The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation's largest banks.» Read More
Attorney Preet Bharara announced at a televised press conference on Nov. 4 that Steven A. Cohen's SAC Capital Advisors would plead guilty to insider trading, two prosecutors stood quietly to his right.
*Voters to choose Tuesday between Mike Duggan and Benny Napoleon. *He would be Detroit's first white mayor in nearly 40 years. DETROIT, Nov 4- Detroit, saddled with $18 billion in debt, has filed for bankruptcy.
NEW YORK/ WASHINGTON, Oct 28- The U.S. Department of Justice appeared to have struck gold last week with the law it wielded against one of the nation's largest banks over conduct that fueled the financial crisis.
"Minor violations that are overlooked or ignored can feed bigger ones, and, perhaps more importantly, can foster a culture where laws are increasingly treated as toothless guidelines," Securities and Exchange Commission Chair Mary Jo White said in a speech at a conference about SEC enforcement issues.
The father of the Boston bombings suspects was interviewed by Reuters, saying he wants his son brought back alive; and the home of the sister of the 2 suspects was searched, reports CNBC's Sue Herera. Former New York City Mayor Rudy Giuliani, provides perspective.
CNBC's Bertha Coombs provides a recap on the police search for the suspects in Boston's bombing. And, former New York City Mayor Rudy Giuliani, discusses why he is confused the suspects targeted the United States.
Security consultants say the entire calculus of protecting a marathon has changed, reports CNBC's Scott Cohn; and Gen. Barry McCaffrey, ex-National Security Council member, weighs in. "[These bombs] were not sophisticated foreign-made intelligence provided devices," says McCaffrey.
Former Mayor of New York City Rudy Giuliani, who guided his city through the Sept. 11 attacks, said any speculation in the case of the Boston marathon attacks would be a mistake.
Former Mayor Rudolph W. Giuliani has decided not to run for governor of New York next year after months of mulling a candidacy, reports the New York Times.
Lawrence H. Summers, the top economic adviser to President Obama, earned more than $5 million last year from the hedge fund D. E. Shaw and collected $2.7 million in speaking fees from Wall Street companies that received government bailout money, the White House disclosed Friday in releasing financial information about top officials.
Officials say they will make wide-ranging changes, including stricter federal rules for hedge funds, credit rating agencies and mortgage brokers, and greater oversight of the complex financial instruments that contributed to the economic crisis.
President Obama on Friday stepped squarely into the fractious effort in Congress to assemble an $825 billion economic recovery package, seeking to quell criticism from both parties and to retain leadership on an initiative that could define his term.
Senate Democrats were working Tuesday to put together legislation making it possible for Senator Hillary Rodham Clinton to become secretary of state despite a constitutional clause that some critics argue should bar her from joining the cabinet.
The tensions and their increasingly public airing provide a revealing coda to the ill-fated McCain-Palin ticket, hinting at the mounting turmoil of a campaign that was described even by many Republicans as incoherent, negative and badly run.
Senator Barack Obama’s fund-raising juggernaut appears to have slowed dramatically from its record-shattering pace in September, raising $36 million in the first half of October, according to new filings with the Federal Election Commission.
A brilliant speech, brilliantly delivered. So many good lines. Sarah Palin shows us all that she is a superb communicator, which of course is so essential to a successful politician. Obviously, I think of Reagan.
John McCain and Barack Obama have begun recalibrating their strategies for the presidential campaign in a contest recast by Mr. McCain’s unexpected selection of Gov. Sarah Palin of Alaska as his running mate, the NewYork Times reports.
National party conventions are known as much for their nonstop partying as they are for their politics — a time for lobbyists, politicians and corporate executives to gather at lavish receptions and elegant dinners.
Television networks are assigning reporters to a new beat this election year: people who don’t watch the evening news. With polls showing a surge in primary-season ballots cast by voters under 30, media outlets are out to convert the newly energized voters into viewers.
As they traveled across Indiana and North Carolina over the last few days, trading charges and countercharges about the wisdom of suspending the federal gas tax for the summer, Senators Hillary Rodham Clinton and Barack Obama were really having a larger fight.