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Stanford Gets 110 Years For Role In $7B Swindle

Posted: 06/14/2012 - Former Texas billionaire R. Allen Stanford has been sentenced to 110 years in prison for orchestrating one of the largest Ponzi schemes in U.S. history.

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FDIC Joins Fed In Proposing Stricter Capital Rules

Posted: 06/12/2012 - U.S. banks would have to keep a bigger cushion against unexpected losses under rules being proposed by the Federal Deposit Insurance Corp. The requirements are intended to prevent another financial crisis.

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Oil Price Tumbles On Weak Economy

Posted: 06/08/2012 - The price of oil fell below $83 on the prospect of weak economic growth with no immediate assistance from the U.S Federal Reserve.

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Oracle unveils suite of 'Cloud Computing' Services

Posted: 06/06/2012 - Oracle will distribute more than 100 business software applications over the Internet as the company tries to adapt to a computing shift threatening to turn it into a relic.

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Facebook Stock Edges Lower Slightly

Posted: 06/04/2012 - Since the IPO, Facebook's stock has fallen on six of the 10 trading days. It is edging lower again Monday.

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SEC Changing Rules For When Exchanges Halt Trading

Posted: 06/01/2012 - The Securities and Exchange Commission is changing the rules for when a dramatic shift in value of the stock market or individual stocks triggers exchanges to halt trading.

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Facebook Stock Follows Market, Falls Sharply

Posted: 06/01/2012 - Facebook's stock is falling with the broader market following a weak jobs report that showed the U.S. economy adding far fewer jobs than expected.

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US Again Imposes Clean-Energy Tariffs On China

Posted: 05/30/2012 - The Obama administration is moving to impose stiff new tariffs on wind-energy towers made in China, the latest strike in an escalating trade war over clean energy.

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Deals With Banks Stack Fees On College Students

Updated: 05/30/2012 - The U.S. Public Interest Research Group Higher Education Fund says as 900 colleges are pushing students into using payment cards that carry hefty costs.

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