Tom DeLay, one of the most powerful and divisive Republican lawmakers ever to come out of Texas, was convicted Wednesday of money-laundering charges in a state trial, five years after his indictment here forced him to resign as majority leader in the House of Representatives, the New York Times reports.
On Wednesday, the Consumer Product Safety Commission is scheduled to vote to create a new, publicly accessible database of safety complaints that is intended to make it easier for consumers to learn about problems with a product, the New York Times reports.
Fortunately, the important news from Spain is good and the recent market punishment, which has seen sovereign spreads to Germany rise substantially, is unwarranted.
From health care to fin reg to the EPA, it appears that the Obama administration has had an agenda and has not deviated from that agenda despite the economy.
I recently sat down with George W. Bush to discuss his new book, Decision Points. With the greatest respect to the former president, he and I disagreed on a number of issues, and let each other know about it.
Plus, a call on the market’s top high-growth stocks.
Former Securities and Exchange Commission chairman Harvey Pitt said that regulators’ upcoming insider trading cases, expected to be filed soon, are clear cases of abuse and don’t reflect a shift upward in regulatory action.
Federal authorities are at an advanced stage of an insider-trading investigation that could result in criminal charges or significant civil fines against Wall Street traders and executives, the New York Times reports.
Former President George W. Bush told me in a CNBC interview today in Salt Lake City that the stock market was not a fair scorecard of his presidency.
When European Union (EU) leaders provided a bailout for Greece last May, they no doubt “did the right thing.” But in the process, they not only broke the spirit of the EU Treaty, but also set themselves up for the future challenge of reining in moral hazard.
For many years, I’ve been a fan of Warren Buffett’s long term approach to value investing. Understanding the value of a company, regardless of its momentary stock price, is a great long term investing strategy. But it pains me whenever I read commentary from Buffett that glosses over reality or is somehow self-serving.
Muni-bond funds of all types have been taking a drubbing, and the weakness continues.
Though the future of a cap-and-trade-based carbon market now looks grim, there are other less-known environmental markets--such as wetlands mitigation--that are up and running and attracting investor attention.
I'm sure they mean well. British regulators, in their recent decision to record bank employees work cell phones must have lofty goals. For example: Protecting the investing public—and the economy at large—from rogue traders and corrupt bankers. But does anyone expect it to work?
Investors should be overweight in cash, which gives them security as well as the option to take advantage of other investments if prices fall, fund manager Jeremy Grantham told CNBC Thursday.
Patrick Honohan, Ireland’s central bank governor, on Wednesday put a “For Sale” sign over the country’s ailing banks, stressing that foreign ownership of the troubled sector was “not as far-fetched a scenario as it might appear to some”, reports the Financial Times.
After a five-year hiatus, Phyllis Rockower is back buying up houses on the cheap, then fixing and flipping them. "I love ugly houses," she says. "They make money."
Industry regulators have fined Goldman Sachs $650,000 for failing to disclose that two of its brokers, including the executive accused of leading the mortgage securities deal that brought civil fraud charges against the firm, were under investigation by the government.
Beyond Mr Obama’s signal that the administration was seeking to press the “reset” button with business, there were other reasons why corporate America had reason to cheer the election of a new Republican majority in the House of Representatives.
Longtime central bank critic Rep. Ron Paul, (R-Texas), told CNBC Monday that the Federal Reserve's attempt to stimulate the economy with more liquidity will hurt the dollar and spark inflation.