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.
Pfizer Inversion Plan Puts Tax Code Under Microscope
The lack of backlash against Pfizer for seeking to avoid U.S. taxes by going overseas means other high-profile firms could follow suit.
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.
U.S. Imposes New Economic Sanctions On Russia
The U. S. on Monday announced additional economic sanctions against a group of powerful Russian political figures and a handful of influential business entities.
Public Pension Funds Rethinking Investment Return Rates
After years of setting high rates for projected investment return rates, public pension funds are taking a more conservative approach.
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.
Focus Back on Unemployment Rate with March Jobs Report
The headline unemployment rate has returned to the spotlight ahead of Friday’s release of the government’s March jobs report.
No Jail Time For Madoff's Banking and Feeder Fund Pals
Bernie Madoff's office help is looking at jail time for their roles in the fraud. But the bankers and feeder fund honchos who contributed most to the scam will never see a day in prison.
Moscow Nyets? Brooklyn Nets Owner to Relocate Parent Company to Russia
Moscow Nyets? The owner of the Brooklyn Nets plans to move the NBA team's parent company to Russia in response to U.S. sanctions against the country.
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.
Weekly Jobless Claims Fall to 323,000
Weekly jobless claims fell more than expected to a three-month low last week, a sign of strength in the labor market that's been crippled by severe weather.
U.S. Adds 175,000 Jobs in February, Unemployment Rate Ticks Higher
The U.S. economy added 175,000 jobs in February, while the unemployment rate ticked higher, and the labor force participation rate remained unchanged from January.
British Hacker Charged in Federal Reserve Breach
The Federal Reserve is the backbone of the American financial system. And in early 2013, it was hacked.
The Real Reason the U.S. Should Lift Oil Export Ban: National Security
Soon there will be no one for shale oil producers to sell to without relief from the crude oil export ban. This will cause investment in oil production capacity to drop and slow economic growth and future production.
Obama Administration Opens Banks to Marijuana Businesses
The Obama administration on Friday issued guidelines that potentially open banks to marijuana businesses.
A Grade School Kid Can Predict Cable-Deal Fallout
A couple of grade school kids can predict the fallout from a merger between the two largest cable companies. Will the Justice Department and the FCC see it the same way?















