Sec News

If financial institutions did handle finance, now they seem to practice law. And if regulators once did regulation, now they seem to raise capital.

The U.S. Department of Justice has been asked to investigate whether federal law was violated when Presidential candidate Mitt Romney signed his federal disclosure statement in 2011.

This weekend a college team overtook an opponent in an amazing play in the ninth inning. Not only did they manage to pull off a triple steal and execute a squeeze play, the team also broke a previous record for stolen bases.

Facebook filed its IPO papers with the SEC today, and the social network is expected to debut on the stock exchange in three to four months. The filing reveals Facebook is seeking to raise $5 billion.

Palo Alto - Rumors over a Facebook initial public offering have been emerging across the Internet and in financial circles for some time now. In recent months talk and speculation has been aimed towards Facebook's IPO coming sooner than later.

New York - A federal judge rejected a $285 million dollar settlement between Citigroup and the Securites and Exchange Commission Monday after determining that the American financial watchdog had to prove – rather than just claim - the bank committed fraud.

Birmingham - Racial dominance still plays a role all across the South. This time, things are different, because the South is winning.

With the maneuvering of different colleges trying to get into better conferences so they can have a better chance at winning National Championships, it is time for a change. Teams have been moving for years, but nothing like these last few years.

Daily deal powerhouse Groupon has filed for an IPO, looking to raise $750 million. Groupon says it has 83 million subscribers who receive deals via email.

It is a puzzlement why they chose instead to fight this civil complaint. Goldman Sachs has the financial and political wherewithal to make this disappear.