Financial news on March 28th, 2009
Business and Financial news
A class-action lawsuit against Nicholas Cosmo says his Long Island office effectively had its own Bank of America branch. Read more..
Unless a better bid emerges, the stock trading business that was the pride of Bernard L. Madoff’s business will be sold for just $15 million. Read more..
Avigen is one of several biotech businesses that have been under pressure from investors to liquidate after a setback. Read more..
Consumers who are trying new compact fluorescent bulbs say they sometimes fail to work, or wear out early. Read more..
Mr. Levine’s easily accessible explanations of monetary policy made the economy a staple of television news. Read more..
The casino operator staved off a bankruptcy filing for its CityCenter development by making a $200 million construction payment. Read more..
Peter Sands, chief executive of Standard Chartered, credits the bank's presence and experience in volatile emerging markets for keeping profits flowing in tough times. Read more..
The plan to deal with toxic assets could, in the best case, make our banks a little healthier and a little better able to extend credit. Read more..
Compact fluorescent technology does not replicate the performance of incandescents, the bulbs to which most people are accustomed. Read more..