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  • John McCain and Barack Obama

    The economic crisis and raw politics threatened to derail the first presidential debate as John McCain challenged Barack Obama to delay the Friday forum and join forces to help Washington fix the financial mess. Obama rebuffed his GOP rival, saying the next president needs to "deal with more than one thing at once."

  • New York Stock Exchange

    In whatever form it takes, the government rescue plan for the nation's financial system should provide an entry point for investors looking to buy bank stocks again.

  • Why is New York moving to regulate a complicated part of the derivative market? Because no one else was keeping an eye on it, says the state's insurance chief.

  • countrywide_loan_office1.jpg

    Indiana has sued Countrywide Financial, becoming the latest state to take the mortgage lender to court over its lending practices.

  • merril_lynch_logo2.jpg

    Three more more financial firms, including Merrill Lynch and Goldman Sachs, reached settlements over the sale of auction-rate securities, a $330 billion market that collapsed in February.

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    Merrill Lynch CEO John Thain met with New York Attorney General Andrew Cuomo on Thursday in an attempt to reach a settlement of the auction-rate securities probe, CNBC has learned.

  • Merrill Lynch reached a settlement with Massachusetts over auction-rate securities, the latest in a string a accords between regulators and Wall Street firms over the $330 billion market that collapsed in February

  • Merrill Lynch has until Friday to settle an auction-rate securities case with New York Attorney General Andrew Cuomo's office or it will face a lawsuit, Cuomo warned during a CNBC interview.

  • TraderNYSE3.jpg

    The top U.S. securities regulator plans to propose a new short selling rule in the next few weeks which would be broader than an emergency order covering just 19 financial stocks which ended last week

  • TraderNYSE3.jpg

    Short trading in 19 major U.S. financial stocks will revert to rules governing other shares Wednesday as a Securities and Exchange Commission experiment against abusive short selling expires.

  • Following are Thursday's biggest winners and losers. Even with today's rough market, there were a number of pops, such as an internet florist, a Canadian fast food chain and a certain star athlete making the move to the Big Apple.

  • graphic_fast_money.jpg

    Melissa Lee reports a breaking story linked to Citi's settlement and buyback of auction rate securities during tonight's "Fast Money." In an after-hours announcement, another Wall Street giant, Merrill Lynch, stated it too would buy back auction rate securities from its retail clients, who currently hold $12B of those questionable securities.

  • Merrill Lynch will follow Citigroup in cobbling together a settlement for clients who bought auction rate securities.

  • Tone Grant, the former president of Refco, once the largest independent commodities broker, was sentenced to 10 years in prison for his role in a $2.4 billion fraud that involved hiding huge trading losses from clients.

  • Citibank

    Citigroup agreed to buy back more than $7 billion of illiquid auction-rate securities and pay a $100 million civil fine to settle charges it fraudulently misled investors about the debt's risk.

  • Citibank

    Citigroup is in talks with state and federal regulators to resolve allegations of wrongdoing in the auction-rate-securities market that could result in its buying back several billion dollars of the illiquid securities, Wall Street Journal said.

  • A visitor walks past at Wahaha products displayed Monday July 2, 2007 in Hangzhou, China. After 11 years in a showcase joint venture, China's biggest beverage makers, Wahaha and French food conglomerate Group Danone SA are feuding over the use of the Chinese company's brand name and other issues.(AP Photo/Eugene Hoshiko)

    A Chinese court has rejected an appeal by France's Groupe Danone in a legal battle with estranged partner Hangzhou Wahaha Group over ownership of the "Wahaha" trademark, China's best-known soft-drink brand, the companies said on Tuesday.

  • China has fleshed out its landmark anti-monopoly law, specifying turnover thresholds that will trigger a government review of proposed mergers.

  • State Attorney General Richard Blumenthal holds a press conference in his office to announce plans to file a lawsuit against the U.S. Department of Education over the federal No Child Left Behind Act in Hartford, Conn., Monday August 22, 2005.

    Connecticut Attorney General Richard Blumenthal said Wednesday he will take legal action against the three major rating agencies, which he accused of "deceptive and unfair practices."

  • Senator Ted Stevens, the longest-serving Republican senator and a figure in Alaska politics since before statehood, has been indicted on seven counts of falsely reporting hundreds of thousands of dollars in services he received from a company that helped renovate his home.