Associated Press

Senator Carl Levin, the chairman of the Senate Panel investigating the causes of the financial crisis, has lambasted federal bank regulators for ignoring risky transactions at Washington Mutual. He said that regulators “saw the shoddy lending practices, saw the high-risk lending, saw the shoddy...

The Associated Press reported on Friday that a panel at the Food and Drug Administration approved a brain stimulator made by Medtronic Inc. (NYSE: MDT) for the treatment of epilepsy. The panel voted 7 to 5 in favor of the approval and said that Medtronic must conduct follow-up studies of the brain...

The top ten stories of the year 2009 according to the Associated Press are: 1) The U.S. economy continued to sputter throughout the year despite the $787 billion stimulus package. The federal deficit tripled, the jobless rate topped to 10 percent and stocks fell to their lowest levels. Insurance...