July 27- The U.S. Justice Department's criminal-fraud section sent diagnostic-testing company Alere Inc a subpoena last month seeking patient-billing records, the WSJ reported, citing people familiar with the matter. The subpoena asked for information about Alere's efforts to collect co-payments from patients, as well as forms submitted on their behalf... » Read More
The financial reform should include some way of separating banks' proprietary trading from commercial banking, although a return to regulation similar to the Glass-Steagall Act would be impractical, legendary investor George Soros wrote in the Financial Times.
Concerned over the surge of phony swine flu treatments hawked on the Internet, the Food and Drug Administration has ordered dozens of Web site operators to stop making fraudulent claims, leading to a drop in the number of scams.
President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression.
The long-running and personal feud between Mr. Dugan and Ms. Bair is now helping to shape President Obama ’s attempt to revamp financial regulation aimed at preventing the regulatory lapses that contributed to the economic crisis.
Historic anti-smoking legislation sped to final congressional passage on Friday— after a bitter fight lasting nearly a half-century— and lawmakers and the White House quickly declared it would save the lives of thousands of smokers of all ages.
The Senate has voted to give the government extensive new powers to decide how tobacco companies will make and market their products. Supporters say that could spare millions from smoking addiction and premature death.
An Indiana money manager is set to plead guilty to charges of crashing an airplane near a Panhandle neighborhood in a botched attempt to fake his own death.
Red Bull fans once hyped the popular energy drink as "liquid cocaine." They may have been on to something. The latest buzz about Red Bull is a widening controversy over whether its products actually contain traces of the illegal drug.
Dutch Finance Minister Wouter Bos hit back at critics of his plan for "banker driving licenses" Wednesday.
Washington is asking some painful questions about how to prevent the next financial meltdown. Should it reinvent the Federal Deposit Insurance Corporation? Abolish the seemingly feckless overseer of savings and loans? Grant new powers to the Federal Reserve?
The UK's Financial Services Authority released details of its banking stress-test methodology on Thursday. I’m a big fan of stress-testing myself (in the form of sport rather than economics) and this weekend I face my toughest stress test to date: my first-ever half ironman.
The credit card reform bill, which passed through Congress Wednesday and is expected to be signed into law by President Barack Obama Friday, will serve as a "warning light" to credit card companies that they can no longer take advantage of consumers, Rep. Paul Kanjorski, D—Pa., said.
The head of the Securities and Exchange Commission is objecting to a plan being considered by the Obama administration to create a new financial watchdog to protect consumers.
Cracking down on medical industry payments to doctors, the Vermont legislature has passed a law requiring drug and device makers to publicly disclose all money given to physicians and other health care providers, naming names and listing dollar amounts, the New York Times reports.
The Obama administration, trying to crack down on abuses exposed by the financial crisis, is considering creation of a regulatory commission to protect consumers of financial products such as credit cards and mortgages, according to administration and industry officials.
The Supreme Court said Monday that it will rule on the constitutionality of the anti-fraud law that grew out of accounting scandals at Enron and other companies.
Chris Lardner had her interest rate tripled after a payment accidentally charged to her card took her over her credit limit.
Stocks flopped Friday, capping a dismal week, as bank stocks pulled back after recent gains.
Even if you've lost a bundle, don't be too quick to dump your financial counselor.
Stocks opened flat Friday as investors were encouraged by a pair of better-than-expected manufacturing readings but dismal economic data out of Europe and weak U.S. retail reports capped gains.