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Judge blocks Citigroup-SEC settlement

A federal judge angrily threw out Citigroup Inc's proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements.
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Wall Street gains with euro zone, consumer hopes

Stocks jumped on Monday as optimism grew that European leaders would come up with a new plan to resolve the region's debt crisis and following a strong start to the U.S. holiday shopping season.
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Canada won't confirm it's withdrawing from Kyoto

Canada dismissed the Kyoto Protocol on climate change on Monday as a thing of the past, but declined to confirm a media report it will formally pull out of the international treaty before the end of this year.
Protesters celebrate after they evaded eviction at the 12.01am deadline outside City Hall at the Occupy LA encampment in Los Angeles

Police and Occupy LA protesters skirmish

Police in riot gear closed in before dawn Monday on anti-Wall Street activists who defied a midnight deadline to vacate an 8-week-old encampment outside Los Angeles City Hall, but the police later pulled back.
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Police and Los Angeles protesters skirmish

Police in riot gear closed in before dawn Monday on anti-Wall Street activists who defied a midnight deadline to vacate an 8-week-old encampment outside Los Angeles City Hall, but the police later pulled back.
A street sign on Wall Street outside the New York Stock Exchange in New York

Banks Benefited From Nearly $8 Trillion Bailout

While big U.S. banks assured investors they were financially healthy during the financial crisis, they also quietly approached the Federal Reserve for more bailout money. As of March 2009, the Fed committed $7.77 trillion to rescue the financial system, which is more than half the value of everything produced in the U.S. that year. The amount dwarfed the Treasury Department's better-known $700 billion Troubled Asset Relief Program, or TARP.
U.S. Job Market

Five Ideas to Create U.S. Jobs

The stark truth of the matter is that unless the private sector starts hiring en masse (including non-profit organizations), absent a surge in exports, it will be up to the public sector to provide stimulus to create jobs.
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Court delays AT&T merger hearing

The judge hearing the Justice Department's challenge of AT&T Inc's plan to buy Deutsche Telekom AG's T-Mobile USA unit has postponed a status conference set for this week until early December, the court said in an order issued on Monday.
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GM provides Volt drivers cars during probe

General Motors Co will allow Chevrolet Volt owners to drive other GM vehicles while U.S. regulators investigate the safety of batteries used in the Volt after crash tests produced fires.
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Investor can sue S&P over Lehman: German court

A German regional court has opened the door to an investor law suit against credit rating agency Standard & Poor's over its assessment of Lehman Brothers securities before the collapse of the U.S. investment bank.
Galaxy Nexus

Verizon Galaxy Nexus Leak: Pre-Orders Start Tuesday

Verizon Galaxy Nexus rumors and puzzling Best Buy ads have left fans in the U.S. confused and frustrated about the phones release date, but Computer World claims to have finally found a credible source who leaked that pre-orders for the phone will start on Tuesday.
Climate Change Conference in Durban

EU says climate pact not enough, wants deal by 2015

The world needs a far more ambitious plan to cut emissions of planet-warming greenhouse gases than the Kyoto Protocol, European Union climate negotiators said on Monday, calling for a global deal to be reached by 2015 and in place by 2020.
Newt Gingrich at Tampa Debate

Newt Gingrich Immigration Stance: A Closer Look

The former House Speaker has been on the defensive, rebutting criticisms that he is supporting amnesty for millions of immigrants, or that his policy would erect a magnet for undocumented immigrants, as former Massachusetts governor Mitt Romney has charged. What was Gingrich really proposing? Here's the breakdown:

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