securities.

  • Ex-Refco President Sentenced to 10 Years in Prison Thursday, 7 Aug 2008 | 1:44 PM ET

    Tone Grant, the former president of Refco, once the largest independent commodities broker, was sentenced to 10 years in prison for his role in a $2.4 billion fraud that involved hiding huge trading losses from clients.

  • Citigroup Debt Accord May Spur Other Banks to Settle Thursday, 7 Aug 2008 | 12:42 PM ET
    Citibank

    Citigroup agreed to buy back more than $7 billion of illiquid auction-rate securities and pay a $100 million civil fine to settle charges it fraudulently misled investors about the debt's risk.

  • Citi Talks With Regulators May Lead to Buybacks: WSJ Wednesday, 6 Aug 2008 | 8:34 AM ET
    Citibank

    Citigroup is in talks with state and federal regulators to resolve allegations of wrongdoing in the auction-rate-securities market that could result in its buying back several billion dollars of the illiquid securities, Wall Street Journal said.

  • China Court Rejects Danone Appeal in Wahaha Dispute Tuesday, 5 Aug 2008 | 3:43 AM ET
    A visitor walks past at Wahaha products displayed Monday July 2, 2007 in Hangzhou, China. After 11 years in a showcase joint venture, China's biggest beverage makers, Wahaha and French food conglomerate Group Danone SA are feuding over the use of the Chinese company's brand name and other issues.(AP Photo/Eugene Hoshiko)

    A Chinese court has rejected an appeal by France's Groupe Danone in a legal battle with estranged partner Hangzhou Wahaha Group over ownership of the "Wahaha" trademark, China's best-known soft-drink brand, the companies said on Tuesday.

  • China Publishes Details of Anti-Monopoly Law Monday, 4 Aug 2008 | 11:03 PM ET

    China has fleshed out its landmark anti-monopoly law, specifying turnover thresholds that will trigger a government review of proposed mergers.

  • Connecticut Sues Rating Agencies For Deception Wednesday, 30 Jul 2008 | 11:04 AM ET
    State Attorney General Richard Blumenthal holds a press conference in his office to announce plans to file a lawsuit against the U.S. Department of Education over the federal No Child Left Behind Act in Hartford, Conn., Monday August 22, 2005.

    Connecticut Attorney General Richard Blumenthal said Wednesday he will take legal action against the three major rating agencies, which he accused of "deceptive and unfair practices."

  • GOP Senator Stevens Indicted on Seven Counts Tuesday, 29 Jul 2008 | 1:51 PM ET

    Senator Ted Stevens, the longest-serving Republican senator and a figure in Alaska politics since before statehood, has been indicted on seven counts of falsely reporting hundreds of thousands of dollars in services he received from a company that helped renovate his home.

  • Oracle Expands Espionage Charges Against SAP Monday, 28 Jul 2008 | 4:38 PM ET
    Oracle's headquarters in California.

    Oracle amended its lawsuit against SAP on Monday, saying SAP executive board members were warned that its TomorrowNow unit was engaged in corporate theft before SAP bought TomorrowNow.

  • San Diego Sues Bank of America to Block Foreclosures Thursday, 24 Jul 2008 | 3:57 AM ET

    San Diego City Attorney Michael Aguirre said Wednesday he filed a lawsuit against Bank of America Corp and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in his city, which he aims to make a "foreclosure sanctuary."

  • NY Attorney General Could File Suit Against UBS: WSJ Wednesday, 23 Jul 2008 | 6:16 AM ET

    New York attorney general Andrew Cuomo is preparing to file civil securities-fraud charges against UBS, possibly as early as this week, the Wall Street Journal said on Wednesday.