One in every eight U.S. households, a record share, ended 2008 behind on their mortgage payments or in the foreclosure process as job losses intensified a housing crisis spawned by lax lending practices, the Mortgage Bankers Association said on Thursday.
A wealthy Florida yacht broker, caught up in a federal probe of UBS AG , pleaded guilty on Tuesday to using the Swiss bank to hide more than $3 million in assets from the U.S. government.
A Florida utility and a real estate developer are aiming to bring the country's first solar-powered city to the Sunshine State.
U.S. authorities are opposing an effort to force Bernard Madoff into involuntary bankruptcy, a move some bilked clients contend would help ensure the confessed swindler's personal assets will be used to compensate his victims.
Three members of a U.S. congressional delegation met on Tuesday with former Cuban leader Fidel Castro in his first known talks with U.S. officials since he underwent surgery in July 2006.
Allen Stanford, the billionaire Texan accused of an $8 billion fraud by U.S. regulators, expects to be indicted by a federal grand jury in the next two weeks, according to an ABC News interview released on Monday.
Representatives from at least 15 U.S. states discussed with a federal regulator the possibility of using their pension funds to buy troubled loans and securities, or toxic assets, the Bergen County Record in New Jersey reported.
As investigators delve into the private life and personal possessions of Wall Street swindler Bernard Madoff, at least one thing has become apparent -- he was obsessed with bulls.
The number of U.S. workers filing new claims for jobless benefits surged to a nearly 26-1/2 year high last week, data showed on Thursday, indicating that the pace of job losses was yet to peak.
Massachusetts' securities regulators sued Fairfield Greenwich Group, a major feeder fund for Bernard Madoff's Ponzi scheme, accusing the hedge fund of lying to investors and not exercising enough diligence over investments that were worth billions of dollars.
Stocks rose on Wednesday as data on home sales and manufacturing added to hopes that the economic slump was moderating, prompting investors to scoop up bank shares.
The Walt Disney Co has cut an undisclosed number of workers at its domestic parks this month in a previously announced plan to consolidate behind-the-scenes operations for Walt Disney World in Florida and Disneyland in California, a spokesman said.
Driving shirtless, drinking juice in public, or just forgetting to flush the loo: Here are 10 odd laws that can get you in trouble around the world. When studying...
Investor Wilbur Ross, who made a fortune snapping up distressed companies, said on Thursday he expects as many as 800 more U.S. banks to fail in the next few years.
When NASA launched its shuttle Discovery on Sunday night, it didn't go alone into space.
Magellan Midstream Partners said on Monday it had signed a joint agreement with Poet, the largest U.S. ethanol producer, to study building a dedicated pipeline to carry the biofuel from the U.S. Midwest into the Northeast.
U.S. prosecutors want swindler Bernard Madoff and his wife Ruth to forfeit more than $100 million worth of homes, cars, boats, securities, silverware and a piano following his March 12 guilty plea, according to court papers.
U.S. municipalities, strapped for cash as the recession decimates revenues, are stepping up sales of everything from old police cars, helicopters and bicycles to confiscated jewelry and slot machines in an effort to reduce swollen deficits.
Congress has begun to draft a bill that will require companies like Google to warn its users beforehand of its ad-tracking activity in a bid to protect users’ privacy rights.
Lawyers for jailed swindler Bernard Madoff argued for his release pending sentencing and a list of assets put he and his wife's net worth between $823 million and $826 million, according to court papers filed on Friday.
U.S. municipalities, strapped for cash as the recession decimates revenues, are stepping up sales of everything from old police cars, helicopters and bicycles to confiscated jewelry and slot machines in an effort to reduce swollen deficits.
NASA said there is a high probability of sending its shuttle Discovery to the international space station on Sunday after delaying it for over a month while they fixed a fuel leak.
