Law Legislation

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  • last_will_testament.jpg

    Where there's a will, there's a way. The problem is: Not enough Americans have one and that's one life lesson you can't learn the hard way.  If you drop the ball on estate planning, Uncle Sam will do it for you.

  • Stocks closed at their highs for the day after bouncing up and down throughout the session.

  • Former EADS chief Noel Forgeard was detained in police custody for questioning on Wednesday as part of a probe into possible insider trading at the European aerospace giant, French police sources said.

  • Marijuana

    It's generally believed that the number one product from California's number one industry isn't legal. Agriculture remains the Golden State's biggest business, and some believe marijuana is worth $14 billion. No one really knows for sure.

  • The Senate Banking Committee approved legislation Tuesday that could save a half million homeowners from foreclosure and help stabilize the nation's rattled housing market.

  • cali_foreclosure_090607.jpg

    The two top members of the U.S. Senate Banking Committee announced Monday that they have a deal that will create a multi-billion dollar mortgage rescue fund and a new regulator for Fannie Mae and Freddie Mac.

  • congress.jpg

    Leaders of the U.S. Senate Banking Committee said on Thursday they have agreed to the underpinnings of a housing rescue plan that will create a federal backstop for failing loans.

  • The White House said that President Bush would not veto a final bill from Congress that orders a halt to filling the Strategic Petroleum Reserve while oil prices are very high.

  • Key members of the U.S. Senate have reached a deal on a sweeping housing rescue plan that would see Fannie Mae and Freddie Mac backstop a government mortgage insurance fund, two industry sources said Thursday.

  • The judge presiding over Russia's $22.5 billion lawsuit against the Bank of New York Mellon insisted on Tuesday the case move toward a quick conclusion after more than a year of procedural delays.

  • cali_foreclosure_090607.jpg

    The House is due Wednesday to begin debating a housing rescue package that could see the government buy up $15 billion of abandoned homes and help an estimated half million homeowners facing foreclosure.

  • A senior UBS employee was briefly detained by U.S. authorities in April as part of an investigation into the bank's cross-border business, the Swiss bank said on Wednesday.

  • Fed Cut and Mortgage

    Federal prosecutors in New York have formed a task force together with other government agencies to examine the collapse of the market for risky home loans, a spokesman for the U.S. Attorney's Office in Brooklyn said Monday.

  • A New York state judge on Thursday made no immediate ruling on a group of banks' request to dismiss a lawsuit seeking to force them to fund the $20 billion leveraged buyout of Clear Channel Communications.

  • fannie_mae_logo.jpg

    U.S. federal regulators will announce a settlement on Friday with former Fannie Mae  executives over their alleged roles in a 2004 multibillion-dollar accounting scandal, a person familiar with the settlement said on Thursday.

  • Former Enron CEO Jeff Skilling (AP Photo/David J. Phillip)

    Attorneys for former Enron CEO Jeffrey Skilling will argue Wednesday that his 2006 conviction should be overturned because of “shocking” and “egregious” misconduct by prosecutors.

  • Federal Reserve Bank Chairman Ben Bernanke

    Well, not altogether true, of course. Or rather: It´s not so much confidence, but the notable lack thereof. Has Ben Bernanke completely lost his bearings? That's the question of the day ...

  • Jerome Kerviel, the Frenchman blamed by his company for the world's biggest rogue trading scandal, left jail on Tuesday after winning a legal battle against detention.

  • Attorneys for jailed former Enron CEO Jeffrey Skilling say the government illegally withheld key evidence that would have proven he is innocent.

  • A federal grand jury and the Securities and Exchange Commission have been investigating the anti-money laundering practices of Fidelity Investments, according to a report in the Boston Business Journal.