Man Buys 650 Foreclosures All At Once for $4.8M

Until a year ago, Bill McMachen, 71, had never bought or sold a foreclosed home. Then in 2011 he bought one for $12,000 and flipped it a week later for $18,000. “That...

Feds Probe Money Transfers at Adelson’s Sands Casino

WASHINGTON (AP) – The U.S. Justice Department is investigating whether Las Vegas Sands Corp., owned by high-profile Republican donor Sheldon Adelson, broke federal law by failing to report millions...

Goldman Sachs To Invest $9.6 Million In Rikers Island Jail Program

NEW YORK -- New York City says Goldman Sachs will invest almost $10 million in a new jail initiative that will allow the investment firm to profit if the...

New Webmail Service Takes Aim at Gmail

Microsoft has spent the summer showing off major changes the way it does things. An all-new Windows 8 ... its first computing devices, the Microsoft Surface tablet ... as...

Delta Air Lines to Shut Down Comair

Delta Air Lines Inc will shut down its Comair subsidiary as it cuts back on low-margin regional flying. The second-biggest U.S. airline said Comair, which serves Delta's midwest and east...

Madoff Trustee Asking Court for Permission to Distribute more Money to Victims

Victims of imprisoned Bernard Madoff's Ponzi scheme could be getting back more of their stolen money. Irving Picard, the trustee in charge of liquidating Madoff's assets, is asking a New...

UPS sees Global Economy Getting Worse

NEW YORK – UPS expects the global economy to get worse before it gets better. Again. The world's largest package delivery company is more pessimistic about U.S. growth than many economists....

US Poverty on Track to Rise to Highest Since 1960s

The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid...

Capital One to Refund $150M to Customers to Settle Case

The new Consumer Financial Protection Bureau announced its first enforcement action today, with Capital One Bank paying $210 million to settle charges that it deceived credit card customers into buying...

One World Trade Center More Than Half Leased

NEW YORK -- The U.S. government has agreed to lease six floors of 1 World Trade Center, which ensures that at least half the tower will have paying tenants...

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IDF Officer Wounded by Palestinian Sniper: I Was Saved by a Miracle

IDF Lieutenant Bar Vaknin of the elite Givati Brigade declared on Sunday that he was saved by a miracle after being shot in the...

Groups Demand U of Michigan Sanction Educators Advocating BDS

Nearly 60 organizations called on University of Michigan president Mark Schlissel to sanction professors at the public research university who engage in the BDS movement. They...

Israeli Report Shows How Syrian Fire Took Down Russian Plane

Following an urgent meeting between Israeli and Russian military officials after the downing of a Russian spy plane over Syria, a 40-page report reveals...

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