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An image showing the headquarters of Fannie Mae and Freddie Mac

Major U.S. Banks Face Federal Lawsuit Over Mortgages

Some of the nation's largest banks are under threat of a mortgage lawsuit from the federal agency that oversees the mortgage giants Fannie Mae and Freddie Mac.

Fear of Poor U.S. Job Numbers Spooks European Markets

European shares fell sharply on Friday, snapping a four-session rally, as traders feared U.S. non-farm payrolls numbers could signal a return to recession.

Florida Psychics Charged in $40 Million Scam; High-Profile Victims Duped by Bizarre Claims

A Florida family that amassed a $40 million fortune by claiming to possess clairvoyant powers for the past 20 years, has been charged with swindling victims, including a best-selling romance author who gave $20 million.

Five Patients Blinded by Avastin in Los Angeles

Five patients treated for eye disease were blinded after being injected with Roche Holding AG's Avastin at the Los Angeles Veterans Affairs Medical Center, The New York Times reports.

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Ned Kelly: Remains Identified But Skull Still at Large

Kelly's skull was last thought to have sat on the desk of a Victorian state police detective in 1929. The successful identification of Kelly's remains happened 131 years after he was hanged for murder. Scientists used DNA from Kelly's great great nephew, a Melbourne teacher, Leigh Olver, to identify his bones from others in a mass prison grave.

File picture shows a New York City fireman calling for more rescue workers to make their way into the rubble of the World Trade Center

9/11 Rescuers Face Higher Cancer Risk: Study

The link between cancer and 9/11 first-responders has been confirmed in a new study. According to British medical journal The Lancet, firefighters who worked in the rubble of the World Trade towers are 19 percent more likely to develop cancer than those who didn't.

Gulf Oil Workers Evacuated as Storm Gathers [PHOTOS]

Whether Hurricane Katia will have any impact on the United States is still uncertain, but forecasters are keeping a watchful eye on a new tropical threat in the Gulf of Mexico.

CVS Stock Review: There's A Reason the Drug Store Chain Has Grown

Longer-term, the CVS story remains enviable: CVS has helped transform the drug store sector from a neighborhood-oriented, proprietor-owned sector in to a methodical, scalable, profitable corporate business model.

Jury Unable to Reach Verdict in Murder of Gay Teen

A judge said he may have to declare a mistrial in the murder trial of Brandon McInerney, who is charged with killing gay classmate Lawrence King in 2008, if jurors do not come to verdict.

Hurricane Irene Damage: Real Concern Is Flooding, Not Winds

It is a mistake to focus just on a hurricane's wind speed. Of the most catastrophic hurricanes in United States history, the majority were so devastating because of the flooding caused by a combination of heavy rainfall and storm surges, not because of the winds themselves.

Belak death adds to tragic off-season for league

Recently retired NHL tough guy Wade Belak was found dead in a Toronto hotel Wednesday, adding to an off-season of tragedy for the National Hockey League.

Erica Abbott Cycling Death Was 'Totally Preventable': Hurricane Irene, New Construction to Blame

29-year old cyclist was killed after swerving out of the way of construction debris

N.Y. Deputy Mayor Stephen Goldsmith Resigned After Domestic-Violence Arrest

One of New York City's highest ranking officials resigned last month, but what Mayor Michael Bloomberg's administration failed to disclose was that his Deputy Mayor Stephen Goldsmith has been arrested on domestic-violence charges before his resignation.

Gold down but off lows on soft U.S. data, Fed hopes

Gold Price Falls on Strength of U.S. Dollar, Economy

Gold prices slipped a bit Thursday as a stronger dollar and signs that the U.S. economy is growing and avoiding a double-dip recession.

Cadillac to Launch Compact ATS Sedan in 2012

It's the automotive world’s version of the popular Tall, Grande and Venti sizes of coffee cups at Starbucks.

French Socialists uneasy as Strauss-Kahn to return

France's Socialists are distancing themselves from Dominique Strauss-Kahn as the ex-IMF chief, once their best-placed presidential contender but now dogged by sex assault accusations, prepares to return from the United States.

Ned Kelly: How Mick Jagger Almost Ruined the Australian Icon

Not only was Jagger not Australian, he was not even of Irish descent; and he was much shorter and slighter than the big, burly, muscular Kelly.

Samsung Galaxy S2's Different Versions Pitted Against Verizon’s Motorola Droid Bionic

In what seems to be a twist in the tale Verizon is not offering Samsung Galaxy S2, effectively making Motorola Droid Bionic the ultimate phone to receive all the attention in the days to come.

Analysis: As massive debt maturities loom, U.S. needs to extend

Insatiable demand for safe haven U.S. government bonds is helping mask a potentially huge financial problem -- the need to extend the maturity of debt issued by the United States.

Gold Falls as Strong Economic Data Lifts Stocks

Gold fell Thursday on indications from both sides of the Atlantic that economic activity was picking up, a development that encouraged investors to leave various so-called safe-having investments like gold and Treasuries for the promise of equities.

BNY Mellon's Chairman and CEO Kelly speaks at the Global Financial Forum in New York

Bank of New York Fired CEO Kelly for 'Abrasive' Style: Report

Bank of New York Mellon Corp. chief executive officer Robert Kelly was fired for an abrasive management style, according to CNBC.

A flooded street in Wayne, N.J. from Hurricane Irene

5 Things to Know About a Hurricane

Now that Hurricane season is in full force, with Irene making the first strike on the U.S. since Ike in 2008 and Hurricane Katia warming up in the Atlantic late this week, it's time to take a crash course. Here are five things to know about a hurricane.