A New York man recruited by al-Qaeda was sentenced to the equivalent of two life terms in prison by a federal judge for plotting to bomb the city’s subway system.
Former Federal Reserve Chairman Alan Greenspan told Bloomberg Television's Betty Liu on 'In the Loop Friday morning that 'markets will crater if we run into any evidence that we can't solve this (fiscal cliff) problem'.
Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one.
On April 14, 2011, James Fan stood on a parking garage landing at Newark Liberty International Airport, a cheer-you-up letter from his young son in his pants pocket, the prospect of a four-story leap facing him.
Billionaire investor George Soros and Och-Ziff Capital Management, the hedge-fund firm with $31.8bn under management, added stakes in American International Group in the third quarter before superstorm Sandy devastated the Eastern U.S.
Former New York State Comptroller Alan Hevesi, who was sentenced to as many as four years in prison last year after pleading guilty in a pay-to-play scandal at the pension fund he once ran, was granted parole.
Google is threatened by a "perfect storm" of litigation with the US Federal Trade Commission (FTC) and the European Commission both readying legal action over how it promotes its own services in search results, and the patent-wielding behaviour of its Motorola Mobility Inc (MMI) phone subsidiary.
Over the past year, the Securities and Exchange Commission received more than 3,000 whistleblower tips from all 50 states and from 49 countries, according to the agency's 2012 Annual Report on the Dodd-Frank Whistleblower Program.
Hedge fund group Man has rid itself of its residual exposure to the collapsed US investment bank Lehman Brothers.
Far too often, C-levels lose sight of the task and get too comfortable, completely disregarding the possibility of getting the boot.
Royal Bank of Scotland apologised to its customers on Friday as it resolved the IT problem which caused money for around 600,000 of them to go missing from their accounts.
Mitsubishi UFJ Financial will buy a UBS unit that provides services to alternative investment funds for as much as $244m to expand its administration business.