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NY trustee files 3 lawsuits to recover more than $30 million in Madoff family investments

KTVI Business News - 16 min 1 sec ago
NEW YORK (AP) — The New York trustee appointed to recover money jailed financier Bernard Madoff stole from investors has sued three entities where he says more than $30 million in Madoff family money was tucked away.
Categories: Business

Citigroup paying $75M to settle charges of misleading investors over high-risk mortgages

KTVI Business News - 20 min 1 sec ago
WASHINGTON (AP) — Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007.
Categories: Business

NY AG: Life insurance industry probe will focus on allegations beneficiaries were misled

KTVI Business News - 31 min 1 sec ago
NEW YORK (AP) — New York Attorney General Andrew Cuomo says his office has opened a fraud investigation into the life insurance industry.
Categories: Business

NY's Paterson plans at least 1,000 layoffs this year to contend with deficit, fiscal crisis

KTVI Business News - 50 min 1 sec ago
ALBANY, N.Y. (AP) — New York's governor says he's planning for at least 1,000 layoffs to contend with a fiscal crisis after public employee unions refused to provide concessions.
Categories: Business

SEC accuses Dallas investors Sam and Charles Wyly, attorney, stockbroker of insider trading

KTVI Business News - 1 hour 8 min ago
DALLAS (AP) — Famed Dallas billionaire investors Sam and Charles Wyly made $550 million in undisclosed profits through 13 years of insider trading in the shares of companies on whose boards they served, according to a Securities and Exchange Commission lawsuit filed Thursday.
Categories: Business

Coinstar posts profit growth in 2nd quarter, but 3rd-quarter forecast disappoints; shares fall

KTVI Business News - 1 hour 9 min ago
BELLEVUE, Wash. (AP) — Coinstar Inc., the operator of coin-counting machines and Redbox DVD rental kiosks, said Thursday that its second-quarter profit rose as revenue grew.
Categories: Business

Defeating drug lobby, Senate panel bans 'pay-to-delay' practices on generic drugs

KTVI Business News - 1 hour 11 min ago
WASHINGTON (AP) — In a defeat for the powerful drug lobby, a Senate panel approved legislation to prohibit drug companies from paying generic drug makers to delay bringing less costly products to market.
Categories: Business

Product recall: alfalfa sprouts, dietary supplement

KTVI Business News - 1 hour 40 min ago
The following recalls have been announced:
Categories: Business

Republicans block small business lending bill

STLtoday.com Business - 2 hours 7 min ago
WASHINGTON _ President Barack Obama's election-year jobs agenda suffered a new setback Thursday when Senate Republicans blocked a bill creating a $30 billion government fund to help open up lending fo
Categories: Business

Less oil on surface means less work for fishermen

STLtoday.com Business - 2 hours 7 min ago
An announcement could come by today about the fate of the man who enraged Gulf residents.
Categories: Business

Federal bankruptcy judge OKs purchase of Ohio-based Brown Publishing Co. by company insiders

KTVI Business News - 2 hours 10 min ago
CENTRAL ISLIP, N.Y. (AP) — A federal bankruptcy court on Thursday approved the $26 million sale of Ohio-based newspaper chain Brown Publishing Co. to a group of company insiders led by current President and Chief Executive Roy Brown.
Categories: Business

New York Fed says toxic assets it bought in bailouts of AIG, Bear Stearns are gaining value

KTVI Business News - 2 hours 16 min ago
WASHINGTON (AP) — Toxic assets the government bought during the bailouts of American International Group Inc. and Bear Stearns are finally gaining value, the Federal Reserve Bank of New York said Thursday.
Categories: Business

McAfee says 2nd-quarter profit rose, agrees to buy cell phone security software company

KTVI Business News - 2 hours 24 min ago
SANTA CLARA, Calif. (AP) — Computer-security software maker McAfee Inc. said Thursday that its second-quarter profit rose 38 percent, helped by growth in its corporate and consumer businesses.
Categories: Business

2 environmental groups appeal Purdue's state permit for new coal-burning power unit

KTVI Business News - 2 hours 25 min ago
INDIANAPOLIS (AP) — Two environmental groups that oppose Purdue University's plans for a new coal-fired power unit challenged the school's air permit Thursday in an appeal that says regulators failed to fully assess how much pollution the project is expected to emit.
Categories: Business

RealNetworks' 2nd-quarter loss narrows, beats analyst forecasts

KTVI Business News - 2 hours 28 min ago
SEATTLE (AP) — RealNetworks Inc. said Thursday that its second-quarter loss narrowed even though its revenue fell because last year's second quarter included a large charge reflecting the declining value of its assets.
Categories: Business

Feds OK project to drill under, not on, wild areas

STLtoday.com Business - 2 hours 40 min ago
An energy company received federal approval Thursday to take natural gas from a largely untouched, picturesque region of Utah by agreeing to use new technology to drill under wild areas instead of on
Categories: Business

Feds OK deal to tap gas under untouched Utah land with directional drilling to reduce impact

KTVI Business News - 2 hours 41 min ago
SALT LAKE CITY (AP) — An energy company received federal approval Thursday to take natural gas from a largely untouched, picturesque region of Utah by agreeing to use new technology to drill under wild areas instead of on top of them.
Categories: Business

UAW chief says GM will file paperwork in mid-August to start public stock sale process

KTVI Business News - 2 hours 57 min ago
DETROIT (AP) — General Motors Co. will file paperwork in mid-August to start the process of selling stock to the public, the head of the United Auto Workers union said Thursday.
Categories: Business

UAW head: GM to file paperwork in August for IPO

STLtoday.com Business - 2 hours 57 min ago
General Motors Co. will file paperwork in mid-August to start the process of selling stock to the public, the head of the United Auto Workers union said Thursday.
Categories: Business

Current weather

St. Louis

Scattered clouds
  • Scattered clouds
  • Temperature: 84.2 °F
  • Wind: North-Northeast, 5.8 mph
  • Pressure: 1017 hPa
  • Rel. Humidity: 58%
  • Visibility: 10 miles
  • Sunrise: 10:59 GMT
  • Sunset: 1:16 GMT
Reported on:
Thu, 07/29/2010 - 7:51pm

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