Scott Cohn

Lumber Liquidators ordered its stores to stop selling all Chinese-made laminate flooring effective immediately.

Former Kleiner Perkins Caufield & Byers junior partner Ellen Pao is seeking tens of millions of dollars in damages from her former employer.

JPMorgan Chase is expected to pay about $2 billion to settle an investigation into its dealings with convicted fraudster Bernard Madoff, though no individuals at the bank will be implicated, sources familiar with the agreement told CNBC. The deal, which Manhattan U.S. Attorney Preet Bharara could an…

JPMorgan Chase “failed miserably” as an institution, a U.S. attorney said Tuesday in announcing a record settlement over the company’s role as Bernard Madoff’s bank. It will cost JPMorgan Chase nearly $2.6 billion total to settle allegations that it turned a blind eye to Madoff’s epic Ponzi scheme.…

U.S. authorities are investigating whether JPMorgan Chase tried to impede their investigation of the Bernard Madoff Ponzi scheme, CNBC has learned. The bank is in the final stages of negotiating a $2 billion settlement involving a variety of allegations of misconduct in its role as Madoff’s primary…

In a new email from federal prison, convicted con artist Bernard Madoff claims federal regulators “eagerly accepted” information he offered about JPMorgan Chase, which is in talks with U.S. authorities about a potential $2 billion settlement over its alleged role in the Madoff fraud. “I am not looki…

There is no mistaking the medium-security unit of the Butner Federal Correctional Complex, in Butner, N.C., for anything other than a prison. But Bernard Madoff could have done much worse. The grounds are carefully maintained, and some parts of the facility feel more like a college than a correction…

And the top state for business is ... South Dakota - NBC News

Set it in stone! South Dakota, the home of Mount Rushmore, where the greatest presidents are carved into rock, is this year’s top state for doing business in America, according to CNBC. It finished ahead of Texas, last year’s winner, and neighboring North Dakota, which came third in the annual poll.…

One of the world’s most infamous and longest-running white collar crime cases could come to a dramatic end Friday, when Jeffrey Skilling and federal prosecutors go before a judge in Houston to ask that the former Enron CEO be released early from prison. The hearing before U.S. District Judge Sim Lake—Skilling’s first public appearance in more than six years—is the result of a proposed sentencing agreement first reported by CNBC on April 4. Skilling, now 59, developed Enron’s business model as…

One of the world’s most infamous and longest-running white collar crime cases could come to a dramatic end Friday, when Jeffrey Skilling and federal prosecutors go before a judge in Houston to ask that the former Enron CEO be released early from prison. The hearing before U.S. District Judge Sim La…

Former Enron CEO Jeff Skilling may leave prison by 2017 - NBC News

Former Enron CEO Jeffrey Skilling would be out of prison in 2017—more than 10 years early—under a proposed sentencing agreement submitted to a federal judge in Houston on Wednesday. Under the agreement, which could be finalized within weeks, Skilling would give up all of his remaining rights to appe…

Enron's Jeff Skilling could get early release from prison - NBC News

The biggest prison in the state of Idaho is also the toughest. The Idaho Correctional Center—the ICC — was so violent that employees and inmates had a name for the place: Gladiator School. “That was because of the assaults,” said Todd Goertzen, a former corrections counselor at the prison. “That’s why they called it Gladiator School, because of that reason. If you’re going to ICC, it’s going to be fight or die, basically.” This is the story of a dangerous business: the billions of dollars tha…

A 10-month investigation by CNBC has found that at least two dozen deaths and more than 100 injuries have been linked to the signature product of an iconic American company. The Remington Model 700-series rifle - with more than 5 million sold - is one of the world’s most popular firearms. Famous for its accuracy, the rifle is now the target of a series of lawsuits claiming that it is unsafe and susceptible to firing without pulling the trigger. Remington insists its rifle is safe and free of an…

The 9/11 attacks changed everything five years ago -- including the company whose leaders were supposed to ring the opening bell on Wall Street that day. That bell never rang, of course. The bell at the New York Stock Exchange was silent for four days as a result of the attacks. Sept. 11 was supposed to be a very important day in the life of one company. And it still was. But not at all the way the company’s leaders imagined. It was supposed to be a day of triumph – a $2.5 billion deal just se…

For two years in a row, the Gulf coast has borne the brunt of hurricane season. And the damage has been stunning. But the East Coast is vulnerable, too. And there are growing fears that this year, this economically vital region may be overdue. Here in Norfolk they’re considering some of the worst case scenarios. Even in normal times, there’s water everywhere in Norfolk, a metropolitan area that’s home to more than half a million people and the largest naval base in the world. A Category Three…

Legions of people awaited Thursday’s guilty verdict in the Enron fraud trial, and probably none more anxiously than Enron’s victims. And you don’t have to go far in Houston to find them. Some 20,000 people lost their jobs when Enron collapsed; Laurie Mayer is among them. “I was with Enron a little over three, three-and-a-half years,” she said. “Lost my 401(k) pension, totalling a little over $100,000 at the time.” It’s an unfortunate story, and here in Houston, unfortunately common. Connie Ca…