The United States indicted Wegelin, the oldest Swiss private bank, on charges that it enabled wealthy Americans to evade taxes on at least $1.2 billion hidden in offshore bank accounts, the U.S. Justice Department said on Thursday.
Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.
US defence secretary Leon Panetta claims growing possibility Israel will attack Iran in nuclear row.
Russia shot down suggestions from some U.N. Security Council members of an imminent deal on a draft resolution aimed at stopping Syria's bloody upheaval, warning it would veto the current text if it were put to a vote on Friday.
The United States, European governments and Arab states have begun discussing the possibility of exile for Bashar al-Assad despite skepticism that the defiant Syrian president is ready to consider such an offer, Western officials say.
The U.S. Air Force said Thursday it plans a $2.8 billion upgrade of about 350 of its aging F-16 multi-role fighter planes to help offset slower purchases of the next-generation F-35 Joint Strike Fighter.
Asian shares and major currencies were stuck in ranges Friday ahead of key U.S. jobs data, which will offer more clues over the state of the world's largest economy, while Greek debt restructuring talks dragged on.
The U.S. Federal Reserve may have more latitude to pursue easy-money policies if inflation runs below its newly-set 2-percent target, though such a move does not guarantee more jobs, a top central bank official said on Thursday.
The Federal Reserve may have more latitude to pursue easy-money policies if inflation runs below its newly-set 2-percent target, though such a move does not guarantee more jobs, a top central bank official said on Thursday.
That Komen receives millions of dollars in funding from various corporate sponsors is no secret, but the controversy lies within the influence these companies might be having on some of the organization's stances. In particular, Komen has consistently denied any possible link between breast cancer and the chemical compound bisphenol A (BPA), which can be found in any number of consumer products sold by its sponsors-Coca-Cola, General Mills, and 3M being among them.
The Susan G. Komen Foundation for the Cure has revoked Planned Parenthood's funding because the group is under federal investigation, but it has not revoked Penn State University's funding, even though Penn State is under federal investigation as well.
The first thing the 1,000 or so new post-IPO Facebook millionaire employees might need: a reality check.
The Electronic Frontier Foundation on Thursday asked federal prosecutors and lawyers for the Megaupload.com file-sharing service to allow users who uploaded material to retrieve it as long as it was not copyrighted material.
The hype over Facebook's initial public offering has excited investors revisiting other social media companies, even though most of those stocks have plunged since the fanfare of their own IPOs.
U.S. Treasury Secretary Timothy Geithner sounded a relatively cautious note on the state of capital markets regulation reform Thursday, detailing the work various branches of the federal executive have done, what the results had been so far, and what expectations he held for 2012.
Faced with international political tensions, disruptive weather and natural disasters and global economic woes, oil companies in the U.S. and Europe reported overall declining earnings for the fourth quarter, even as they earned. The good news is that the U.S. became a net energy exporter for the first time since 1949.
Donald Trump officially endorsed Mitt Romney for president on Thursday, praising the Republican front-runner for his business sense and stance on foreign policy.
Senators sparred on Thursday over the impending cut of more than half a trillion dollars from the military budget, with Republicans trying to avert cuts that Democrats insisted were mandated by law.
Venture capital firms are now placing more and bigger bets on Chinese internet companies, making China the second-largest recipient of venture capital financing in terms of deal volume for the first time in 2011.
The Super Bowl quarterbacks have taken different and seemingly opposite routes through
Three years ago Gabe Collins was on the front line in Kandahar province, one of the most dangerous places in war-ravaged Afghanistan, conducting search and rescue missions with the U.S. Navy.
The NDAA was passed more than a month ago, but opponents are keeping up their fight to get the U.S. Congress to repeal the National Defense Authorization Act.
