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Cerberus To Sell Stake In Bushmaster Gun Maker

Updated: 12/18/2012 - Private equity firm Cerberus Capital Management is planning to sell its stake in Freedom Group, maker of the Bushmaster rifle, following the Newtown, Conn., school shootings.

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HSBC To Pay $1.9 Billion To Settle Money-Laundering Case

Updated: 12/11/2012 - British bank HSBC has agreed to pay $1.9 billion to settle a New York based-probe in connection with the laundering of money from narcotics traffickers in Mexico, U.S. authorities announced Tuesday.

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Kansas Star Casino Revenue Exceeds Expectations

Posted: 12/10/2012 - Lottery officials say revenue from the Kansas Star Casino's first 10 months in operation has exceeded the revenue earned by the two other casinos in Kansas in about the same period.

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U.S. Futures Flap; Consumer Spending Dips

Posted: 11/30/2012 - U.S. stock futures are relatively flat after a government report showing that consumers cut back on spending last month with no growth in personal income.

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Schapiro Stepping Down From SEC; Successor Tapped

Posted: 11/26/2012 - Mary Schapiro will step down as chairman of the Securities and Exchange Commission next month after a tumultuous tenure in which she helped lead the U.S. government's regulatory response to the 2008 financial crisis.

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Fewer Holiday Catalogs But Still Plenty In Mail

Posted: 11/22/2012 - Despite the flood around the holidays, annual catalog circulation by retailers has actually dipped substantially because of a postage increase, a weak economy and more shoppers making purchases online.

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Bernanke Warns Congress To Avoid 'Fiscal Cliff'

Updated: 11/28/2012 - Federal Reserve Chairman Ben Bernanke is warning Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year.

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NY Feds Claim Most Lucrative Insider Trading Case

Updated: 09/06/2013 - Federal authorities in New York have charged a former hedge fund portfolio manager with what they call the most lucrative insider trading scheme in U. S. history, with benefits reaching more than a quarter of a billion dollars.

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