Dalai Lama “If you can, help others; if you cannot do that, at least do not harm them. ”
Barack Obama “Those who stand up for justice are always on the right side of history.”
The boss of Steve Perkins, the broker at the heart of a rogue trading scandal that rocked oil markets this week, issued a bullish report suggesting prices could go higher only hours after Mr Perkins made the unauthorised trades that caused prices to spike.
The disclosure raises further questions about internal controls at PVM Oil Associates, [...]
World stocks slipped from the previous day’s two-week high while the dollar rose broadly on Thursday as investors looked to a closely-watched U.S. employment report to gauge the state of economic recovery.
The world’s biggest economy is expected to have lost 363,000 non-farm jobs in June, while the unemployment rate is expected to tick up [...]
Bernard Madoff has been sentenced to 150 years in prison for his multibillion-dollar fraud scheme.
U.S. District Judge Denny Chin handed down the sentenced in New York on Monday.
The 71-year-old former Nasdaq chairman was arrested late last year after confessing to his sons that his secretive investment advisory business was a “big lie.”
He pleaded guilty to [...]
Government seizes all assets from Ponzi mastermind, who faces a maximum of 150 years in prison at his sentencing on Monday. Wife loses millions in assets.
NEW YORK (CNNMoney.com) — Bernard and Ruth Madoff have been stripped of their vast riches.
The government announced Friday night that it had seized all of Bernard Madoff’s property in a [...]
Russia is considering a banking bail-out that will go further than measures taken by the US, as fears grow that bad loans could paralyse the economy.
Igor Shuvalov, deputy prime minister, will consider taking stakes in troubled banks when a group of experts on the crisis meets on Friday to discuss ways to recapitalise the country’s [...]
Disgraced US financier Bernard Madoff’s lawyer has said his client deserves 12 years in prison for his crimes.
In March, Madoff pleaded guilty to 11 charges that he masterminded a $50bn (£35bn) investment fraud.
He will be sentenced on 29 June and could be jailed for up to 150 years. Madoff is 71 years old now.
New York [...]
Troops willing to die to stop Iran unrest, general says
4 killed, 32 wounded as 6 Baghdad churches bombed
Wife held in boxing champ’s killing in Brazil
NASA fuels space shuttle Endeavour for launch
Two injured in Pamplona bull run, day after death
Two U.S. soldiers killed, Afghan war heats up
Cheney hid CIA program from Congress: senator