Lumber Liquidators has been facing heat not just from regulators but also from consumers and shareholders after CBS's "60 Minutes" report alleged in March last year that the company had sold flooring with dangerously high levels of formaldehyde. However, net loss narrowed to $12.2 million, or 45 cents per share, in the second quarter from $20.3 million, or 75... » Read More
The House approved a legislative package of historic sweeping financial reforms Friday, but the vote in the Democratically-controlled chamber was closer than many had predicted.
Those trying to follow the last-minute legislative maneuvering around the massive financial services reform bill about to be voted on in the House might benefit from a scorecard. Here's the key provisions and suggested amendments.
The Securities and Exchange Commission will continue to "vigorously pursue" its charges against Bank of America over disclosure of bonuses to employees of Merrill Lynch, a top agency official said Friday.
The U.S. pay czar on Friday issued his latest crackdown on bailout recipients, ruling that cash salaries will be mostly limited to $500,000 for the next tier of top earners.
The leaders of scores of charities around the country, and the world, found themselves living a similar nightmare in the days after Madoff's Dec. 11, 2008, arrest on charges he orchestrated the multibillion-dollar fraud, which affected thousands of investors.
A bankruptcy-court provision for borrowers facing foreclosure is likely to create the greatest noise and have the greatest ramifications for one of the Democrats' signature pieces of legislation this year.
The House is expected to approve a package of sweeping financial reforms on Friday, according to a Congressional source.
The government's $700 billion bailout of the financial system helped prevent an all-out panic last fall but hasn't met many of the targets Congress set out, a watchdog panel says.
A lawyer for former media baron Conrad Black urged the Supreme Court Tuesday to overturn his fraud conviction, and several justices asked whether the federal law at issue was too vague.
More than 200 investors in Texas billionaire Allen Stanford's alleged Ponzi scheme face a new lawsuit from the court-appointed receiver who is gathering assets from the Stanford empire.
One of the leading candidates to take the helm at Bank of America has become embroiled in an investigation of the bank’s merger with Merrill Lynch.
The Obama administration will lose $200 billion less than expected from the federal bailout program and is looking at using part of the savings to fund new job creation efforts.
Nine months and 1300 pages later, the House’s legislative package of sweeping financial reforms will hit the floor next week, with a vote on the bill coming as soon as Thursday, according to a Congressional source.
The overhaul of the financial regulatory system in Congress is a study of contrasts between the Senate and the House of Representatives, says the New York Times.
We asked you to vote on the big winners and losers of 2009. In the results of our poll—100,000 votes were cast—there were a few close votes, some decidedly one-sided ones and a couple surprise outcomes. And, there were a handful of big losers and big winners.
How much do you know about your credit cards? Take Suze Ormon's quiz and find out.
US corporations have long been bracing for the day they would have to make sharp cuts in their emissions. That day moved closer when President Obama outlined a target for such reductions, the New York Times reports
The Transportation Department imposed its first penalties for runway delays Tuesday, collecting $175,000 from three airlines for leaving 47 passengers of a regional jet stranded overnight in Rochester, Minn.
California has taken a major step toward creating a broad-based trading system to limit emissions of pollutants blamed for harmful climate change.
A congressional plan to audit the Federal Reserve's decision-making process poses a serious threat to the economy, former Fed governor Frederic Mishkin said.