A former Goldman Sachs employee stole confidential information from the Wall Street powerhouse, USA TODAY reports.» Read More
I don’t own any stock. That’s not by choice, but by CNBC edict. I just want that out there. Reporters are not allowed to own stock, unless it’s GE (parent company) in the 401K, because we report on companies constantly, and there cannot be any appearance of bias for gain, etc. We report on companies, we do not run them. That’s my preface to this post.
On Tuesday, the U.S. Supreme Court is hearing an case that some say may alter the landscape of investing. The outcome potentially could strengthen shareholder confidence -- or stifle investment markets.
On Oct. 9, the U.S. Supreme Court will hear a case that some say may open the flood gates to a tidal wave of investor lawsuits. Legal experts joined CNBC to debate both sides of the issue.
US Airways Group said on Friday that it expects costs per available seat mile, or unit costs, to rise faster than earlier expected as its reins in capacity.
Texas oilman Oscar Wyatt pleaded guilty Monday to conspiracy to commit wire fraud, one of five counts against him for his role in the U.N. oil-for-food scandal.
The SEC said Alexander James Trabulse sent statements to investors in his Fahey Fund that inflated the fund's returns by as much as 200 percent.
A California appeals court on Tuesday declined to reinstate a long-running case against the Walt Disney over royalties it paid for its popular Winnie the Pooh character.
Electronic Data Systems has agreed to pay nearly $500,000 to settle an investigation into accounting irregularities alleged to have occurred from 2001 to 2003.
The U.S. Securities and Exchange Commission said on Wednesday that it has charged four more former officers at Canada's Nortel Networks with engaging in accounting fraud.
Recently I blogged about the hiring of a new CEO at ImClone Systems and the unique clause in his contract requiring him to buy half-a-million dollars worth of stock in the company. My suspicion was that ImClone Chairman and billionaire shareholder Carl Icahn had a hand in that.
The New York Post broke the news today that Biovail Corporation, Canada's biggest biotech, is dropping its lawsuit against a hedge fund, a research outlet, Bank of America Securities and its former specialty pharmaceuticals analyst David Maris. "60 Minutes" did a piece on the lawsuits last year. Shortly after being sued, Maris left B of A. He and the company never disclosed..
CNBC has learned that Maurice "Hank" Greenberg has received a subpoena from the SEC and will be giving his first deposition as part of the SEC’s continuing investigation into what role, if any, he played in alleged accounting improprieties at American International Group.
The Securities and Exchange Commission said Wednesday that Saks Inc. has agreed to settle a lawsuit that Saks Fifth Avenue understated sales to some vendors and didn't record markdowns properly, inflating its earnings.
A state judge in Michigan has sided with Wal-Mart Stores and dismissed a lawsuit by former marketing executive Julie Roehm over her firing, saying the case should be filed in Arkansas.
The U.S. Securities and Exchange Commission on Friday filed fraud charges against the former chief financial officer of Brocade Communications Systems, saying he disregarded indications other executives were backdating stock options.
Video game publisher Take-Two Interactive Software received a "Wells" notice last week from the U.S. Securities and Exchange Commission's division of enforcement, in connection with a previously disclosed investigation into Take-Two's historical stock-option practices.
After falling to a new low on Friday, Bernstein Biotech Analyst, Geoffrey Porges, is upgrading shares of AMGN from Market Perform to Outperform. Investors are bidding up the beaten down stock in midday trading. Bernstein makes a market in the stock.
Beazer Homes delayed filing its June quarterly report with the Securities and Exchange Commission last Friday, due to accounting complications related to its land-development costs and costs to complete houses.
U.S. regulators are scrutinizing the books of Wall Street's largest investment banks amid questions they are hiding losses from subprime mortgages, people familiar with the inquiry said.
Roel C. Campos, a member of the Securities and Exchange Commission, announced Thursday that he will leave the agency next month, about three years before his second term expires.