A 79-year-old former New York accounting firm executive who did work for some of Bernard Madoff's most important clients has earned leniency at sentencing because his cooperation provided new insights into history's largest financial fraud, prosecutors said.
Stocks ended a tumultuous trading week with slight losses Thursday as investors sought safety ahead of an extended holiday weekend.
Trying to close the books on the worst offshore oil spill in U.S. history, BP agreed Thursday to provide billions of dollars in new money to five Gulf Coast states in a deal the company said would bring its full obligations to an estimated $53.8 billion.
Greece slipped deeper into its financial abyss after the bailout program it has relied on for five years expired at midnight Tuesday and the country failed to repay a loan due to the International Monetary Fund.
Greece's prime minister on Friday called a surprise referendum for July 5 on the financially troubled country's fraught bailout talks with international creditors, and government officials are calling on the nation to reject the proposed deal.
U.S. safety regulators are investigating complaints that the power brake assist can fail on some Ford F-150 pickup trucks.
Apple said Thursday that it is removing games from its online app store that feature the Confederate flag in “offensive or mean-spirited ways.”
Consumer sentiment rose this month to the highest level since January, suggesting spending will strengthen this year.
Charter is trying to convince the government that consumers will benefit if it is allowed to create a cable giant through its proposed $67.1 billion acquisition of Time Warner Cable and Bright House.
The Consumer Fi3nancial Protection Bureau released thousands of complaints Thursday from disgruntled customers of banks, credit card companies and other providers of financial services.
Stocks retreated Wednesday, erasing all of the week’s earlier gains, as negotiations between Greece and its creditors seemed no closer to reaching a resolution.
The U.S. economy contracted in the first three months of the year, just not as much as previously estimated.
The IRS is doing business with tax delinquent contractors despite a federal law that bars the tax agency from awarding contracts to these businesses, a government watchdog said Wednesday.
Italian prosecutors are seeking to indict 297 people and the Bank of China in connection with a massive money-laundering investigation reported by The Associated Press earlier this month.
Google will start to censor unauthorized nude photos from its Internet search engine in a policy change aimed at cracking down on a malicious practice known as “revenge porn.”