Excerpts from statements made by victims of Bernard Madoff’s financial fraud. Madoff was sentenced to 150 years in prison Monday. “I was introduced to Bernard Madoff 21 years ago at a business meeting. … I now view that day as perhaps the unluckiest day of…
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Bernard Madoff – Prison – Fraud – Business – Ponzi scheme
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Victims lash out at Madoff sentencing
United Air Lines Inc. announced Monday the pricing of its offering of $175 million in principal senior secured notes. The company said the notes were issued at a discount to their face value and carry a coupon of 12.8 percent a year. United said the notes…
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United Airlines – Coupon – Discount – Pricing – Recreation
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United Air Lines sets price for note offering
NEW YORK (Reuters) – Shares of consulting company Watson Wyatt Worldwide tumbled 8 percent on Monday as analysts cited concerns about its $3.5 billion merger with Towers Perrin Forster & Crosby.
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Watson Wyatt shares slide, deal concerns cited
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The Greatest Financial Scandals
Bernard Madoff likely to die in prison after federal court sentences him to 150 year term for multibillion dollar fraud
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Madoff Given 150 Years for Fraud
Sentencing of the 71-year-old Bernard Madoff in a New York courtroom followed his apology and testimony from victims of the multibillion-dollar fraud
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Madoff Gets 150 Years
A San Jose scientist who was barred from the NASA research operation in Santa Cruz over security concerns is suing the NASA Ames Research Center and the FBI. In a lawsuit filed last week in U.S. District Court in San Jose, Haiping Su claims that his career…
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NASA – NASA Ames Research Center – Space – Technology – Santa Cruz
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Scientist sues after being banned from NASA site
NEW YORK (Reuters) – Stocks rose on Monday as higher oil prices boosted energy shares, and signs of life in the global economy and overseas markets renewed investor optimism on the prospects of a recovery.
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Oil and economy optimism lift stocks
Bernard Madoff has apologized to his family and to the victims of his multibillion-dollar fraud scheme. The 71-year-old financier said Monday at his sentencing that he “will live with this pain, this torment, for the rest of my life.” Madoff says that he dug…
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Bernard Madoff – Manhattan – Life imprisonment – Fraud – Business
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At sentencing, Madoff apologizes for fraud scheme
In a June 26 column about renter affordability, The Associated Press reported erroneously that President Barack Obama’s recent budget includes $1.6 billion for 200,000 new housing vouchers. That funding was requested by the Department of Housing and Urban…
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Real estate – Housing – Business – Residential – United States
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Correction: Renter affordability story
Oil prices jumped back above the $70 a barrel threshold Monday as Nigerian militants damaged and partly shut down an offshore oil platform belonging to Royal Dutch Shell PLC. Benchmark crude for August delivery gained $1.74 at $70.90 a barrel on the New York…
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Asia – Singapore – United States Economy – US – Business
NEW YORK (Reuters) – Enterprise Products Partners LP said on Monday that Teppco Partners LP had accepted its sweetened $3.3 billion bid in a deal that would form the largest U.S. publicly traded energy partnership.
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Enterprise Partners to buy Teppco for $3.3 billion
BRUSSELS (Reuters) – U.S. gross domestic product growth is likely to resume in the second half of this year but the U.S. labor market should lag any such improvement, the president of the Federal Reserve Bank of Boston said on Monday.
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Fed’s Rosengren sees GDP growth in late ’09
The new lineup is critical to Motorola’s success and may help margins, but it can’t hold a candle to rivals from Apple, Palm, and Research In Motion