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La. businessman indicted in alleged Ponzi scheme
Posted: 11/20/09 6:30PM
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A Louisiana businessman was charged Friday with engaging in a Ponzi scheme to defraud about 160 investors - mostly elderly people - out of roughly $19.5 million and using some of the money to pay for cars, cruises, sports tickets and a house.
Former Iowa slaughterhouse manager seeks acquittal
Posted: 11/20/09 6:30PM
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A former kosher slaughterhouse manager convicted of financial fraud has asked for an acquittal or new trial, saying prosecutors unfairly brought in evidence of immigration violations.
Nasdaq notifies Overstock it violated listing rule
Posted: 11/20/09 6:30PM
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Overstock.com Inc. said Friday that it received a listing rule violation letter Thursday from the Nasdaq Stock Market related to the recent filing of its third-quarter report.
Small Florida bank shuttered, 124th this year
Posted: 11/20/09 5:29PM
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Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling economy and rising loan defaults.
GOP: Health test recommendations could affect care
Posted: 11/20/09 5:28PM
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Republicans are seizing on this week's recommendations for fewer pap smears and mammograms to fuel concern about government-rationed medical care - and to try to chip away support by women for President Barack Obama's proposed health care overhaul.
Fla. commissioner OKs Citizens Property rate hikes
Posted: 11/20/09 5:28PM
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More than 15,000 mobile home owners insured by state-backed Citizens Property insurance Corp. will see an 11 percent increase on their insurance policies in 2010.
CP Business Headlines
- Hershey may make US$17-billion bid for Cadbury, topping Kraft, Journal reports
- As interest rates fall back near zero, there aren't many happy returns
- Judge reserves decision on whether Scotiabank overtime suit can move forward
- Consumers trade up for less on latest electronics as prices come down
- Transat beefs up France operations by teaming with travel agency network
- AbitibiBowater juggles to avoid large tax bills from $250 million loan
- Hershey may make $17 billion bid for Cadbury, topping Kraft, Journal reports
- Two bidders vie for Nortel's optical networking business in auction
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