Shoplifters loot Vienna mall of $25K worth of items
VIENNA, W.Va. — Vienna police are searching for organized teams of shoplifters who looted about $25,000 worth of merchandise from two stores at the Grand Central Mall in a single day.
Otten forms gubernatorial exploratory committee
Former ski mogul Les Otten says he has formed an exploratory committee to consider a bid for governor as a Republican in 2010.
AIG gets new directors at subdued annual meeting
NEW YORK American International Group Inc <AIG.N> got a new slate of government-backed directors at a subdued annual meeting on Tuesday, effectively revamping its board after the insurer’s $180 billion taxpayer bailout.
Obama admin. sets wide scope for consumer agency
WASHINGTON The Obama administration sent Congress a draft bill on Tuesday to create a new agency with sweeping powers to impose tough consumer protection rules for banks, mortgage lenders and other financial firms, setting up a summer-long political brawl over the plan.
Judge revokes bond for Texas financier Stanford
HOUSTON — A federal judge on Tuesday revoked the bond of Texas financier R. Allen Stanford, ordering he be kept in jail while he awaits trial on charges alleging he swindled investors out of $7 billion.
Madoff behind bars, investigation grinds forward
NEW YORK — The day after Bernard Madoff received a 150-year prison term, investigators are continuing their pursuit of other suspects in his massive fraud.
Canada’s economy continues to shrink
Canadaa TMs economy shrank in April for the ninth consecutive month as the country slipped further into recession.
BioSante to buy Cell Genesys for $38M in stock
BioSante Pharmaceuticals Inc. will buy troubled South San Francisco business Cell Genesys Inc.
AIG shareholders’ meeting is relatively calm affair as CEO Liddy outlines repayment plans
American International Group Inc.’s annual shareholder meeting ended without drama Tuesday after a handful of shareholders voiced disappointment over the embattled insurer’s near-collapse last fall.
FDA considers change to Tylenol dosages
A government advisory panel began voting Tuesday on recommendations for reducing the risk of serious liver injury associated with acetaminophen, found in over-the-counter drugs such as Tylenol and NyQuil.
‘Goodbye and good riddance’ AIG directors!
AIG shareholders, a.k.a. U.S. taxpayers, on Tuesday ousted the majority of the leadership who oversaw one of the biggest corporate unravelings in American history.
GM chief: ‘Business is doing better’
The head of General Motors, seeking swift approval of a plan to leave the automaker’s debt behind, told a bankruptcy court Tuesday that the company’s June sales are stronger than expected — in part because the bankruptcy process is going swiftly.
U.S. presses tax evasion case against UBS
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Psst! Wanna own a bit of a failed bank?
When New Frontier Bank failed in April, regulators failed to find a buyer, forcing the FDIC to absorb the roughly $2 billion in assets that were once owned by the Colorado-based lender.
U.N. Backs Ousted Honduran Leader
The United Nations marshaled an unusually broad effort on Tuesday to condemn the military seizure of power in Honduras, turning over the podium of the General Assembly to Manuel Zelaya.
Iran Moves to Preclude Further Public Defiance
As security forces filled the streets, the government made a series of moves to close the book on weeks of protest.
Beijing Delays Rule on Software Censor
A new rule requiring manufacturers to install Internet filtering software on new computers was delayed.