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  • Merrill Settles With Massachusetts on Auction Debt Thursday, 21 Aug 2008 | 1:27 PM ET

    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

  • Cuomo Threatens to Sue Merrill Over Auction-Rate Debt Thursday, 21 Aug 2008 | 9:52 AM ET

    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.

  • SEC to Propose New Rule on Short Sales of Stocks Tuesday, 19 Aug 2008 | 4:04 PM ET
    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

  • InBev

    Belgian brewer InBev said on Monday that U.S. antitrust regulators have asked it for additional information regarding its planned takeover of Budweiser beer maker Anheuser-Busch.

  • U.S. Seeks Stronger Warnings For Amylin's Byetta Monday, 18 Aug 2008 | 3:57 PM ET
    Amylin

    U.S. health regulators are seeking stronger warnings about the risk of pancreatitis after the deaths of two patients taking Amylin Pharmaceuticals' injectable diabetes drug Byetta, sending the company's shares down as much 16 percent.

  • Debate Rages On as Short-Sale Rule Nears End Sunday, 10 Aug 2008 | 2:21 PM ET
    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.

  • Merrill Will Be Next to Reach Securities Settlement Thursday, 7 Aug 2008 | 5:40 PM ET

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

  • Citigroup Debt Accord May Spur Other Banks to Settle Thursday, 7 Aug 2008 | 12:42 PM ET
    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.

  • Citi Talks With Regulators May Lead to Buybacks: WSJ Wednesday, 6 Aug 2008 | 8:34 AM ET
    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.

  • China Makes Growth Its Priority as Economy Slows Friday, 1 Aug 2008 | 1:48 AM ET
    China, Chinese Flag

    Sustaining rapid growth is China's economic priority, President Hu Jintao said on Friday as an official survey pointed to a swoon in the all-important manufacturing sector.

  • Connecticut Sues Rating Agencies For Deception Wednesday, 30 Jul 2008 | 11:04 AM ET
    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."

  • SEC Continues Short-Selling Curb Through Aug. 12 Wednesday, 30 Jul 2008 | 3:21 AM ET

    U.S. securities regulators have extended through Aug. 12 an emergency rule aimed at curbing abusive short selling in the stocks of 19 major financial firms, including mortgage giants Freddie Mac and Fannie Mae.

  • GOP Senator Stevens Indicted on Seven Counts Tuesday, 29 Jul 2008 | 1:51 PM ET

    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.

  • UK's FSA Arrests 8 in Insider Dealing Probe Tuesday, 29 Jul 2008 | 10:48 AM ET

    The Financial Services Authority, the UK's financial regulator, said eight people were arrested across London and the south-east of England on Tuesday as part of an investigation into insider dealing.

  • Oracle Expands Espionage Charges Against SAP Monday, 28 Jul 2008 | 4:38 PM ET
    Oracle's headquarters in California.

    Oracle amended its lawsuit against SAP on Monday, saying SAP executive board members were warned that its TomorrowNow unit was engaged in corporate theft before SAP bought TomorrowNow.

  • UBS Target of Fraud Suit from NY Attorney General Thursday, 24 Jul 2008 | 1:01 PM ET

    New York Attorney General Andrew Cuomo filed a civil lawsuit on Thursday against UBS, accusing the Swiss bank of steering customers into auction-rate securities that this year became impossible to cash out of amid the credit crunch.

  • Wachovia Securities HQ Raided in Auction Rate Probe Thursday, 17 Jul 2008 | 12:28 PM ET
    A Wachovia branch bank.

    Securities regulators from several states raided the St. Louis headquarters of Wachovia Securities, part of Wachovia, as part of a broad investigation into questionable practices involving auction rate securities, Missouri officials said.

  • Short-Selling Vital to the Market: Hedge Fund Experts Thursday, 17 Jul 2008 | 11:38 AM ET

    Short-selling is a vital part of maintaining balance in the market, and people should stop viewing it as "evil" or "un-American", said Paul Roth, a partner at Schulte, Roth & Zabel.

  • Losing money ? – Don’t get stressed! Thursday, 17 Jul 2008 | 8:44 AM ET
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    This is not a time to get stressed about losing money – but to refocus on who is still generating sustainable earnings.

  • Stocks Close With Huge Rally As Oil Plunges Wednesday, 16 Jul 2008 | 2:46 PM ET

    Stocks closed with huge gains as drop in oil prices boosted sectors previously battered by energy costs. Financials also moved sharply higher.