Dow Jones Sent Plummeting Amid Multiple Investor WorriesThe red flags were everywhere, among them weak corporate results, the looming end of stimulus from the Federal Reserve and tensions between the West and Russia.
Stars Join Schumer To Back Big Tax Deduction For Broadway ShowsBroadway theater – and live commercial theater around the country – would get a huge financial boost under a change in the federal tax code proposed by U.S. Sen. Charles Schumer (D-N.Y.)
Indirect Investors May Get Cut Of Reclaimed Madoff FundManhattan U.S. Attorney Preet Bharara said Monday that more than 10,000 people whose indirect investments with Bernard Madoff prevented them from eligibility for billions of dollars will get to make claims against a $2.35 billion fund.
Madoff Accountant Charged With Involvement In Massive FraudPaul Konigsberg was charged with conspiracy to falsify records, conspiracy to commit fraud, falsifying records of a broker-dealer, falsifying record of an investment adviser and falsifying statements.
Court Rejects Lawsuit Filed By Madoff Victims Against SECThe appeals court said the Securities and Exchange Commission's actions and "regrettable inaction'' are shielded by rules protecting government employees from lawsuits when they carry out a discretionary function or duty.
Trustee: $2.5 Billion In Checks Mailed Out To Madoff Ponzi Scheme VictimsThe decades-long fraud cost investors about $17.3 billion, Picard estimated. Since becoming the trustee for victims swindled in the scheme, Picard said he has recovered more than $9 billion.
Mets' Money Woes ContinueThe Mets have even more problems to worry about than just the start of spring training in the coming weeks. In fact, these problems could change the direction of the franchise for years to come. Those problems are major money issues with the owners.
Some Investors Object To $7.2 Billion Madoff DealA lawyer for the investors filed papers in federal bankruptcy court in Manhattan objecting to a settlement that will provide $7.2 billion to Madoff investors who lost their original investment.
Stocks Start 2011 With A LiftIn early trading, the Dow Jones industrial average rose 107 points, or 0.9 percent, to 11,683. The Standard and Poor's 500-stock index gained 12, or 1 percent, to 1,270. The Nasdaq composite rose 33, or 1.2 percent, to 2,686.
DA: Westchester Man Swindled Via Baseball VentureProsecutors say a suburban New York man lured investors into backing his plan for a children's baseball facility, then embezzled tens of thousands of dollars to pay his home mortgage.
GM Offering May Leave Out Many Small InvestorsPension funds, mutual funds and other big institutions all want a piece of the rehabilitated GM. That means the three dozen banks divvying up the new shares may not have much left for individual investors.
NYC Twins Get Prison In $2 Million Stock Scam