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.
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.
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.
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.
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.
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.
President Bush announced Tuesday he would seek a court order to end a ten-day work stoppage at 29 West Coast ports -- a dispute he says is costing the U.S. economy as much as $1 billion a day.
Deputy Attorney General Larry Thompson announced Wednesday that multiple fraud charges have been filed against former Enron chief financial officer Andrew Fastow in connection with last year's billion dollar collapse of the energy giant.
Nearly 300 U.S. agribusinesses, farmers and farm state lawmakers visited Cuba over the weekend for the first U.S. trade show on the Caribbean island in four decades, racking up sales of at least $66 million in cash, Cuba's food import…
WorldCom Inc.'s former controller pleaded guilty to securities fraud, saying he was executing the orders of "senior management" in falsifying records, a misstep that helped create one of the biggest accounting scandals in U.S. history.
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