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.

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.

NEW YORK (AP) — New York Attorney General Andrew Cuomo says his office has opened a fraud investigation into the life insurance industry.

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.

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.

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.

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.

The following recalls have been announced:

EDITORS:

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.

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.

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.

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.

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.

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.

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.

WASHINGTON (AP) — Debate is intensifying at the Federal Reserve over how best to cope with a weakening recovery, with momentum growing for a concrete plan to prevent a backslide into recession.

WASHINGTON (AP) — Partisan disagreements in the Senate will delay passage of legislation responding to the Gulf oil spill until at least September, when Congress returns from its summer recess.

Initial jobless claims drop to 457,000

TREASURYS MIXED: The prices of the 10-year note and 30-year bond slipped, while prices for two-, and five- and seven- year notes were higher.