Financial news on May 23rd, 2009

Business and Financial news
3 Accused of $200 Million Ponzi Scheme in California

Three California men were charged with running a $200 million Ponzi scheme involving thousands of investors, the state attorney general, Jerry Brown, said. The men used investors’ money to finance their estates, jets and cars before their Ponzi sc... Read more..

By BLOOMBERG NEWS - The New York Times

Chrysler Dealers Make Case Against Closings

Chrysler dealers targeted for closings say they were duped into decisions they thought would help the company. Read more..

By NICK BUNKLEY - The New York Times

Firm Led by Ex-Head of Countrywide to Issue I.P.O.

PennyMac Mortgage Investment Trust, the firm led by Stanford Kurland, filed to raise $750 million from an initial public stock sale. Read more..

By BLOOMBERG NEWS - The New York Times

Getting Healthy, With a Little Help From the Boss

Companies are shifting more responsibility for staying well onto their employees, and offering incentives to do so. Read more..

By LESLEY ALDERMAN - The New York Times

Hartmarx Prefers Emerisque’s Buy Offer

Wells Fargo could stand in the way of Emerisque Brands’ $119 million offer to buy the clothier Hartmarx. Read more..


Microsoft Antitrust Hearing in Europe Canceled

Microsoft and the European Commission canceled the only hearing planned in an inquiry into the company's Internet browser after a dispute over the attendance of regulators. Read more..

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

U.S. Jobless Rate Likely to Pass Europe’s

The conventional wisdom that the flexibility to hire and fire in the United States creates more jobs is being badly shaken. Read more..

By FLOYD NORRIS - The New York Times

What, Me Worry? Putting Some Perspective on Panic

If you’re going to fret, at least learn what you really need to wring your hands about. It may not be what you think. Read more..

By ALINA TUGEND - The New York Times

See what else happened on May 23rd, 2009