Bank of America Corp. was not liable for fraud and subject to a penalty of over $1.2 billion for its actions before the economy collapsed in 2008 despite a jury’s finding to the contrary, a federal appeals court ruled Monday. The 2nd U.S. Circuit Court of Appeal in Manhattan said… Read More

The ‘Oppenheimer Blue’ has sold for a hammer price of 50.6 million Swiss francs ($51.3 million), setting a new record for a diamond sold at auction. The 14.62-carat stone, billed as the largest Vivid Blue diamond ever put up for auction, obliterated Christie’s pre-sale estimate range of between 38 million… Read More

Donald Trump has told the government that his myriad businesses have flourished with rising revenues since his improbable political success, according to financial documents released Wednesday. The presumptive Republican presidential nominee said revenue at his businesses grew by $190 million over the past 17 months, and he had $557 million… Read More

More than 4 million U.S. workers will become newly eligible for overtime pay under rules issued Wednesday by the Obama administration. The rule seeks to bolster overtime protections that have been eroded in recent decades by inflation. A diminishing proportion of workers have benefited from overtime regulations, which date to… Read More

Investors might question Warren Buffett’s long-standing aversion to tech stocks after his Berkshire Hathaway bought 9.8 million shares of Apple. Buffett has always avoided technology companies because he said it was too hard to pick which ones would prevail long term, although he made an exception to that rule to… Read More

A lock of hair from Thomas Jefferson has sold at auction in Texas for $6,875, nearly 190 years after the former president died. Heritage Auctions in Dallas said Saturday’s sale involved 14 strands that were snipped by Jefferson’s personal physician at the time of the statesman’s death on July 4,… Read More

A global finance leader asserts that as much as $2 trillion, or 2 percent of the global economy, in bribe money courses through developing and developed countries each year, undermining economic growth and diminishing basic services most needed by the poor. “Corruption has a pernicious effect on the economy,” the… Read More

A man has beaten the odds by winning $1 million in the New York Lottery for a second time. Lottery officials will be revealing the $1 million winner Wednesday on Long Island. They say the same Suffolk County man won $1 million in 2012. The check presentation will be made… Read More