House Republicans' plans to hold the line on federal spending and maintaining the cuts demanded by sequestration were thrown into doubt this week. Leaders abruptly pulled a transportation spending bill off the floor, prompting a rare public statement from the Republican chairman of the appropriations committee to lash out at the decision.
Former Goldman Sachs trader Fabrice Tourre was found liable on six of seven counts on Thursday. The Securities and Exchange Commission accused Tourre of misleading investors in a mortgage-linked security.
A couple of guys with serious investment banking experience are moving into the marijuana business. They've launched the first multimillion-dollar private equity fund devoted entirely to what they call the "cannabis space." They're buying companies that provide pot-related goods and services.
Edward Snowden has been granted asylum for up to one year by Russia and has left the transit zone at Moscow's airport where he was holed up for more than a month. The Russian government says a condition for his amnesty is that he not reveal any more information that will damage the United States.
The SEC pursued civil charges against Fabrice Tourre, meaning that his punishment could range from a fine to a lifetime ban from trading in securities. A federal jury in New York City found that Tourre misled investors in a mortgage securities deal.
Last August, a Sikh community in Wisconsin lost six of its members in a mass shooting before Sunday services. Some local Sikhs say they've become more devoted in the year since the tragedy, and have begun wearing turbans and long beards in an effort to raise awareness and understanding of the faith.
Built by a former automobile engineer, the ELF bike is a pedal-driven, solar electric-assisted bicycle that offers its riders some protection from the elements. One customer picked up his new bike in North Carolina — and is riding it home to Massachusetts.
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