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High Court Sides With Ex-Enron CEO In Fraud Case (Jun-24, 09:43 EDT )-- In a complex ruling, the Supreme Court ruled the "honest services" law could not be used in convicting former Enron CEO Jeffrey Skilling -- but that does not mean his conviction will be overturned.
Siding With Skilling, Justices Limit Law on ‘Honest Services’ (Jun-24, 09:37 EDT )-- The Supreme Court sided with the former Enron chief executive in limiting the use of a federal fraud law that has been a favorite of white-collar crime prosecutors.
Providence and Hasbro? Not So Fast (Jun-24, 09:31 EDT )-- Talks between the two sides over a potential deal appear to have collapsed about a week ago, people briefed on the matter told DealBook.
Stocks Drop After Mixed Economic Reports (Jun-24, 08:47 EDT )-- Updates on the jobs and manufacturing sectors weighed on U.S. markets.
U.S. Jobless Claims Drop but Remain at Elevated Levels (Jun-24, 08:24 EDT )-- Initial claims for jobless benefits fell by the most in two months last week. Another report showed that orders for durable goods fell by 1.1 percent last month.
An LED That Mimics an Old Standby (Jun-24, 07:46 EDT )-- In August, Osram Sylvania will introduce an LED lamp that it hopes will take a share of the market for incandescent bulbs.
Durable Orders Post First Dip In 6 Months (Jun-24, 07:39 EDT )-- Orders to U.S. factories for big-ticket manufactured goods fell 1.1 percent in May as demand for commercial aircraft dropped off. But excluding transportation, orders rose. And initial claims for jobless benefits dropped by 19,000 last week to a...
The $400 Billion Scribble (Jun-24, 07:31 EDT )-- Democrats say they want to put the final touches on the finance reform bill this week. But there are still some key unanswered questions that will have a big effect on what the nation's financial system looks like.
Choosing the Next Budget Director (Jun-24, 07:23 EDT )-- President Obama needs to appoint a strong but delicate voice as director of the Office of Management and Budget, and Paul Krugman would be an excellent choice, one economist writes.
Car Dealers May Escape Scrutiny Of Consumer Loans (Jun-24, 07:00 EDT )-- If the dealers win this battle, it would cap a long and costly lobbying campaign. As one critical part of that campaign, the auto dealers present themselves as part of Main Street with no ties to the high finances of Wall Street, but that image is more...
Bloomberg's Coalition Pushes Immigration Changes (Jun-24, 03:00 EDT )-- New York Mayor Michael Bloomberg is announcing a coalition of business leaders and city mayors to fight for an overhaul of immigration policy. Bloomberg has been advocating new immigration rules for years. His new coalition includes CEOs of top...
Manufacturers Enjoy 5 Straight Quarters Of Growth (Jun-24, 03:00 EDT )-- As the economy recovers, so is American manufacturing. Recent reports show increases in manufacturing orders and shipments. But that isn't translating into large numbers of new factory jobs.
Corvette Named Kentucky's Official Sports Car (Jun-24, 03:00 EDT )-- Kentucky's governor has declared the Chevrolet Corvette the official state sports car. The GM plant in Bowling Green, Ky., is now the only place where Corvettes are manufactured. The plant almost went under last year but now workers are busy filling...
Russia's President Tours U.S. Looking For Business (Jun-24, 03:00 EDT )-- Russian President Dmitry Medvedev is visiting the United States this week, and meets President Obama at the White House Thursday. Medvedev's tour is primarily aimed at reassuring the U.S. that Russia is a reliable partner both politically and...
Chinese Bank Sets Stage for Record Offering (Jun-24, 02:19 EDT )-- Agricultural Bank of China began marketing a dual listing in Hong Kong and Shanghai on Thursday that could raise up to $25 billion.
Is Apple a Victim of Sour Grapes? (Jun-24, 00:10 EDT )-- Once dismissed by larger companies, Apple is now viewed by some as an anticompetitive industry bully.
Changing Tastes Drive Shift In Beer Sales (Jun-23, 23:00 EDT )-- A troubled jobs market is depressing overall beer consumption. Industry giants are hoping to regain sales with new packaging and ad campaigns, but smaller craft beers catering to more sophisticated palates are posting healthy gains.
Despite Spill, Louisiana Remains Wedded To Oil (Jun-23, 23:00 EDT )-- No other state in the lower 48 depends on the oil business more than Louisiana. Since the 1930s, Louisiana has been heavily taxing oil companies to pay for public services. But the trade-off has been costly, even before the great oil spill of 2010.
Truckers On A Roll: Freight Business Accelerating (Jun-23, 23:00 EDT )-- The American Trucking Associations reports that freight traffic has climbed steadily since late last year. This April was almost 10 percent better than a year earlier, according to the ATA. Business has reached pre-recession levels -- and times are so...
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