Probe, Investigation | featured news

Spain's governing Popular Party announced Saturday that it will investigate the financial activities of a former treasurer whom a court said had amassed an unexplained €22 million ($29 million) in Swiss bank accounts.

U.S. Secretary of State Hillary Clinton sustained a concussion after becoming dehydrated and fainting, and will no longer testify Thursday before the House Foreign Affairs Committee on the deadly attack on the U.S. consulate in Benghazi, Libya.

U.S. intelligence and State Department officials testified behind closed doors on Capitol Hill on Thursday about the attack on the U.S. diplomatic mission in Benghazi, Libya, that has turned into a contentious issue between Republicans and the administration of President Barack Obama.

The Florida Department of Law Enforcement is conducting an investigating of alleged fraud involving a company hired to register voters by the state's Republican Party.

The official spoke on the condition of anonymity because of the sensitivity of the probe. It is examining whether the firms used a tax strategy to avoid paying hundreds of millions of dollars in taxes. The practice involved converting some fees collected for managing accounts into fund investments, resulting in a lower tax rate.

California is trying to determine whether BofA and its Countrywide Financial subsidiary sold investments backed by risky mortgages to investors in California under false pretenses, a source says. Investigators with the state attorney general's office have subpoenaed Bank of America Corp. in connection with the sale and marketing of troubled mortgage-backed securities to California investors, according to a person familiar with the probe.

The European Commission seized documents from several major banks on Tuesday, marking the intensification of a world-wide law-enforcement probe into how key interest rates are set, the Wall Street Journal said, citing people familiar with the situation.

Securities regulators have sent subpoenas to hedge funds and other trading firms as it probes possible insider trading before the U.S. government's long-term credit rating was cut last month, the Wall Street Journal said, citing people familiar with the matter.

Dozens of employees at Honolulu's airport were fired or suspended after an investigation found workers did not screen checked bags for explosives, the Transportation Security Administration said Friday.

A federal criminal investigation targeting John Edwards is examining how much the two-time presidential candidate knew about money used to cover up his extramarital affair and out-of-wedlock child and whether he had other practices that pushed the bounds of campaign finance laws, people involved in the case have told The Associated Press.