Top executives of Wall Street's biggest banks acknowledged broad failures as they testified to a U.S. commission looking into the financial crisis, while the White House said an industry apology was in order.
President Barack Obama is discussing ways to help U.S. states cover costs that are destined to rise under pending healthcare reform legislation, his press secretary said on Monday.
As an entrepreneur, Gary Kremen knows something about growth industries.
U.S. electric sports carmaker Tesla Motors will partner with Japan's Panasonic Corp for the next generation of lithium-ion batteries, the companies said on Thursday.
Tribune Co's Los Angeles Times said it would close its printing operations in Orange County, California, resulting in about 80 layoffs, as part of cost-cutting measures.
The New York Federal Reserve Bank under Timothy Geithner urged insurer AIG in late 2008 to limit disclosures about its payments to banks after getting a $180 billion government bailout, emails released on Thursday showed.
A former director of McKinsey & Co told a court on Thursday that Galleon hedge fund founder Raj Rajaratnam paid him $1.75 million in exchange for tips on clients of the consulting firm, giving prosecutors potentially more ammunition in the insider-trading case.
Janus Capital Group has picked a Pacific Investment Management Co veteran as its chief executive, ending a months-long search for a new leader at the Denver-based stocks mutual fund firm.
A former McKinsey & Co director told a court on Thursday that Galleon hedge fund founder Raj Rajaratnam paid him $1.75 million in exchange for confidential information on clients to make illegal stock trades.
Demand for U.S. mortgages held last week near six-month lows as the highest long-term borrowing costs since August stifled refinancing, a Mortgage Bankers Association survey showed on Wednesday.
Royal Bank of Scotland (RBS.L) and Sempra Energy (SRE.N) have received bids for their commodities joint venture from a trio of banks keen to expand in the booming business, a person familiar with the matter said.
A U.S. software maker is suing China, several major PC makers and two Chinese software makers for $2.2 billion, accusing them of using stolen code in controversial Web filtering software that drew global criticism last year.
A U.S. software maker is suing China, several major PC makers and two Chinese software makers for $2.2 billion, accusing them of using stolen code in controversial Web filtering software that drew global criticism last year.
The Justice Department has a team of litigators prepared to oppose the merger of ticketing giant Ticketmaster and concert promoter Live Nation and could decide to take the deal to court, antitrust sources said on Wednesday.
Lawyers for fugitive director Roman Polanski return to a Los Angeles court on Wednesday and are expected to detail their next steps in a bid to resolve a 30-year-old sex charge against the Oscar-winning maker of The Pianist.
France's interior minister wants to add 23 countries to a list of places whose air travelers face tighter security measures, in response to the botched bombing of a U.S.-bound airliner last month.
U.S. researchers have identified 10 locations in California that have double the rates of autism found in surrounding areas, and these clusters were located in neighborhoods with high concentrations of white, highly educated parents.
At a hearing last fall, U.S. Treasury Secretary Timothy Geithner told lawmakers that he and his team were working to put the $700 billion financial bailout fund out of its misery. But some in Washington now see a second, backdoor bailout in its place.
Calpers, the biggest U.S. public pension fund, said on Tuesday that unofficial election results show Kurato Shimada and Joseph 'J.J.' Jelincic winning member-at-large seats on its board.
Google unveiled the Nexus One smartphone on Tuesday and showed off its many features during a press event, and unveiled its new Web store which will sell the device directly to customers. The Google Nexus comes unlocked to consumers who wish to purchase it online for $529, or $179 with a two-year contract from T-Mobile.
Google Inc took the wraps off of a new Web-enabled smartphone on Tuesday that the Internet giant will sell directly to consumers.
Once upon a time, gangster rapper Game had preconceived notions about eccentric rapper/producer Pharrell Williams -- and vice versa. But the two have since put aside their differences; Williams is the executive producer of Game's fourth studio album, R.E.D..
