Nov 01 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. Continue reading
Nov 01 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. Continue reading
Nov 01 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. Continue reading
Nov 01 Watch 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. Continue watching
Oct 31 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. Continue reading
Oct 31 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. Continue reading
Oct 24 Watch Update: On the Waterfront Spencer Michels updates the dock workers story. Continue watching
Oct 17 Watch Market Moods Ray Suarez assesses Wall Street's mood swings with Gretchen Morgenson, financial writer and columnist for The New York Times. Continue watching
Oct 10 Watch Profits and Principles Jeffrey Kaye looks at two companies in Southern California that are trying to prove that the garment business can make a profit without exploiting their workers. Continue watching
Oct 09 West Coast Ports to Reopen Following Court Order As 29 major ports on the West Coast prepared to reopen Wednesday, workers and shipping companies faced what they said would be the unwieldy process of unloading billions of dollars worth of idle cargo. Continue reading