Entries for June 2009
Bernard Madoff gets 150 years in prisonJune 30, 2009
by Larry Neumeister and Tom Hays
The Associated Press
Convicted Wall Street swindler Bernard Madoff was sentenced to 150 years in prison Monday for a fraud so extensive that the judge said he needed to send a message to potential imitators and to v...
Treasurys rise for 3rd straight dayJune 30, 2009
The Associated Press
Treasury prices climbed for a third straight trading day Monday, boosted by end-of-the-quarter demand.
The increase pushed Treasurys yields lower, which is good news for homeowners and those looking to buy a home. Long-term Tre...
Court: State can apply law to national banksJune 30, 2009
by Jesse J. Holland
The Associated Press
The Supreme Court on Monday ruled that states can apply some of their own laws to big national banks operating within their borders, a decision proponents called a huge win for consumers and for states seeki...
Court orders BP to end pollutionJune 30, 2009
The Associated Press
BP Products North America Inc. agreed Monday to a court order forcing the petrochemical giant to end what state officials said are illegal pollution emissions at its Texas City refinery.
The temporary injunction filed in distri...
Facebook, Twitter, peers for sale, privatelyJune 29, 2009
by Rachel Metz
The Associated Press
Scott Painter makes his living betting on startup companies, having played a role in launching 29 of them over the years. But with the bad economy choking initial public offerings and acquisitions, Painter is now...