William S. Lerach was sentenced to two years in prison and ordered to forfeit $7.75 million for concealing illegal payments to a plaintiff in class-action lawsuits. Read more..

By MICHAEL PARRISH - The New York Times

Even borrowers with strong credit are falling behind on their payments for home loans, auto loans and credit cards at a quickening pace as home values fall. Read more..

By VIKAS BAJAJ and LOUISE STORY - The New York Times

The Kimberly-Clark Corporation, the maker of Huggies diapers and Scott paper towels, plans to build two plants in Peru as part of a plan to make the country its South American hub. The company, based in Dallas, will double its personnel in Peru to... Read more..

By BLOOMBERG NEWS - The New York Times

The European Union’s telecommunications commissioner said she would seek limits on the price Europeans pay to send short text messages when traveling outside their home countries, unless operators lower the charges by July. The commissioner, Vivia... Read more..

By KEVIN J. O'BRIEN - The New York Times

The New York Times Company, under pressure from hedge funds that want to gain representation on its board, nominated two candidates of its own, Robert E. Denham and Dawn Lepore. Read more..

By THE NEW YORK TIMES - The New York Times