Financial news on February 23, 2008
Business and Financial news
Two former executives of Marsh Inc., the insurance broker, were convicted Friday on an antitrust charge involving a bid-rigging case brought by New York State prosecutors. Read more..
Three former British bankers were sentenced on Friday to 37 months each in prison for their role in a fraud related to Enron. Read more..
Parents often do not think twice about health coverage when their children head to college, but it might be advantageous to take a second look. Read more..
The American International Group is pulling out the stops to try to prevent its former chief executive, Maurice R. Greenberg, from seeing confidential internal documents. Read more..
Liechtensteiners are eager to show that there is a lot more to their little country than secretive banks and foundations. Read more..
The great clothing price deflation — brought on in part by China’s entry into the world economy — may be over. Read more..
On Friday, a court handed sentenced Volkswagen’s former top labor leader to nearly three years in prison. Read more..
The mortgage crisis has put “for sale” signs in front of houses across the country — including so-called McMansions — the large, expensive, often tasteless homes that have taken up so much suburban space over the last couple of decades. Read more..
I felt guilty, angry and unrepentant all at once — and realized that we had stubbed our toes against a much larger issue: I hate to tell my husband what I spend. Read more..
D.B. Zwirn, a New York hedge fund that has been plagued by accounting irregularities, is closing two of its largest funds after investors demanded the firm return $2 billion. Read more..