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IMF head Lagarde in court in fraud probe
International Monetary Fund chief Christine Lagarde is facing questions at a special Paris court Thursday over her role in the 400 million euro ($520 million) pay-off to a controversial businessman when she was France's finance minister. The court hearing threatens to sully the reputations of both Lagarde and France. The ...
Ex-bookkeeper admits theft, sentenced to 30 months
A former bookkeeper for a Baton Rouge firm has been sentenced to 30 months in federal prison after admitting she stole over $217,000 from her employer and an insurance company. The Advocate reports (http://bit.ly/14zGRXc ) 49-year-old Cynthia D. Windham pleaded guilty Wednesday to one count of bank fraud after telling ...
Jury deliberations continue in Va bank fraud trial
Jury deliberations are continuing in the trial of four former Bank of the Commonwealth executives and a developer accused of conspiring to defraud the bank out of $71 million. Media outlets report that the federal jury in Norfolk failed to reach a verdict Wednesday following three full days of deliberations. ...
Japan gyrations underline economy's vulnerability
Japan's financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence as Prime Minister Shinzo Abe attempts shock monetary easing to end two decades of stagnation. Interest rates, or yields, on 10-year Japanese government bonds briefly topped 1 percent for the first time ...
Calif. to announce health insurance plans, prices
Californians will get their first look Thursday at the health plans to be offered through the state's new insurance exchange and how much that coverage will cost them. Covered California, the state agency running California's health insurance marketplace, is scheduled to announce the plans and prices that will be offered ...
15 years for NV bank robber who threatened bomb
A 27-year-old transient who claimed he was under the influence of demons when he robbed Bank of America branch in Douglas County has been sentenced to up to 15 years in prison. District Judge Tod Young sentenced Jarell Williams on Tuesday to five to 15 years on a robbery charge ...
Markets roiled by Nikkei's 7.3 percent slide
Financial markets around the world were roiled Thursday after Japanese stocks suffered their biggest slide since the country was hit by a devastating tsunami more than two years ago. Several reasons have been blamed for the 7.3 percent fall in the Nikkei index to 14,483.98, including a spike in Japanese ...
RI paid millions to hedge-fund managers
Rhode Island paid hedge-fund managers almost $16 million in fees during 2012 to manage the state's $1 billion hedge-fund portfolio. The figures were released Wednesday by General Treasurer Gina Raimondo in response to requests from the media for information about the funds, which make up about 26 percent of the ...
Oil falls below $93 as China manufacturing weakens
The price of oil fell below $93 per barrel Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy is fading. Benchmark oil for July delivery was down $1.37 to $92.91 per ...
Birth control coverage up for federal appeal
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. is asking a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that includes access to the morning-after pill. The Oklahoma City-based arts-and-crafts chain ...
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