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The Securities and Exchange Commission on Monday accused a New York firm that helped manage complex mortgage securities of defrauding investors as the housing market collapsed.
BP PLC Chief Executive Tony Hayward sought Friday to reassure investors about the fallout of the oil spill, saying the company has "considerable firepower" to cope with costs.
The estate of Jeffry Picower, an investor in Madoff's Ponzi scheme who died last fall, is expected soon to pay at least $2 billion to other investors burned by the fraud.
Recently released emails show how Goldman Sachs built its mortgage business by closely working with lenders such as Washington Mutual and Long Beach, two firms that a Senate review said "polluted the financial system" with souring loans.
A sharply rising number of foreign investors are looking for Los Angeles pre foreclosures and other bargain-priced properties. A number of them are Chinese parents looking for houses for their children who are entering U.S. universities.
Lions Gate urged shareholders to reject a recent tender offer from investor Carl Icahn, calling the bid for the film studio's shares inadequate and coercive.