Ruth Madoff, the wife of epic swindler Bernard Madoff who reaped billions and a lavish family lifestyle, will be left with $2.5 million and have to look for a new home as she forfeits claim to some $80 million in assets.
A fight broke out on a Florida bus when news of Michael Jackson's death sparked debate over whether he should be remembered as a great musical talent, and one passenger was charged with assault, police said on Friday.
A sweeping U.S. credit card law will mean sharply lower revenue for issuers and may force some out of business, but some of the market leaders could end up even stronger.
A bipartisan panel armed with subpoena power to investigate causes of the Wall Street meltdown is on the brink of being launched, as Congress embarks on an ambitious effort to reform policing of the financial sector.
A bipartisan panel armed with subpoena power to investigate causes of the Wall Street meltdown is on the brink of being launched, as Congress embarks on an ambitious effort to reform policing of the financial sector.
It was 26 years ago and Cuba's then-leader, Fidel Castro, foresaw today's global economic crisis, a Cuban official said on Wednesday.
At least three small, cash-strapped banks have stopped paying U.S. government dividends that they owe from taking part in the Treasury's Troubled Asset Relief Program, The Wall Street Journal reported late Monday.
The U.S. Justice Department said it was not planning to drop its lawsuit seeking to force UBS AG to disclose thousands of the Swiss bank's U.S. customers with secret accounts.
The U.S. Justice Department said on Tuesday it is not planning to drop its lawsuit seeking to force UBS AG to disclose thousands of the Swiss bank's U.S. customers with secret accounts.
U.S. stock index futures pointed to a higher open on Wall Street on Friday, as stocks were poised to add to the previous session's gains.
Chief executives of some banks that received federal money, including Bank of America Corp, Morgan Stanley and Regions Financial Corp, used company jets for their personal use, the Wall Street Journal reported on its website.
The Lakers - a franchise valued at $584 million by Forbes - celebrated the team's 15th NBA championship parade on Wednesday marching in double decker buses from the Staples Center to the Coliseum in Los Angeles.
A U.S. Senate committee on Wednesday approved a comprehensive energy package that would require utilities to generate 15 percent of electricity from renewable sources such as solar and wind power by 2021.
Two weeks before the sentencing of Bernard Madoff for his $65 billion swindle, the judge who will decide his fate has received more than 100 angry letters from defrauded investors suggesting his punishment.
The launch of space shuttle Endeavour was delayed at least until Wednesday due to a leak of hydrogen in the venting system used to carry excess hydrogen safely away from the launch pad, NASA said Saturday .
Hartford Financial Services Group Inc said it will take as much as $3.4 billion of federal bailout money and sell up to $750 million of common stock to bolster capital after large losses on investments.
Hartford Financial Services Group Inc said it will take as much as $3.4 billion of federal bailout money and sell up to $750 million of common stock to bolster capital after large losses on investments.
U.S. bankruptcy filings rose in the first quarter to the highest since 2005, government data show, as rising unemployment, falling housing prices and tight credit made it harder for people to hold off their creditors.
NASA, which has tiptoed into the new world of social media with Twittering astronauts and Facebooking rovers, is taking the next step with an invitation-only outreach to the twedia to cover a space shuttle launch.
Three private equity firms have agreed to invest up to $450 million in First Southern Bancorp Inc, giving them control of a small Florida lender that could be used to acquire more banks.
The State of Florida took a major step forward to save lives and protect children yesterday when Governor Charlie Crist signed a $1 per pack surcharge into law.
A pickup in U.S. home sales has kindled hopes for a housing recovery, but plunging prices, rising unemployment and a new wave of foreclosures are clouding prospects for a quick end to the American real estate debacle.
