Billionaire Steven Cohen's hedge fund pleaded not guilty to five separate criminal charges in federal court.
Legal & Regulatory
Detroit court judge overrules charges against governor, emergency manager
Bankruptcy court judge suspends charges made by employees and pension holders to bring focus of the case back into Detroit courtroom.
Richmond Federal Reserve president advises quick exit from bond-buying program
Federal Reserve must dissolve bond-buying program quickly, according to Richmond Fed leader Jeffrey Lacker.
Senate to improve student loan rates with new bipartisan deal
Senate, backed by President Barack Obama and Education Secretary Arne Duncan, approved the bipartisan deal that would reverse spike in student interest loans.
EU, China defuse biggest trade row to date
China and the European Union have agreed on a trade price and concluded a six-week dispute over Chinese solar panels.
Latest News
Fabrice Tourre, former Goldman Sachs junior executive, contested the charges against him when he took the stand on Wednesday.
The Federal Reserve said that Ally Financial Inc.'s GMAC Mortgage will pay a total of USD 230 million to borrowers as settlement for handling foreclosures improperly.
SAC Capital Advisors' CEO Steven A. Cohen's lawyers will contend he does not have time to look into each of his employees activities to argue his lack of liability over a civil complaint.
Local governments that filed for Chapter 9 did not exactly have happy endings. Detroit officials may be hopeful that their Chapter 9 bankruptcy filing will ultimately strengthen their economy, but history has shown otherwise.
The European Commission accepted the book publisher's pledge to end its ebook deals with Apple that breached EU laws on competition.
William Hague said that he is calling for a reform in the European Union competences. UK foreign secretary, William Hague, called for a reform to decentralize power in the European Union for the benefit of all of its members, not just Britain.
The European Union weighs options regarding the military wing of Hezbollah as Britain persuaded its peers to blacklist the Shi'ite Muslim group's military wing.
America's Motor City files for bankruptcy due to the decline in population and financial mismanagement.
Two private equity funds owned by Sun Capital Advisors Inc. are held liable for an employer's withdrawal in a pension plan.
