Newly arrived Republican Sen. Scott Brown of Massachusetts accused President Barack Obama and Democrats on Saturday of a "bitter, destructive and endless" drive to pass health overhaul legislation that Brown warned would be disastrous.
President Barack Obama says he wants projects helping specific states yanked from the health care bill Congress is writing. Democratic senators, being senators, beg to differ.
ith the expected appointment of Janet Yellen to be vice chairman of the Federal Reserve, President Obama would be installing in the central bank's No. 2 spot a close ally of Fed Chairman Ben Bernanke and an economist who views supporting growth as the most immediate challenge ahead.
Washington Mutual Inc. will get more than $6 billion from a global settlement with JPMorgan Chase and the Federal Deposit Insurance Corp. outlined in bankruptcy court Friday.
The Orange County district attorney has filed a lawsuit against Toyota Motor Corp., accusing the automaker of knowingly selling hundreds of thousands of vehicles with acceleration defects.
Federal officials concerned about how much control a few corporations have over the nation's food supply pledged Friday to begin a new era of antitrust enforcement, seeking to balance agricultural power between companies, farmers and consumers.
Bankrupt telecom equipment maker Nortel Networks Corp. said Friday it posted a profit in the fourth quarter, thanks to a large gain related to an asset sale.
An accounting gimmick called Repo 105 provided financial relief for Lehman Brothers in the months before its spectacular collapse, an autopsy of the once-venerable Wall Street house has found. The question now is whether the trickery spells legal jeopardy for executives of Lehman or its auditors Ernst & Young.
FALL OF A WALL STREET TITAN: The investment bank Lehman Brothers, saddled with tens of billions of dollars of troubled assets, collapsed into bankruptcy in September 2008. Its fall precipitated the financial meltdown.
