Four boats seized by U.S. authorities from imprisoned swindler Bernard Madoff and his right-hand man, Frank DiPascali, sold for nearly $2 million at auction on Tuesday, the U.S. Marshals Service said.

Supreme Court justices took up a case on Monday that could reshape the realm of what can be patented, and expressed skepticism about giving protection to abstract business innovations.

1st paragraph of story should go here

Disgraced financier Bernard Madoff's longtime auditor has entered a guilty plea in a federal court in Manhattan.

The world can be a rough place for independent inventors. They can often find themselves in court, battling big corporations, spending piles of money on lawyers and leaving it up to judges and juries to determine the value of their hard-won patents.

A recent court ruling that forced two ratings companies to defend fraud claims is a "game-changer" for the industry, said David Einhorn, head of Greenlight Capital.

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 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.

Wikipedia is engulfed in a furious debate with psychologists who are angry that the online encyclopedia has reproduced the 10 original Rorschach plates online, for free.

A bitter Congressional fight over the cost of superexpensive biotechnology drugs has come down to a single, hotly debated number: How many years should makers of those drugs be exempt from generic competition?

Though Sonia Sotomayor is widely expected to win confirmation to the US Supreme Court, the business community is still wondering just what kind of justice she'll be

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.

The Supreme Court said Monday that it will rule on the constitutionality of the anti-fraud law that grew out of accounting scandals at Enron and other companies.

Former Enron CEO Jeffrey Skilling is appealing his 2006 conviction to the Supreme Court.  In a 50-page petition filed Monday afternoon, Skilling's attorneys argue the conviction should be overturned because he did not put his own interest above Enron's as the government claimed, and because the Houston jury that convicted him was prejudiced by "pervasive media coverage."