Citigroup Inc. was sued by two former brokers who invested billions of dollars in tobacco- settlement money and who claim they were fired to protect the bank when it charged the fund excessive fees.
The US Immigration and Customs Enforcement (ICE) Friday abandoned a pilot program it created to allow certain illegal immigrants to coordinate their removal from the US with ICE without the risk of home raids, arrest or detention.
Federal regulators on Friday shut down Columbian Bank and Trust Co. in Kansas, which was struggling with losses on soured real estate loans. It was the ninth failure this year of a federally insured bank.
Indiana is joining other states in taking legal action against mortgage giant Countrywide Home Loans Inc. for allegedly deceiving borrowers into taking on costly and high-risk loans.
Financial markets need to be more tightly regulated to prevent financial crises and quash perceptions that some firms are too big to fail and will be rescued by the government, central bankers and economists suggested at the Federal Reserve´s annual policy conference.
Germany´s Federal Network Agency has started proceedings against five gas grid operators including units of E.ON AG and RWE AG that may have thwarted government goals to reduce the number of market zones for the fuel.
Russian lawmakers voted unanimously Monday to ask the president to recognize the independence of Georgia´s two rebel provinces, a move likely to anger the small Caucasus nation´s Western allies.
The Bush administration has proposed a new rule intended to allow healthcare workers to refuse to deliver medical services that violate their personal faith.
Apple Inc. (AAPL) Friday said it is investigating why access to iTunes appears to be blocked for users in China after a pro-Tibet album became a hit on the online music store.
In an attempt to reduce the risk of contamination with E. coli and Salmonella, the US Food and Drug Administration will allow food producers of fresh iceberg lettuce and spinach to use irradiation to control food-borne pathogens and extend shelf life, the agency announced on Thursday. The ruling is effective starting with today.
The Justice Department has agreed to delay new rules giving the FBI greater leeway in investigations of suspected terrorists, deferring to concerns by senators that innocent Americans might be targeted.
The International Olympic Committee said on Friday it had asked gymnastics officials to investigate whether the Chinese women´s gymnastics team that won the gold medal had underage athletes, saying "more information has come to light."
Wal-Mart Stores Inc. said it will settle a compensation dispute for $6.75 million with a former vice chairman who once admitted to stealing money from the company and spending it on dog care and a truck upgrade.
The Chicago Urban League (CUL) on Wednesday filed a lawsuit insisting that Illinois´ current school funding scheme be declared unconstitutional in violation of the Illinois Civil Rights Act of 2003.
The Federal Reserve acted on rumors last month and called Credit Suisse Group to see if it had pulled a credit line from Lehman Brothers Holdings Inc, The Wall Street Journal said citing people familiar with the matter.
Intensely private information about Canadians is being indiscriminately spread through cyberspace because it appears in evidence or rulings issued by federal tribunals, federal Privacy Commissioner Jennifer Stoddart said.
The latest round of United Nations climate talks got underway in Ghanian capital Accra Thursday, with over a thousand delegates gathering for a week to iron out the technical details of a new climate change treaty.
U.S. regulators will start on-site inspections next week of about 40 brokerages involved in sales of auction-rate securities, stepping up a nationwide inquiry into whether the firms failed to warn clients the market was collapsing, a person familiar with the matter said.
Fresh off its ´scolding´ for breaking net neutrality laws by throttling BitTorrent users, Comcast has a new proposition, one that will slow Internet for the ISP´s heaviest users during periods of high traffic.
Toymakers Mattel Inc and MGA Entertainment Inc closed the damages phase of a federal trial over ownership of the Bratz doll line on Wednesday, with Mattel demanding that MGA forfeit nearly $2 billion in profits, plus damages, from the franchise.
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