By Jessica Donati LONDON | Wed Feb 16, 2011 (Reuters) – Oil prices rose on Wednesday as overnight rioting in Libya added to concerns that an Egypt-style revolt could spread to oil-producing countries in the Middle East.   The latest outbreak of violence in the region drove oil markets higher on fears that […]

NEW YORK (CBSNewYork) — In his first in depth prison interview since his arrest in December 2008, convicted financier Bernard Madoff claimed he did not act alone in orchestrating a Ponzi scheme that wiped out entire fortunes.   Madoff said the banks and hedge funds he dealt with over years employed a “willful blindness” – […]

By Agency Reporter Wednesday, 16 Feb 2011 Federal Reserve Chairman Ben S. Bernanke, in a confidential talk with the commission probing the causes of the financial crisis, said he would defend to his “deathbed” his actions prior to the bankruptcy of Lehman Brothers Holdings Incorporated. According to Bloomberg News on Tuesday, […]