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Fed Cuts Key Interest Rate

In a bid to help jump-start the U.S. economy, the Federal Open Market Committee Wednesday unanimously decided on a half-point cut in the federal funds rate.

Harvey Pitt’s Resignation Letter

The following is the full text of Securities and Exchange Commission Chairman Harvey Pitt's resignation letter addressed to President George W. Bush.

Quitting and Cutting

Ray Suarez and guests discuss the Fed's decision to cut interest rates and Securities and Exchange Commission Chairman Harvey Pitt's resignation.

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FDIC Sues Ernst & Young

The Federal Deposit Insurance Corporation filed a $548 million fraud and negligence lawsuit against accounting company Ernst & Young on Friday, stemming from the 2001 collapse of Superior Bank, a savings and loan.

Judge Approves Microsoft Settlement

A federal judge on Friday approved most of a settlement the Justice Department reached with Microsoft Corp., ruling against a coalition of nine states and the District of Columbia that argued the terms of the deal were too lenient.

U.S. Economy Remains Vulnerable, New Reports Show

By Admin

Reports released Friday showing unemployment up slightly, a contraction in manufacturing and a cut in consumer spending continued to feed worries about an increasingly shaky U.S. economy.

Microsoft Ruling

Two and a half years after Microsoft is found to be a monopoly, a federal judge endorses the software giant's antitrust settlement with the U.S. government.

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Former Enron Chief Financial Officer Indicted on 78 Counts

A federal grand jury in Houston on Thursday indicted former Enron Chief Financial Officer Andrew Fastow on 78 counts, alleging he organized complex financial deals to inflate the energy-trading company's revenues and defraud its investors.

SEC Orders Probe Into Audit Oversight Chief’s Appointment

Securities and Exchange Commission Chairman Harvey Pitt on Thursday asked the agency's inspector general to investigate William Webster's selection to head a new audit oversight panel.