Financial news on May 8th, 2010

Business and Financial news
2 at Faith-Based Bank Are Indicted Over Bribes

Douglas Ballard and Joseph Todd Foster were charged with bank fraud, and a developer, Guy Mitchell, is accused of using funds from the bank to buy an island in the Bahamas. Read more..

By ROBBIE BROWN - The New York Times

Acupuncture Is Popular, but You’ll Need to Pay

A growing number of people are turning to acupuncture for help with conditions including infertility, chronic pain, depression and menopause symptoms. Read more..

By LESLEY ALDERMAN - The New York Times

Capital of the Kingdom of Hawaii

Everyone runs into a brick wall now and then. Read more..

By PATRICK MERRELL - The New York Times

In Britain, the Liberal Democrats vs. the Bankers

The Liberal Democrats are likely to be the kingmakers in the British election, and that seems sure to unnerve the bankers and traders operating in the City of London. Read more..

By CYRUS SANATI - The New York Times

In Insider Trading Case, a Move to Throw Out Wiretaps

Raj Rajaratnam sought to dismiss the government’s most powerful evidence against him: thousands of wiretapped conversations. Read more..

By MICHAEL J. de la MERCED - The New York Times

Ms. Conceptions

Elizabeth Gorski checks in with a very appropriate puzzle. Read more..

By PATRICK MERRELL - The New York Times

Origin of Wall Street’s Plunge Continues to Elude Officials

Officials from federal agencies hunted for clues amid a tangle of electronic trading records to find out what caused Thursday’s near panic on Wall Street. Read more..

By GRAHAM BOWLEY - The New York Times

Spain Recovers, and Portugal Mulls Its Options

The Spanish economy, for all its troubles, came out of the recession last quarter, even if the recovery is still fragile. Read more..

By CHRIS V. NICHOLSON - The New York Times

The New Money Rules for Recent Graduates

While you were in class, some laws and regulations were approved that may change your (financial) life. Read more..

By RON LIEBER - The New York Times

Uncertainty in British Vote Adds to Economic Jitters

In Britain, stocks slid by 4 percent, the pound dropped and risk premiums on 10-year bonds touched a 12-year high. Read more..

By LANDON THOMAS Jr - The New York Times

See what else happened on May 8th, 2010