Financial news on April 3rd, 2010
Business and Financial news
Sales of assets in Panama by the Securities and Exchange Commission will be used to repay investors in the suspected fraud by Stanford Financial Group. Read more..
The costs of replacing hip or knee implants that fail are largely paid by Medicare, insurers and patients, not the orthopedics industry. Read more..
Many angry readers said taxpayers should not be helping unemployed homeowners with their mortgages. Read more..
While Japan is well known for its products in the auto and technology sectors, the same is not so true for the grocery business. Some companies are trying to change that. Read more..
John Malkovich, the actor, is seeking to recover $2.3 million from an account he had with the securities firm of Bernard L. Madoff. Read more..
A judge said the plaintiffs lacked standing to sue under the Unfair Competition Law but did not rule on the merits of their allegations. Read more..
The 10 largest U.S. public pension funds have paid firms $17 billion in fees since 2000, but few ended up collecting the large returns that managers often held out to attract pension money. Read more..
Collectors of fine art may put their property at risk of theft through haphazard agreements with galleries, but the peril of damage through neglect and carelessness is more likely. Read more..
Real estate prices have been recovering in some markets, especially in California and Arizona. Read more..
The number of unpaid internships has climbed in recent years, leading officials to worry that employers are illegally using interns for free labor. Read more..