US corporations have long been bracing for the day they would have to make sharp cuts in their emissions. That day moved closer when President Obama outlined a target for such reductions, the New York Times reports

Critics say far more needs to be done in terms of meaningful steps to attack fraud in health care, which drains the system of resources and forces up insurance premiums.

California has taken a major step toward creating a broad-based trading system to limit emissions of pollutants blamed for harmful climate change.

A Suffolk judge cancelled $525,000 in mortgage payments being demanded by California bank OneWest and its IndyMac mortgage division, criticizing its "harsh, repugnant, shocking and repulsive" behavior, the New York Post reported Wednesday.

A top U.S. bank regulator said lawmakers need to be careful about moving forward with a proposal that could break up big banking institutions, while also voicing support for its objective.

A congressional plan to audit the Federal Reserve's decision-making process poses a serious threat to the economy, former Fed governor Frederic Mishkin said.

When Fairfax Financial Holdings sued a group of hedge funds in 2006 claiming they conspired to drive down the price of the company's shares, many viewed the litigation as a cynical attempt by the Canadian insurer to silence its critics.

Raj Rajaratnam, the billionaire founder of Galleon Group, Tuesday rejected federal insider trading charges, and accused the government of violating his constitutional rights with its use of wiretaps.

The European Commission said on Tuesday it had closed formal anti-trust proceedings against U.S. chip maker Qualcomm as complaints against the firm had been dropped.

Bernard Madoff's bankruptcy trustee and the law firm employing him submitted a $22.1 million legal bill covering five months of work.  Baker & Hostetler LLP is seeking $21.28 million of fees as counsel to court-appointed trustee Irving Picard for the five months ended Sept.

As the biggest U.S. banks clamor to defeat Congressional measures that could break up their firms or slap a big tax on their transactions, another costly proposal is quietly gaining steam.

With no margin for rebellion, Senate Democrats pushed toward a crucial weekend test vote on their sweeping health care bill Friday, and wavering moderates appeared to be falling in line on President Barack Obama's signature issue.

Russia has the world's most fraudulent economy and attempts to stamp out white-collar crime have done little to stop its spread during the global financial downturn, PricewaterhouseCoopers said in a survey.

Twenty-six people were charged today with engaging in a scheme to steal more than $50 million from the Federal Communications Commission's Video Relay Service (VRS) program.

Proposed taxes on financial transactions face an uphill battle in the United States with powerful interests opposed and a lack of support among some key U.S. lawmakers.