A federal grand jury today indicted former KB Home Chairman Bruce Karatz on charges that he engineered a scheme to defraud shareholders by awarding himself and other executives of the Los Angeles home builder millions of... [full story]

Russian Prime Minister Vladimir Putin rejected the rumors about the possibility of a new currency to appear in the world, RIA Novosti reports. Putin also urged not to compare the current crisis in the USA with the Great Depression. “There... [full story]

The Bank of Canada stressed on Thursday the urgency of fiscal action to stimulate spending and ease credit as a string of bad economic news batters consumer and business confidence. Pierre Duguay, deputy governor at the... [full story]

More than 8.3 million U.S. mortgage holders owed more on their loans in the fourth quarter than their property was worth as the recession cut home values by $2.4 trillion last year, First American CoreLogic said. An additional... [full story]

More than a dozen Wall Street trading firms systematically cheated their customers of millions of dollars by improperly slicing bits of profit from countless trades, federal regulators said on Wednesday.... [full story]

  AIG almost collapsed in September after ratings agency downgrades triggered demands for billions of dollars in extra collateral from firms that had bought derivative-based protection from the insurer on... [full story]

Not long ago I started to wonder exactly what the threats were to the US Dollar since this, coupled with certain other smaller economic factors, seems to be the lynch pin of either the success or failure of current American... [full story]

If you’re inclined to believe Igor Panarin, and the Kremlin wouldn’t mind if you did, then President Barack Obama will order martial law this year, the U.S. will split into six rump-states before 2011, and Russia... [full story]

Demand for gold increased by 64% in 2008, with most investors preferring physical gold such as bars or coins, according to the World Gold Council (WGC). A report released by Lipper Fund Market Information (FMI) says that... [full story]

If it wasn't already obvious, this week's $30 billion check that the U.S. Treasury handed to insurer American International Group should demonstrate the folly of propping up crippled companies. This is the fourth bailout... [full story]