Shares in the retailing behemoth Wal-Mart have continued to slide as the likelihood appears to grow that the company will face legal recompense for its alleged actions in Mexico.... Read more»
President Barack Obama signed into law the Jumpstart Our Business Startups (JOBS) Act, which is designed to give fast-growing startups a boost.... Read more»
The CEO of Lee Enterprises was awarded a $500k bonus after the troubled newspaper chain emerged from bankruptcy, the firm disclosed Tuesday. Lee publishes the Arizona Daily Star, St. Louis Post-Dispatch, and dozens of other newspapers around the U.S.... Read more»2
The Securities and Exchange Commission filed suit against six former top executives from Fannie Mae and Freddie Mac in Manhattan federal court on Friday, for allegedly misleading investors about the size of the companies’ subprime mortgage holdings.... Read more»
When the Securities and Exchange Commission struck a deal with Citigroup over a failed security that the bank sold to investors, we asked whether regulators had handed Citigroup too sweet a deal.... Read more»
Texas Gov. Rick Perry and his family have reportedly flown to campaign events on the private jet of a wealthy businessman under investigation for possible securities fraud.... Read more»
In a new report , the FBI pats itself on the back for using “sophisticated investigative techniques” to target mortgage fraudsters. Not everyone is impressed. Consumer advocates say the FBI is turning a blind eye to misconduct by big banks.... Read more»
After receiving more than $50 million in government contracts, a Tucson company that once promised to revolutionize warfare with a weapon that shoots lightning bolts is seeing its hopes for further federal funds vaporized. ... Read more»
The SEC, EPA and Department of Health and Human Services could face partial shutdowns this fall, as a politically polarized Congress faces a Sept. 30 deadline to approve a new federal budget.... Read more»
Guess what: If you work for Rupert Murdoch, you may have violated U.S. law. What the government nails you for could depend on how you and your bosses account for your tabloid’s sketchy dealings.... Read more»
For years, the Internal Revenue Service had a reputation as an unwelcoming place for whistleblowers who offered tips about corporate tax dodgers.... Read more»
In setback for corporate lobbyists, whistleblowers can take tips to government investigators first.... Read more»
No top banking executives have been successfully prosecuted in connection with the financial crisis: not for making the bad loans that fed the mortgage machine, not for lying about the quality of the mortgages, and not for foreclosing improperly when homeowners struggled to make loan payments.... Read more»
Top securities regulators Wednesday said financial whistleblowers can bypass internal corporate procedures and report suspected fraud first to government investigators, a setback for big U.S. companies that lobbied hard for the agency to take the opposite approach.... Read more»
As you may have heard, the federal government hit its $14.3 trillion debt limit Monday—something the Treasury has been warning Congress about for months. There are a lot of good explainers out there about what this could mean. Some dig into what actions the Treasury might take; others into the oh-so-exciting history of the debt limit.... Read more»
Major banks with at least $50 billion in assets and any other companies that are designated as systemically important will be subject to stricter regulation to protect the U.S. financial system from another meltdown.... Read more»
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