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Madoff imprisoned - in his penthouse

Bernard Madoff won't have to trade in the comforts of his $7 million penthouse apartment for a tiny jail cell, a judge decided Wednesday. Instead of locking him up in jail, the judge ordered Madoff confined to his posh upper East Side apartment.

Thousands more NYers lose jobs in Nov.

'Twas the week before Christmas and all through the city, thousands more New Yorkers were jobless and in need of more than just pity.

Factory workers claim $207M lottery prize

Fifteen giddy city workers in the western Ohio town of Piqua claimed a $207 million 12-state lottery prize Wednesday, describing plans that range from buying a new truck to quitting a job and travelin

Will Chrysler and GM merge?

General Motors and Chrysler have reopened merger talks, The Wall Street Journal reported Thursday, citing people familiar with the discussions.

Interest rate cuts spur rush to refinance

Homeowners around the country are scrambling to refinance their mortgages at the lowest rates since the early 1960s as the economy staggers through what's likely to be the worst recession in decades.

Chrysler, Ford idle factories; GM halts plant

Chrysler is closing 30 plants for at least a month. Ford will idle factories, and GM will halt a plant. Chrysler and GM fear they might not have enough money to pay their bills in a matter of weeks.

SEC doing what whistleblower asked, 9 years too late

If regulators had only listened to Harry Markopolos, Bernard Madoff might have been shut down before he could have done so much damage.

Help for credit card consumers!

Federal regulators on Thursday adopted sweeping new rules for the credit card industry that will shield consumers from increases in interest rates on existing account balances among other changes.

Jobless clubs spring up in New York

As layoffs rack the nation, jobless clubs are springing up. These clubs are places to socialize with others who are unemployed and to share career tips and advice.

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