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US prosecutors charged two investment firm executives who lied about putting funds in tech companies. Instead of investing $17M in Alibaba and the like, money was used to buy luxuries for themselves.

Tom Cruise’s producers for the upcoming film ‘Mena’ have been sued by the widow of the late Hollywood pilot Alan Purwin over the accidental death of her husband. The production companies named in the lawsuit allegedly allowed an inexperienced pilot to operate the aircraft that crashed in the Andes Mountains during the last day of principal photography.

The Federal Reserve corrects a letter it sent to Morgan Stanley regarding its "living will," which is a plan showing to regulators that they can go through bankcruptcy without cost to taxpayers.