Oct 6- U.S. law enforcement authorities are investigating an alleged bribery scheme involving payments to officials at the United Nations to gain support for real estate developments in Macau, the Wall Street Journal reported, citing people familiar with the matter. Last month's arrests of Macau real-estate mogul Ng Lap Seng, and his assistant, Jeff Yin, are...» Read More
The court-appointed receiver in the Stanford Financial case—whose job is to locate funds to return to investors—is suing some 400 of them in a controversial "clawback" case.
The bill was was approved Tuesday by the House Financial Services Committee, which Frank chairs. The measure was approved in a 40-28 party-line vote.
The Securities and Exchange Commission and the Justice Department are defending their investigations of the alleged $8 billion Stanford Financial fraud. This, following an investigation by the SEC's Inspector General — first reported by CNBC — that concluded the SEC "effectively halted" its investigation last year at the Justice Department's request.
Accused fraudster Allen Stanford can't stand the heat, and he wants out of the Texas jail where he is being held.
The mayors of two New Jersey cities, a current and former state legislator and five rabbis were among more than three dozen people arrested Thursday in a sweeping corruption investigation.
Healthcare reform will bring slightly greater pricing pressure but larger volume for medical technology firms, says Steve Macmillan, CEO of Stryker.
In 2003, researchers at a federal agency proposed a long-term study of 10,000 drivers to assess the safety risk posed by cellphone use behind the wheel. But such an ambitious study never happened.
The 52-year-old contractor was desperate to save his business. Unable to pay his workers and facing bankruptcy, Ausencio C. G., as Spanish police identify him, went to the bank — but not for a loan.
A half-dozen senators friendly to labor have decided to drop a central provision of a bill that would have made it easier to organize workers.
Just two days ago, the New York Times heralded on its front page “Health Care Bill Passes First Test on Capital Hill”, a title that belied the fact that the health care bill as currently structured has almost no likelihood of becoming law. Moderate Democrat Senators have no stomach for it, because their constituencies have no stomach for it.
How much do you think Judge Sonya Sotomayor wishes she could take back her “hope that a wise Latina woman…would more often than not reach a better conclusion than a white male” statement from a few years ago?
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
House Democratic leaders, pledging to meet the president's goal of health care legislation before their August break, are offering a $1.5 trillion plan that for the first time would make health care a right and a responsibility for all Americans.
Supreme Court nominee Sonia Sotomayor defended herself Tuesday against charges that her speeches and rulings show racial bias, telling a Senate panel vetting her nomination that critics had misunderstood her record.
President Barack Obama acknowledged the tough going for his health care overhaul in Congress but rejected the notion the legislation is doomed.
Even if the UK police said it would not reopen an inquiry into the phone hacking allegations against some of News Corp's publications, the Guardian newspaper reported Friday that three fresh inquiries would be launched into the matter.
When the Swiss bank UBS and federal prosecutors face off in a Florida courtroom on Monday, the focus will be whether UBS must disclose the identities of thousands of its American clients, but much more could be at stake as well, the New York Times reported.
Two-thirds of the country lives in large metropolitan areas, home to the nation’s worst traffic jams and some of its oldest roads and bridges. But cities and their surrounding regions are getting far less than two-thirds of federal transportation stimulus money.
After a month of brainstorming, the Senate Finance Committee seems poised to propose private-sector insurance cooperatives — instead of a new government health plan — as its primary mechanism for stoking competition and slowing the growth of medical costs.
Investors should stay out of Russia until the fight against corruption and the rule of law improve in that country, William Browder, CEO of Hermitage Capital Management, has been denied entry into Russia since 2006, told CNBC.