Financial news on April 3rd, 2010

Business and Financial news
$14 Million for Stanford Victims Fund

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..

By BLOOMBERG NEWS - The New York Times

Health System Bears Cost of Implants With No Warranties

The costs of replacing hip or knee implants that fail are largely paid by Medicare, insurers and patients, not the orthopedics industry. Read more..

By BARRY MEIER - The New York Times

Help Paying Mortgages Elicits Anger

Many angry readers said taxpayers should not be helping unemployed homeowners with their mortgages. Read more..

By TARA SIEGEL BERNARD - The New York Times

Japanese Food Companies Seek Growth Abroad

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..

By MIKI TANIKAWA - The New York Times

John Malkovich Seeks Bigger Madoff Return

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..

By BLOOMBERG NEWS - The New York Times

Judge Dismisses Suit Seeking to Keep A.I.G. Assets in Place

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..

By MARY WILLIAMS WALSH - The New York Times

Pension Funds Still Waiting for Big Payoff From Private Equity

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..

By JENNY ANDERSON - The New York Times

Protect Your Art With More Than a Handshake

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..

By PAUL SULLIVAN - The New York Times

Signs of Life in Sand-State Real Estate

Real estate prices have been recovering in some markets, especially in California and Arizona. Read more..

By FLOYD NORRIS - The New York Times

The Unpaid Intern, Legal or Not

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..

By STEVEN GREENHOUSE - The New York Times

See what else happened on April 3rd, 2010