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  • Christie's auction house will hold the first liquor auction since Prohibition this weekend in New York, with some rare whiskies expected to fetch up to $30,000 a bottle.

  • Banks Subpoenaed in Subprime Investigation Wednesday, 5 Dec 2007 | 12:16 PM ET

    Some of the world's biggest banks were subpoenaed by New York state prosecutors Wednesday to give information about the packaging and selling of subprime mortgages.

  • Buffett to Testify in AIG Fraud Case Tuesday, 4 Dec 2007 | 7:12 AM ET

    Federal prosecutors intend to call billionaire investor Warren Buffett to testify against five former senior insurance executives charged with helping the American International Group to manipulate its financial statements through $500 million in phony transactions, according to court documents.

  • New York Funds Take Lead in Countrywide Lawsuits Friday, 30 Nov 2007 | 3:11 PM ET

    A federal judge has named two New York pension funds lead plaintiffs for five class-action lawsuits accusing Countrywide Financial, the largest US mortgage lender, of inflating earnings and overstating its ability to weather the housing slump.

  • Loan Modification Anyone? Tuesday, 27 Nov 2007 | 2:05 PM ET

    It seems like suddenly everyone is jumping on the bandwagon. First Countrywide  announced a deal with Neighborhood Assistance Corp. of America (NACA) to modify loans on a case-by-case basis. Then California Gov. Arnold Schwarzenegger announced a plan with Countrywide, GMAC and others to freeze ARM interest rates on certain loans temporarily, as long as the borrower is living in the home and up-to-date on current payments.

  • Countrywide Response to Countrywide Friday, 23 Nov 2007 | 1:19 PM ET
    countrywide_logo2.jpg

    A slew of responses to my post reprinting questions that New York Democratic Senator Chuck Schumer sent Countrywide Chairman and CEO Angelo Mozilo. Most responses centered on why the company doesn't send 1099 forms to independent brokers.

  • Roche Seeks US Approval for Arthritis Drug Wednesday, 21 Nov 2007 | 5:18 AM ET

    Swiss drugmaker Roche has submitted its experimental Actemra drug to the U.S. authorities for approval to treat moderate to severe rheumatoid arthritis in adults.

  • Antitrust Whistleblowers Could Receive Payoffs Tuesday, 20 Nov 2007 | 7:18 AM ET

    Employees who report their companies for price-fixing should be rewarded with large cash payments, a current and a former antitrust official proposed on Tuesday.

  • United Rentals Sues to Force Buyout by Cerberus Monday, 19 Nov 2007 | 2:40 PM ET

    United Rentals said Monday that it had filed a lawsuit seeking to compel Cerberus Capital Management to complete its $4 billion buyout of the equipment rental company.

  • Kozlowski Conviction Upheld on Appeal Thursday, 15 Nov 2007 | 2:37 PM ET

    A New York appeals court has upheld the convictions of former Tyco International  senior executives Dennis Kozlowski and Mark Swartz, the court clerk's office said Thursday.

  • Former Countrywide Financial Vice President Quan Zhu agreed to pay $108,840 to settle insider trading charges, the U.S. Securities and Exchange Commission said on Monday.

  • William Lerach, a former partner at a prestigious New York law firm, pleaded guilty Monday to conspiracy for his role in a scheme to bribe people to become plaintiffs in lucrative class-action lawsuits.

  • Ex-CEO at Army's Body Armor Maker Arrested Thursday, 25 Oct 2007 | 5:10 PM ET

    Two former officers at a company that supplies body armor to the U.S. Army face charges they inflated the company's stock price and made nearly $200 million in the process.

  • Investors Warned Over Energy Stock Scams Tuesday, 23 Oct 2007 | 2:06 PM ET

    A U.S. securities regulator Tuesday warned investors to be wary of scams touting huge potential profits from energy-related stocks, when the onlypeople likely to make money are those running the schemes.

  • EU Extends Google/DoubleClick Inquiry Monday, 22 Oct 2007 | 8:11 AM ET

    The European Commission on Monday extended the deadline for its inquiry into Google's proposed purchase of rival DoubleClick to Nov. 13 from Oct. 26.

  • Tobias Aide: Hedge Fund Manager Was Murdered Thursday, 18 Oct 2007 | 1:41 PM ET

    An assistant to hedge fund manager Seth Tobias, who died suddenly last month at age 44, told CNBC he has evidence that Tobias was murdered.

  • House Bill to End Private-Tax Collection Program Thursday, 11 Oct 2007 | 6:38 AM ET

    House Democrats on Wednesday pushed through legislation to end a program that turns over smaller-scale tax deadbeat cases to private collection agencies.

  • Supreme Court Hears Third-Party Investor Suit Tuesday, 9 Oct 2007 | 1:42 PM ET

    On Tuesday, the U.S. Supreme Court is hearing an case that some say may alter the landscape of investing. The outcome potentially could strengthen shareholder confidence -- or stifle investment markets.

  • Steven G. Schulman was charged in Los Angeles as part of a seven-year investigation into allegations that kickbacks were paid to people who agreed to be plaintiffs in class-action suits.

  • Supreme Court Hears Landmark Investor Suit Tuesday, 9 Oct 2007 | 10:25 AM ET

    On Oct. 9, the U.S. Supreme Court will hear a case that some say may open the flood gates to a tidal wave of investor lawsuits. Legal experts joined CNBC to debate both sides of the issue.