Financial news on May 23, 2009
Business and Financial news
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..
Chrysler dealers targeted for closings say they were duped into decisions they thought would help the company. Read more..
PennyMac Mortgage Investment Trust, the firm led by Stanford Kurland, filed to raise $750 million from an initial public stock sale. Read more..
Companies are shifting more responsibility for staying well onto their employees, and offering incentives to do so. Read more..
Wells Fargo could stand in the way of Emerisque Brands’ $119 million offer to buy the clothier Hartmarx. Read more..
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..
The conventional wisdom that the flexibility to hire and fire in the United States creates more jobs is being badly shaken. Read more..
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..