testimony

Martha Stewart Denies Wrongdoing in J.C. Penney Deal

Martha Stewart testified in court on Tuesday that she did nothing wrong when she signed an agreement to open up shops within most of J.C. Penney's stores across the country, despite a preexisting contract to sell some items exclusively at Macy's.

Why You Should Double-Check the Math on Your Mortgage

Attention homeowners with mortgages, whether you're current or in default: Double-check your mortgage bank's math. As recent court testimony explains, there's a real chance that the bank is wrong about how much you owe them, particularly if you're behind on your payments.

J&J Apologizes for Kids Medicine Issues, Phantom Recalls

In testimony before Congress Thursday, Johnson & Johnson's CEO apologized for the problems that have beset his company, including the quality issues with its children's medicines and the "phantom recall" of a batch of Motrin. He also said new batches of its children's medicines should start shipping next week.

JPMorgan Chase Falsified Foreclosure Documents Too

The problem of faulty foreclosure documents isn't limited to GMAC: A JPMorgan Chase employee has testified that she was one of eight managers who combined to sign some 18,000 documents a month without the personal knowledge of the facts that the documents claimed they had.

Overhaul May Transform Mortgage Giants Fannie and Freddie

Mortgage finance giants Fannie Mae and Freddie Mac may not even exist in their current forms after a revamp of the U.S. housing finance system, Assistant Treasury Secretary Michael Barr said on Tuesday. Moreover, "private gains will no longer be subsidized by public losses," he said.

Is Transocean to Blame for
the Gulf Oil Spill?

Though BP has taken the brunt of the blame for the Gulf of Mexico oil spill, the Deepwater Horizon oil rig that exploded was owned by Transocean, and as investigators delve deeper into what happened on April 20, they're focusing more on Transocean's maintenance of the rig.