APR
22
2009

´Squawk Box´ Jury Tells Judge It’s Deadlocked on Ex-Brokers

Jurors in the retrial of former Citigroup Inc., Merrill Lynch & Co. and Lehman Brothers Holdings Inc. brokers accused of selling day traders access to internal "squawk boxes" told they a judge they have reached an impasse.

APR
17
2009

Hey, Economics Geniuses! What Happened?

Economists mostly failed to predict the worst economic crisis since the 1930s. Now they can´t agree how to solve it. People are starting to wonder: What good are economists anyway?

APR
17
2009

Strip Search Case Challenges Limits of School Drug Policies

Eighth-grader Savana Redding was scared and confused when an assistant principal searching for drugs ordered her out of math class, searched her backpack and then instructed an administrative aide and school nurse to conduct a strip search.

APR
17
2009

Fake Lawyer Convicted, Faces Up to 25 Years in Prison

A man who duped clients and colleagues into believing he was a lawyer has been convicted of mail fraud and making false statements about his ability to practice law.

APR
17
2009

1 in 5 Firms Face Unfunded Pension Threat

The fate of WolfBlock´s retirees when the 106-year-old firm dissolved prompted us to take a closer look at unfunded pension liabilties in the legal industry. And the consultants we spoke to said law firms should be taking a critical look at those programs, too.

APR
17
2009

US Releases 4 More ´Torture´ Memos, Promises Defense to CIA Workers

The U.S. Department of Justice today released four more Office of Legal Counsel memos providing legal advice to the CIA from 2002 to 2005, as Attorney General Eric Holder promised a free defense and potential indemnification to any CIA employee facing investigation for conduct approved by these memos.

APR
16
2009

Financier Merkin Testified in Madoff Probe, New York Judge Says

J. Ezra Merkin, the financier being sued by New York University over losses related to Bernard Madoff, gave information to regulators investigating the $65 billion fraud, a New York judge said in a ruling.

APR
16
2009

Los Angeles Port Truck Air Rules Win Judge´s Approval

Plans by the ports of Los Angeles and Long Beach, California, to reduce air pollution from trucks are in the public interest and trump competition concerns, a federal judge said, rejecting a Federal Maritime Commission challenge.

APR
16
2009

Obama vows to reform "monstrous" tax code

President Barack Obama promised Americans his administration would reform the "monstrous" U.S. tax system as millions faced the dreaded annual deadline on Wednesday for filing income tax returns.

APR
16
2009

U.S. phone intercepts go beyond legal limits

The National Security Agency intercepted Americans´ e-mails and phone calls in recent months on a scale that went beyond limits set by the U.S. Congress last year, The New York Times reported on Wednesday.

APR
16
2009

Yahoo to cut hundreds of jobs

Yahoo Inc is preparing to lay off several hundred workers in the first round of cuts since Carol Bartz became chief executive in January, a source with knowledge of the situation told Reuters.

APR
16
2009

Mortgage Fraud Is Rarely Prosecuted

Although bank robbers steal less, they´re a lot more likely to be prosecuted criminally than those who commit mortgage fraud and deed thefts.

APR
16
2009

Lawyer Loses Suit Claiming Failure to Read Divorce Decree

A Virginia lawyer has lost a malpractice suit that claimed she negligently failed to read a divorce decree before signing it.

APR
15
2009

From the lab to catching criminals: DNA´s story

It was at about five past nine on a Monday morning 25 years ago that Alec Jeffreys took out a sheet of film from a developing tank that had been left slowly processing over the weekend - and noticed something that would change the face of police investigation.

APR
15
2009

UBS to cut nearly 9,000 more jobs

Switzerland´s largest bank will shed nearly 9,000 more employees as it tries to recover from the global financial crisis, its CEO said Wednesday.

APR
15
2009

Auto Workers Essential to GM’s Future Said to Trump Bondholders

A United Auto Workers union retiree health-care fund will probably get preferential treatment over other unsecured claims in a General Motors Corp. bankruptcy or restructuring, people familiar with the plans said.

APR
15
2009

The Loneliness of the Sole Female US Supreme Court Justice

Serving as the only woman on the U.S. Supreme Court is an isolating job, says Justice Ruth Bader Ginsburg.

APR
14
2009

SEC to review if BofA broke the law

The U.S. Securities and Exchange Commission is reviewing if Bank of America Corp violated federal securities law by failing to disclose to shareholders Merrill Lynch´s plan to pay $3.62 billion in bonuses before they voted for the merger of the banks, the Financial Times said.

APR
14
2009

Telefonica’s Alierta Faces Insider-Trading Case Over 1998 Sale

Telefonica SA Chairman Cesar Alierta will defend himself against criminal charges that he illegaly traded shares of a tobacco company he ran more than 10 years ago at a trial that starts in Madrid today.

APR
14
2009

Obama clears the way for U.S. companies to offer wireless phone and satellite-TV service on the island

President Barack Obama´s decision to allow U.S. telecommunications companies to obtain licenses to operate in Cuba is a cautious first step toward any possible thaw in U.S. trade relations with the Caribbean nation, trade experts say. But Obama held back from bolder steps that he could have taken.

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