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A Louisiana businessman was charged Friday with engaging in a Ponzi scheme to defraud about 160 investors - mostly elderly people - out of roughly $19.5 million and using some of the money to pay for cars, cruises, sports tickets and a house.
Overstock.com Inc. said Friday that it received a listing rule violation letter Thursday from the Nasdaq Stock Market related to the recent filing of its third-quarter report.
A former kosher slaughterhouse manager convicted of financial fraud has asked for an acquittal or new trial, saying prosecutors unfairly brought in evidence of immigration violations.
More than 15,000 mobile home owners insured by state-backed Citizens Property insurance Corp. will see an 11 percent increase on their insurance policies in 2010.
Republicans are seizing on this week's recommendations for fewer Pap smears and mammograms to fuel concern about government-rationed medical care - and to try to chip away support by women for President Barack Obama's proposed health care overhaul.
Stocks fell for a third straight day Friday as a disappointing outlook from computer maker Dell Inc. suggested that an economic recovery could be uneven. The market, which has been shuttling between concerns about the economy and traders' need to find high-yielding investments, is back to worrying about the economy. Demand for safe haven investments like Treasurys and the dollar rose for a second day in response to Dell's outlook and comments from European Central Bank President Jean-Claude Trichet, who said the ECB plans to start reining in some of its stimulus programs. A rising dollar also hit commodities producers and exporters.
In a show of unity, Senate Democrats sealed a 60-vote majority needed to advance health care legislation Saturday ahead of an evening showdown with Republicans eager to doom the bill and inflict a punishing defeat on President Barack Obama.
A billboard showing President Barack Obama wearing a turban has sparked a lot of attention at the suburban Denver used car dealership that put it up.
Online retail brokerage TD Ameritrade Holding Corp. said Friday that it will sell $1.25 billion in senior unsecured notes in a public offering and use proceeds to retire debt and stagger the maturity of its long-term bonds.
Huntington Bancshares Inc., parent company of Huntington National Bank, said Friday that it will pay $338.9 million for subordinated bank notes tendered for an offer that expired Thursday.
Among the stock activity stories for Friday, Nov. 20, from AP Financial News:
The New Hampshire attorney general's office wants to force a mortgage company that closed suddenly into bankruptcy.
The Texas Supreme Court on Friday said it will again hear arguments in the nearly 15-year legal battle over accusations that Exxon Mobil Corp. loaded abandoned wells with junk, sludge and even explosives to keep other companies from drilling there.
The U.S. is finally becoming a nation of savers. Now if only we could get something for our money.
North Carolina's state treasurer has unveiled rules banning employees from taking gifts from companies that do substantial business with the agency.
Moody's Investors Service said Friday that it downgraded ratings for Sprint Nextel Corp. because it is taking longer than expected to stanch a deterioration in its profit.