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Donald Trump vs. Obama Announcement: Promises $5 Million for President's Passport and College Records, Oct. 31 Deadline (VIDEO)

The real estate mogul has to make a $5 million contribution to a charity of President Barack Obama's choice if the President releases all of his college and passport applications and records.


Bank of America Sued for Mortgage Fraud by U.S. Government Seeking $1 Billion in Penalties

The country's second largest bank, Bank of America, has been accused of mortgage fraud in a civil suit filed by the U.S. government in a Manhattan court Wednesday, claiming it sold thousands of home loans that were deliberately processed at such a high speed adequate checks could not be performed, through its Countrywide Financial unit.

Rajat Gupta, former Goldman Exec, Sentenced to Two Years in Prison for Insider Trading, $5 Million Fine

U.S. District Judge Jed Rakoff sentenced the former Goldman Sachs director to two years in prison for insider trading and fined him $5 million in a Manhattan court room yesterday.

Zynga Sweeping Overhaul, Game-maker Cuts Staff, Ends 13 Games and Shutters Boston Office

Zynga Inc has laid off 5 percent of its full-time workforce, shut its Boston office and scaled back in Austin, launching a sweeping overhaul that may also see the social game creator close its Japanese and British offices, Reuters reported Tuesday.


Latest News

Judge Betty Binns Fletcher, of the 9th U.S. Circuit Court of Appeals, died Monday night as reported by the Associated Press. As one of the country's first women lawyers, Fletcher knew discrimination firsthand and fought for the rights of the oppressed.
The couple has officially broken up after three months of dating, Sanchez's rep confirmed to US Weekly Tuesday, as reported by The Daily News.
Rumor has it that the world's top golfer, 23-year-old Irishman Rory McIlroy, is on the verge of signing a 10-year deal with Nike, worth $250 million, according to major media sources.
Warren Buffett, the country's second-richest man and one of the world's most successful investors, told CNBC in an interview Wednesday, that he sees the U.S. economy "inching ahead" despite slowing economies in Europe and Asia.
Priced at $329, Apple unveiled its iPad Mini at a media event held at the California Theater in San Jose this morning. As expected, the tablet is 7.9 inches, and will compete with the likes of Barnes & Noble's Nook Color and the Amazon's Kindle Fire HD.
The acclaimed Hollywood director Tony Scott died from multiple blunt force injuries and drowning, according to an autopsy report released by the Los Angeles County coroner Monday. His death has been listed as a suicide.
AirBnb Inc., which allows travelers to rent private accommodations online around the world, is in discussions with the venture capitalist Peter Thiel about an investment of approximately $150 million, according to inside sources, as reported by The Wall Street Journal.
Forty one year-old disgraced cyclist Lance Armstrong has been stripped of seven Tour de France titles and banned from the sport for life following ratification of United States Anti-Doping Agency's (USADA) sanctions against him by the International Cycling Union (UCI) on Monday. Now the Texas company that paid his prize money may want it back.
Republican presidential candidate Mitt Romney has gone on record as saying he is opposed to Federal Reserve Chairman Ben Bernanke's economic stimulus plans as "ineffective and inflammatory," and has vowed to appoint a new Fed Chair, if he is elected, The New York Times reported today.
Apple's much-anticipated media event to be held at 10 AM Pacific Standard Time today will be video streamed live on the company's website, apple.com, but you have to have Apple hardware to watch it, according to The Next Web.