Federal Reserve Chairman Ben Bernanke prodded Congress on Friday to enact legislation overhauling the nation's financial regulatory system to prevent a repeat of the banking and credit debacles that had thrust the country into crisis. ...more

October 24, 2009

The cloud that hung over Krispy Kreme Doughnuts Inc. for 4½ years is breaking up. ...more

March 20, 2009

AIG, better known as American International Group, is an insurance company that lost $61.7 billion dollars in the fourth quarter of 2008 — a new record — then got $170 billion dollars of taxpayer money to save it from going bankrupt. ...more

March 20, 2009

At a time when bankers are being pilloried on Capitol Hill as heartless and greedy, Leonard Abess Jr. stands apart. ...more

February 25, 2009

Philip Morris was ordered by a jury to pay $8 million in damages to the widow of a smoker who died of lung cancer in a case that could set a standard for some 8,000 similar Florida lawsuits. ...more

February 18, 2009

It's Cold Up Here We were checking the temperature at Ruskin, near Kings Point where we spent some winters, and noted that on Dec. 20 at 12:50 pm, the temperature was 65 degrees F. The temperature in North York, Ontario, was just under 7 degrees. Oh lucky you! ...more

December 24, 2008

Gov. David Paterson said Friday that the loss of tax revenue from just six Goldman Sachs' executives will cost New York $178 million. ...more

December 19, 2008

The government must toughen its monitoring of the $700 billion financial bailout to ensure that banking institutions limit their top executives' pay and comply with other restrictions, federal auditors said Tuesday in the first comprehensive review of the rescue package. ...more

December 2, 2008

Democratic presidential candidate Barack Obama endorsed the federal government's plan to invest $250 billion in the nation's banks, saying it will strengthen the financial system and give taxpayers some extra protection. ...more

October 15, 2008

In July, the FBI arrested a 35-year-old man and charged him with wire fraud after the Florida Department of Financial Services discovered some $5.7 million in state funds in his personal account. ...more

October 4, 2008