| May 16, 2012
| 10:27 AM
NEW YORK -- The director of the Federal Bureau of Investigation said Wednesday that the agency has opened an investigation into JPMorgan Chase, the nation's largest bank.
"All I can say is that we have opened a preliminary investigation," Robert...
| May 11, 2012
| 3:01 PM
The people of the United States owe the Chinese government a few trillion dollars and is lucky if it can pay the interest on the loan.
China with it's gold backed currency standard wants to become the dominant world currency. It is the wealthiest...
| May 16, 2012
Harold A. "Red" Poling, a former Ford Motor Co. chairman and chief executive officer who helped lead the automaker through two recessions, has died. He was 86.
Poling died Saturday at his home in Pacific Grove, on the Monterey Peninsula, the Dearborn,...
| May 25, 2012
| 9:55 PM
Several weeks ago, we were asked whether it made sense to buy insurance on a property's value that would pay off if the value declined. We suggested that buying property value insurance when property prices are the lowest they have been relative to income...
| Oct 31, 2012
| 6:27 PM
The Pasadena law firm that defended Glendale in lawsuits stemming from a 2005 mudslide that cost the city nearly $15.4 million has agreed to pay $98,500 to settle a malpractice lawsuit, according to a City Council announcement this week.
| Aug 24, 2012
| 4:04 PM
The Hartford's executive who was promised a bonus of as much as $2 million if he stayed through the end of February 2013 — even if the company cut him loose sooner — has been given notice of his last day of work, and he will get three-...
| May 31, 2012
| 11:43 AM
American International Group Inc., AIG, and its workers compensation insurance affiliates will pay Pennsylvania more than $16.8 million in fines and assessments, Insurance Commissioner Michael Consedine announced today.
This reflects a settlement...
| Jun 27, 2012
While all eyes are on the Supreme Court and Obamacare, a quieter battle is being waged against the president's other major initiative, the Dodd-Frank financial reform act.
Wall Street has already watered down or delayed most of Dodd-Frank. Now it wants...
| Jun 27, 2012
| 11:17 AM
American companies are getting a bit hesitant about buying back their own stock.
Share repurchases by large companies fell in the first three months of this year, the second consecutive quarter of declining buybacks, according to Standard & Poor’...
| Jan 26, 2012
| 4:11 AM
WASHINGTON (AP)— A government watchdog says U.S. taxpayers are still owed $132.9 billion that companies haven’t repaid from the financial bailout, and some of that will never be recovered.
The bailout launched at the height of the financial...
| Sep 12, 2012
| 5:29 AM
WASHINGTON (AP)— The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far.
In the 14 months...