Law Legislation

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  • madoff_court_depart_3.jpg

    The Internal Revenue Service is allowing tax relief and refunds for some investors who paid taxes on earnings from their investments with Bernard Madoff that turned out to be nonexistent.

  • Futures rebounded Tuesday after a report showed new home construction unexpectedly jumped in February.

  • Britain's tax office said Tuesday it is investigating claims by a whistleblower that Barclays, the country's third largest bank, has allegedly been planning to dodge taxes.

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    Monaco succumbed to international pressure over the weekend, becoming the latest country to adopt international standards for banking openness and information-sharing at a time when the United States and its European allies in battling tax evaders face what could be years of negotiations before they are able to proclaim victory.

  • Stocks went four for four Friday in a dramatic win that delivered stocks their best week since November.

  • Twitter

    A building materials company and its owner have appealed a $12.6 million verdict against them, alleging that a juror was posting related messages on Twitter.com while hearing the case.

  • Stocks opened slightly higher Friday amid some much-needed good news from banks.

  • Futures pointed to a fourth straight session of gains Friday amid some much-needed good news from banks.

  • New York State Attorney General Andrew Cuomo, Rep. Barney Frank and other lawmakers are discussing a plan to link executive pay to the long-term performance of companies, the Wall Street Journal said.

  • Bernard Madoff pled guilty to eleven charges stemming from his alleged $64 billion Ponzi scheme today. His victims were given a chance to speak in court, though some did not in spite of their lingering questions.

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    Here is the text of Bernard Madoff's prepared plea allocution statement, delivered Thursday in U.S. District Court in New York

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    Citi analyst Deborah Weinswig downgrades Wal-Mart shares to hold from buy, citing fears that proposed legislation intended to make it easier for employees to unionize will boost Wal-Mart's labor costs and hurt its ability to compete.

  • Helg Sgarbi

    A man dubbed "the Swiss gigolo" by the German media was sentenced to six years in prison Monday for defrauding Germany's richest woman of $9 million (euro 7 million) and attempting to blackmail her for tens of millions more.

  • A long-running lawsuit brought by Enron investors against three financial firms over their dealings with the collapsed energy trader has been dismissed by a federal judge in Houston.

  • Andrew Cuomo

    New York Attorney General Andrew Cuomo has issued subpoenas to seven top executives at Merrill Lynch -- executives who earned more than $200 million last year, according to sources familiar with the investigation. 

  • stimulus_package_5b.jpg

    Everyone knows that construction companies are profiting from the stimulus bill, but tech firms are cashing in, too.

  • citigroup_building1.jpg

    Citigroup's recent arrangement for converting some of the government’s preference shares into ordinary shares causes a significant loss to the retail investor, Citigroup shareholder Victor Filatov, former president of Capula Investment Management, told CNBC.

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    Some media executives are growing concerned that the increasingly popular curators of the Web that are taking large pieces of the original work — a practice sometimes called scraping — are shaving away potential readers and profiting from the content, the New York Times reports.

  • For many Americans, the current recession is their first brush with unemployment. The newly jobless face a host of questions over how to navigate a system of unemployment insurance benefits.

  • UBS

    Federal authorities suspect the scandal over Americans’ secret offshore accounts at UBS, the big Swiss bank, runs far deeper than they believed only a week ago.