| Jun 19, 2014
| 3:04 PM
A federal judge has banned a Central Florida investment manager from the securities industry and fined him $660,000 for making false claims and using deceptive advertising about investment returns.
Max J. Zavanelli, a longtime brokerage entrepreneur and...
| Jun 30, 2014
| 7:23 PM
With a record $9-billion fine against BNP Paribas, one of the world's largest banks, the Justice Department aimed Monday to send a clear message to bank shareholders everywhere.
"The $9 billion that's walking out the door today is your money," FBI...
| Jun 19, 2014
| 9:51 AM
American Apparel's abrupt ouster of controversial Chief Executive Dov Charney may pitch the company into bankruptcy by triggering defaults on two outstanding loans, the retailer warned Thursday.
In an SEC filing, American Apparel said the board's...
| Jun 6, 2014
| 1:03 PM
The U.S. Securities and Exchange Commission on Friday accused Wedbush Securities Inc., a Los Angeles investment firm, of illegally allowing thousands of anonymous overseas traders to make billions of dollars' worth of secret trades.
The civil lawsuit...
| Jun 9, 2014
| 9:19 AM
The stock market nudged higher Monday after a handful of U.S. companies announced deals. Family Dollar's stock jumped following news that investor Carl Icahn has taken a stake in the company.
The Standard & Poor's 500 index was up five points, or 0.3...
| Jul 14, 2014
| 8:12 AM
Citigroup Inc has agreed to pay $7 billion to settle a U.S. investigation into shoddy mortgage-backed securities the bank sold in the run-up to the financial crisis, including the largest civil fraud penalty ever levied by the U.S. Justice Department....
| Jul 14, 2014
| 6:39 PM
With Citigroup Inc. agreeing to pay $7 billion for issuing toxic mortgage securities, the Justice Department now turns to settling its case against what analysts call the biggest mortgage miscreant of all: Bank of America Corp.
The government has...
| Jul 16, 2014
| 3:12 AM
A typhoon killed at least 10 people as it churned across the Philippines and shut down the capital, cutting power and prompting the evacuation of almost more than 370,000 people, rescue officials said Wednesday.
The eye of Typhoon Rammasun, the...
| Jul 10, 2014
| 7:31 AM
Stocks tumbled in early trading Thursday as the troubles of a leading Portuguese bank renewed concerns about the European banking sector.
The Dow Jones industrial average fell about 150 points, or nearly 1%. The Standard & Poor's 500 index also was down...
| Jul 1, 2014
| 5:00 AM
It was a slow grind, but U.S. stocks posted gains in the second quarter and first half, extending the bull run into a sixth year.
In a surprise, investors also were rewarded for sticking with bonds, as interest rates resumed their decline after...
| Jun 2, 2014
Debra Sherman worked as a reporter for wire services covering the financial markets and the health care industry for more than 20 years.
After she was diagnosed with metastatic lung cancer in 2013, her bosses at Reuters encouraged her to start a blog on...