The latest housing initiative announced today by the Obama Administration draws the U.S. government and, by proxy, all taxpaying Americans, further into the inescapable quagmire of a devastated real estate market.
A federal judge has ordered the acquittal of two former employees of disgraced financier Allen Stanford on charges that they illegally shredded thousands of company documents. U.S. District Judge Richard W. Goldberg cited insufficient evidence Friday in Miami in the case against ex-Stanford employees Thomas Raffanello and Bruce Perraud. The judge's order came on the second day of jury deliberations. Raffanello and Perraud faced up to 50 years in prison if convicted of conspiracy, document destruction and other charges. Defense attorneys had argued that all records were backed up electronically. Raffanello was previously chief of Miami's Drug Enforcement Administration office. Stanford is awaiting trial in Houston.
Berkshire Hathaway was sued by an ex-manager of its RV biz. His claim? He was fired after blowing the whistle about 'millions of dollars' of fraud at the unit
Schapiro lays out new rules requiring asset-backed issuers to retain five percent of asset-backed securitizers
Invesco PowerShares Capital Management LLC today unveiled the first exchange-traded fund to invest in an index of closed-end funds.
HSA deposits are expected to top $14 billion in assets this year, up from $1 billion in 2006
Two Bear Stearns executives who ran hedge funds that crashed in 2007 amid the subprime mortgage meltdown were acquitted Tuesday of lying to investors about the looming crisis on Wall Street.
The nation's economy posted its largest job gain in three years in March, while the unemployment rate remained at 9.7 percent for the third straight month.
An Apple Valley, Minn., money manager is charged with orchestrating a Ponzi scheme that allegedly defrauded at least 1,000 victims out of $190 million.
The French bank says it's conducting an internal audit after uncovering 'anomalies' in the account. Clients have been notified.
