The STOCK Act would do little to address the problem of insider trading on Capitol Hill, says Hoover Institute fellow Peter Schweizer.
WASHINGTON (AP) -- In a debate laced with politics, the GOP-controlled House on Wednesday kicked off another session by slating a futile vote against raising the government's borrowing cap by $1.2 trillion as permitted under last summer's bipartisan debt and budget pact.
MIAMI (CBSMiami) – On the same day that thousands of websites including Wikipedia and WordPress have gone dark to protest the Stop Online Privacy Act and Protect IP Act; Florida Senator Marco Rubio announced he was withdrawing his name and support for the bill.
Goldman Sachs was once legendary for its trading prowess.
NEW YORK (AP) -- A hedge fund co-founder, a hedge fund portfolio manager, four financial analysts and a Dell Inc. employee teamed up in a record-setting insider trading scheme that netted more than $61.8 million in illegal profits based on trades of a single stock, authorities said Wednesday as they described a cozy network of friends in finance who made the most of their connections with corrupt employees of technology companies.
Northern Trust Corp., the third- largest independent U.S. custody bank, will eliminate about 700 jobs to join its biggest rivals Bank of New York Mellon Corp. and interest rates hobble profit.
(Reuters) - An investment advisory arm of Swiss bank UBS will pay $300,000 to settle charges that it misled investors through incorrect pricing of securities in three of its mutual funds, U.S. securities regulators said on Tuesday.
CHARLESTON, S.C. -- In an event aimed at swaying undecided South Carolina voters, five Republican presidential hopefuls showed up in Charleston to make the case for why they should be the next GOP nominee.
As a candidate who has raised tens of millions of dollars during his presidential campaign, Mitt Romney did something unusual Saturday while shaking hands after an event in Sumter, South Carolina. He opened his wallet and handed unemployed Ruth Williams some cash. Williams would not say how much money Romney gave her but campaign aides say it was between $50 - 60.
LIMA, Peru (AP) -- A Peruvian court on Friday sentenced Joran van der Sloot to 28 years in prison for murder of a young woman he met at a Lima casino.
Canadian freestyle skier Sarah Burke was in critical condition Thursday after undergoing a successful operation to repair a torn vertebral artery that had caused bleeding to her brain.
Target confirmed on Thursday that it planned to test Apple mini-stores at 25 of its retail locations this year.
Although Former Speaker of the House Newt Gingrich has been in the news of late for attacking former Massachusetts Gov. Mitt Romney for his role at Bain Capital, it seems that Gingrich also had a paid role at a major private equity firm.
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