JAN
29
2008

Illegal Globally, Bail for Profit Remains in U.S.

Wayne Spath is a bail bondsman, which means he is an insurance salesman, a social worker, a lightly regulated law enforcement agent, a real estate appraiser — and a for-profit wing of the American justice system.

JAN
28
2008

Prosecutor seeks charges against trader

A Paris prosecutor on Monday asked for preliminary charges of forgery, breach of trust and fraud against Jerome Kerviel, accused by Societe Generale bank of causing what may be the largest-ever trading fraud by a single person.

JAN
28
2008

EU eyes air passenger profiling in 2009

The European Union could start collecting air travelers´ personal data from the first half of 2009 as part of efforts to strengthen anti-terrorism measures, top officials for the bloc said Friday.

JAN
28
2008

Economy woes batter global stocks

Persistent fears about the world economy battered global stocks again on Monday and drove investors towards safer assets despite expectations of more interest cuts from the Federal Reserve to bolster growth.

JAN
28
2008

Oil Falls Below $90 as Falling Stock Markets Weigh

Oil dropped more than a dollar towards $89 a barrel on Monday as falling global stock markets spurred profit taking.

JAN
25
2008

City spends heavily to fight suit

The city of Boston has spent more than $1 million on outside lawyers to fight a lawsuit filed by a man who spent 15 years in prison before prosecutors concluded he was wrongly convicted in one of the most notorious murders in Boston in the past quarter century.

JAN
25
2008

Spanish driver sues dead crash cyclist for damage

A Spanish driver who collided with a cyclist is suing the dead youth´s family $29,300 for the damage the impact of his body did to his luxury car, a Spanish newspaper reported on Friday.

JAN
25
2008

Resignation Embarrasses British Government

Prime Minister Gordon Brown’s government suffered its first high-profile casualty on Thursday when Peter Hain, the work and pensions secretary, resigned in the face of a police investigation into his political fund-raising practices.

JAN
25
2008

Senate Looking at Endowments as Tuition Rises

The Senate Finance Committee, increasingly concerned about the rising cost of higher education, demanded detailed information on Thursday from the nation’s 136 wealthiest colleges and universities on how they raised tuition over the last decade, gave out financial aid and managed and spent their endowments.

JAN
25
2008

Russia Talks of a Stability Beyond Ties to the U.S.

In almost a decade since the Russian debt crisis of 1998, finance officials here have amassed an enviable war chest with the largest per capita currency reserves in the world while paying down nearly all sovereign debt.

JAN
24
2008

Bill bans cellphone texting by drivers

The grieving mother of a teenage crash victim watched yesterday as the Massachusetts House passed a bill that would make the state just the third in the nation to specifically ban text messaging while driving.

JAN
24
2008

Gold jumps above $900/oz, platinum hits record

Gold surged 2 percent to trade above $900 on Thursday and platinum hit a historic high, as investors snapped up the metals on dollar weakness and firmer oil prices, analysts said.

JAN
24
2008

Ford loss narrows; to offer buyouts

Ford Motor Co. posted a sharply narrower fourth-quarter loss on Thursday after cutting costs and boosting margins on vehicles and said it expects a net loss for the full year 2008.

JAN
24
2008

Bill Would Place Judicial Constraints on Deferred Prosecution Agreements

A New Jersey congressman introduced legislation on Tuesday that would require federal prosecutors to meet set guidelines before entering deferred prosecution agreements and that would put into judges´ hands the power to appoint and oversee monitors.

JAN
24
2008

$7.1 Billion Fraud Uncovered at Société Générale

The French bank Société Générale said Thursday that it had uncovered "an exceptional fraud" by a trader that would cost it €4.9 billion, or about $7.1 billion, and that it would seek new capital of about $8 billion.

JAN
23
2008

Legal Outsourcing to India Is Growing, but Still Confronts Fundamental Issues

Is it just about cost, or can Indian lawyers do some things better than their American counterparts? Outsourcing legal work to India is no longer a novelty. It´s a reality.

JAN
23
2008

Rise of Chávez Sends Venezuelans to Florida

In December 2002, Ariel Dunaevschi, then the owner of a furniture business in Caracas, Venezuela, was on vacation in New York with his family when opponents of President Hugo Chávez called a crippling labor strike hoping to bring the government to its knees.

JAN
23
2008

Russia’s Gazprom Takes Control of Serbian Oil Monopoly

Serbia announced Tuesday that Russia has bought Serbia’s oil monopoly, the latest in Russia’s recent string of energy acquisitions. The deal will also allow Moscow to send more natural gas to Europe through its South Stream pipeline.

JAN
23
2008

Asian Markets Ease Higher After Rate Cut

The United States Federal Reserve’s surprise rate cut stemmed bloodletting on the Asian stock markets on Wednesday, but heightened fears that a painful recession is imminent for the world’s largest economy.

JAN
22
2008

Yahoo plans to cut hundreds of jobs: source

Yahoo is planning to announce cutbacks later this month that will likely lead to hundreds of job losses at the nearly 14,000 employee company, a source familiar with the plan said on Monday.

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