Consumer Watchdog is suing Hyundai for misrepresenting mileage in its advertising, reports CNBC's Phil LeBeau.
THE business deal from hell began to crumble even before the Champagne corks were popped. The $580 million sale of Dragon Systems had just been approved by its board and congratulations were being exchanged. But there was a sense that something was amiss, the New York Times reports.
Russell Wasendorf, founder, chairman & CEO of PFGBest was arrested in Iowa. He is accused of making false statements to the CFTC. CNBC's Scott Cohn shares details.
Peregrine Financial is another financial collapse that is drawing outrage from lawmakers and investors, with CNBC's Scott Cohn.
Two suspected members of a Greek domestic terrorist group have gone missing in the middle of their trial, officials said Thursday, prompting orders for a judicial investigation and the suspension of an Athens police official.
Three years to the day his older brother was sentenced to 150 years in prison, Peter Madoff pleaded guilty to two charges linked to Bernie Madoff's $65 billion Ponzi scheme.
Peter Madoff, the younger brother of Ponzi swindler Bernie Madoff, was arrested this morning and will appear in court later in the day as part of a process that will see him serve 10 years in prison for his role in the swindle.
Federal regulators are suing hedge fund manager Philip Falcone and his firm, accusing him of civil fraud for using fund money to pay his taxes and favoring some fund customers at the expense of others.
The SEC is charging Philip Falcone & Harbinger Capital with securities fraud, reports CNBC's Tyler Mathisen.
CNBC's Eamon Javers reports the big bank will pay a total of $454 million to settle allegations that it tried to manipulate Libor rates.
Barclays will reportedly pay $200 million in penalties to settle a Libor probe. "These Libor rates impact the credit rates, the interest rates that people pay for everything," says Bart Chilton, CFTC commissioner, explaining how Barclays allegedly manipulated the Libor rate and the CFTC's plans to prevent this from happening again.
The markets regulator noted that it had filed charges in a rather unusual case: A former broker in Orlando, F.L., had allegedly defrauded investors in a Ponzi scheme based on, of all things, astrology.
A federal judge says shareholders can proceed with a lawsuit accusing Goldman Sachs of concealing conflicts of interest in several collateralized debt obligation transactions, the fallout from which caused Goldman's stock price to drop.
On June 14, the Department of Justice unsealed an indictment against three American tax preparers for helping clients avoid taxes by moving money to Israel.
Microsoft unveils a tablet it hopes can rival the iPad; Oracle announces earnings early; a key exec departs JC Penny and Carl Icahn gets an ally on the Chesapeake board.
Roger Clemens has been acquitted on all charges by a jury that decided he didn't lie to Congress when he denied using performance-enhancing drugs.
Rajat Gupta leaves the Federal Courthouse in New York City after receiving a guilty verdict on four of six criminal counts in his insider trading trial. CNBC's Bertha Coombs, reports the details.
Sources say UBS is sitting on losses as high as $350 million from the technical difficulties on Facebook's first day of trading. UBS is considering a lawsuit against Nasdaq, reports CNBC's Maria Bartiromo.
Jérôme Kerviel will set foot in a Paris courtroom again on Monday, two years after the former trader was sentenced to three years behind bars and ordered to pay 4.9 billion euros ($6.09 billion) to former employer Société Générale, the Financial Times reports.
Days before shareholders voted on Bank of America’s 2008 purchase of Merrill Lynch, top executives were told the investment firm’s losses would most likely hammer future earnings, the New York Times reports.