04/10/14 05:15 PM
BALTIMORE (AP) — Baltimore public school officials say they have accepted the resignation of a high school principal who pleaded guilty in Georgia to stealing nearly $2 million in federal children's nutrition funds. Officials said in a statement Thursday that the system had accepted the...
04/10/14 02:45 PM
NEW YORK (AP) — The once high-flying hedge fund SAC Capital was sentenced on criminal fraud charges Thursday under a $1.8 billion deal that prosecutors say included the largest criminal fine ever imposed in an insider trading case. U.S. District Judge Laura Taylor Swain in Manhattan formally...
04/09/14 04:31 PM
WASHINGTON (AP) — Bank of America Corp. is paying $772 million in fines and refunds to settle regulators' accusations that it misled customers who bought extra credit-card products and illegally charged others for credit monitoring and reporting services they didn't receive. The Consumer...
By Luke Rosiak | 04/09/14 01:18 PM
Political operatives are profiting by using misleading pleas to raise money from people who think they're giving to well-known candidates who don't actually benefit at all. Their donors are often elderly retirees, campaign finance records show. But "scam" PACs have little to fear from the...
By Associated Press | 04/09/14 08:55 AM
South Carolina State University has diverted $6.5 million meant for agriculture research to cover debts since 2007, contributing to its cash flow crisis, the state inspector general said in a report released this week.
By Associated Press | 04/09/14 08:49 AM
WEST PALM BEACH, Fla. (AP) — Two South Florida men are facing fraud charges in an alleged $70 million scheme using investments in so-called "virtual concierge" machines that operate in retail stores. Federal prosecutors said Tuesday that 49-year-old Joseph Signore and 56-year-old Paul...
04/08/14 03:15 PM
CVS Caremark has finalized a $20 million settlement with the Securities and Exchange Commission over accusations that the company misled investors and used improper accounting to boost its performance several years ago. The drugstore chain and pharmacy benefits manager had announced the...
04/08/14 10:45 AM
TOKYO (AP) — A U.S. jury ordered Japanese drugmaker Takeda Pharmaceutical Co. and its U.S. counterpart, Eli Lilly and Co., to pay $9 billion in punitive damages over a diabetes medicine linked to cancer. The drug companies said Tuesday they will "vigorously challenge" the decision. The U.S...
By Luke Rosiak | 04/08/14 05:24 AM
Odds are good that wherever the words "labor" or "arbitration" are mentioned at meetings around the world, somebody from the U.S. Federal Mediation and Conciliation Service will be there.
By Associated Press | 04/07/14 08:26 AM
A government investigation has found that the State Department has incomplete files or is missing files for more than $6 billion in contracts over the last six years.
By Michal Conger | 04/03/14 04:08 PM
A U.S. House member from Utah expressed shock Thursday over what he called "lobbying money" paid to the government of Afghanistan in exchange for laws or programs the U.S. government wants but the Afghan government wouldn't otherwise enact. Last year, the U.S. Agency for International...
By Kelly Cohen | 04/03/14 02:01 PM
The way the Environmental Protection Agency stores extra agency publications is costing an extra $1.5 million annually, according to a new watchdog report. At a warehouse in Blue Ash, Ohio, the EPA is "tying up funds by storing and caring for excess stock," according to the report. Despite...
By Associated Press | 04/03/14 08:36 AM
Two New Jersey towns are contesting findings from the federal government that they are not entitled to certain Superstorm Sandy debris removal reimbursements.
By Associated Press | 04/02/14 08:25 AM
A Minnesota couple who allegedly lived in expensive homes and owned a yacht while taking more than $160,000 in state welfare benefits has been arrested.
By Kelly Cohen | 04/01/14 02:10 PM
Wrongly coded patient visits caused Medicare to overpay hospitals nearly $8 million, an inspector general's report has found. After sampling 110 random line items from hospitals around the country, the Centers for Medicare and Medicaid's IG found that only two were correct. Thus, the IG...
By Mark Tapscott | 04/18/14
By Joel Gehrke | 04/18/14
By Washington Examiner | 04/19/14
By Byron York | 04/19/14
By Timothy P. Carney | 04/19/14