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  • JPMorgan losses revive worries that Washington is unable to regulate Wall Street

    Updated at 2:45 p.m. ET: JPMorgan Chase (JPM) CEO Jamie Dimon is likely to face angry questions at the company's annual meeting Tuesday as massive trading losses raise the question of whether the bank is not only too big to fail, but perhaps too big to r …

  • JPMorgan's blunder amplifies calls for tighter regulation

    Wall Street probably is wishing it never heard of the "Dimon Principle." Major banks hoping to thwart calls for tighter banking restrictions were dealt a blow by news that JPMorgan Chase lost $2 billion in a trading blunder that proponents of new rules say more stringent re …

  • 'Pink slime' maker to close three plants

    A South Dakota beef company said Monday it will close processing plants in three states because of the controversy surrounding a product that critics have dubbed "pink slime." Beef Products Inc. spokesman Rich Jochum said Monday that 650 jobs will be lost when it closes its plan …

  • Feds announce biggest-ever Medicare fraud, totaling $450 million

    Federal prosecutors have charged 107 people, including doctors and nurses, in seven U.S. cities, accusing them of taking part in schemes to cheat the Medicare system out of $452 million through phony billing. Authorities are calling this the largest one-day takedown ever by the  …

  • Can an illegal immigrant become a lawyer?

      Jose Manuel Godinez-Samperio was brought to the United States from Mexico by his parents when he was nine years old. Sixteen years later, he had graduated from his Florida high school as class valedictorian, become an Eagle Scout, completed college and law school, and pas …

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