Government And Institutions

Bitcoin Legalized in California

Digital currencies such as Bitcoin and customer-reward points are now legal forms of payment in the state of California.

Full Text: Supreme Court Rules Against Aereo

In a landmark ruling, the U.S. Supreme Court ruled online television service Aereo breaches copyright laws by retransmitting broadcast television over the Internet. The move is a major win for a slew of broadcasters, including ABC, NBC, and 21st Century FOX, the parent of FOX Business Network.

Big U.S. Fines Have Euro Bankers Worried: Report

A crackdown by U.S. regulators on European banks has European Central Bank officials concerned that the stiff penalties could further destabilize Europe’s already fragile banking system.

People Commit Fraud, Not Banks

The government seems to have adopted an 'either or' strategy when it comes to investigating the fraud that contributed to the financial crisis. Why not huge settlements and perp walks?

Why Us and Not Them?

Exclusive: Former execs convicted of various crimes discuss the DOJ's strategy to seek settlements rather than target individuals involved in the '08 crisis.

Slow-Growth Policies Pin Down Jobs Outlook

Friday, the Labor Department is expected to report the economy added 215,000 jobs in April. That would be a moderate improvement over February and March, but good jobs will remain scarce and wages depressed because policies put in place over the last quarter century have permanently slowed growth.

Corporate Cash Kings Escape U.S. Taxes

Walgreen isn’t the only company under pressure, including by shareholders such as Goldman Sachs, to move its headquarters overseas due to high U.S. taxation.

Detroit in Settlement With Bond Holders

Detroit has reached a deal with its unsecured bond holders, a development that could serve as an important stepping stone toward a restructuring of the bankrupt city's broken finances.

Fracking Expands Throughout Southern U.S.

Gillsburg, Mississippi -- population 25 -- used to be filled with peace and quiet, but not so much anymore. Now energy companies are flocking into small towns in Mississippi and Louisiana to search for big oil.

Cash for Flunkers

General Motors (NYSE:GM) is now offering $500 cash back to people who bought its recalled cars -- to use if they want to buy or lease a new vehicle -- as the automaker faces multiple government probes into why it failed to notify in a timely fashion ignition problems in a number of popular vehicles.

Puerto Rico Bond Sale: 'Bridge' To Reform

Puerto Rico’s $3 billion bond sale scheduled to price this week could represent its last opportunity to stave off default as the debt-addled commonwealth initiates much-needed financial reforms.