Window shopping: Business briefs for May 24 Updated: Wed, May 23, 2012 Window shopping: Business briefs for May 24 Read More

National business briefs for May 16 Updated: Tue, May 15, 2012 National business briefs for May 16 Read More

Nation | World Business Briefs Published: Thu, May 10, 2012 A look at some of Wednesday's top business stories. Read More

Reuters Special Report: Inside Chesapeake, CEO ran $200 million hedge fund Updated: Wed, May 2, 2012 Chesapeake CEO Aubrey McClendon for at least four years ran a hedge fund that traded in the same commodities his company produces. Read More

Ponzi schmonzi Published: Tue, Sep 27, 2011 Will all my readers out there who think Rick Perry's ruggedly handsome mug should be carved onto Mount Rushmore please stop sending me emails about Social Security as a Ponzi scheme? The astute governor from Texas, apparently one of the country's leading experts on Social Security, has been running around... Read More

Fairness of Wall Street's Playing Field on Trial in Hedge Fund Case Updated: Fri, Mar 11, 2011 Every great American company started out as an idea in the mind of a creative, entrepreneurial person. In addition to having that unique creative idea, a lot of hard work — and a lot of luck or good timing — go into building a business. There's one more ingredient required to build a great business: money.... Read More

Bernie Madoff's eldest son Mark hangs himself in New York City apartment Updated: Sat, Dec 11, 2010 NEW YORK (AP) — One of Bernard Madoff's sons was found dead of an apparent suicide Saturday on the second anniversary of his father's arrest, according to police and a lawyer for the family. Mark Madoff, 46, was found dead in his apartment in Manhattan's fashionable SoHo section, according to police... Read More

NY feds: Boston businessman giving up $625 million Published: Tue, Dec 7, 2010 NEW YORK (AP) — A 97-year-old Boston-area apparel entrepreneur agreed Tuesday to forfeit $625 million to be distributed to cheated investors in jailed Bernard Madoff's historic Ponzi scheme, authorities revealed, as a court trustee said negotiations are under way to recover money as well from the owners of... Read More

Mortgage chief faces accounting questions Executives put on defensive in bitter quiz on misdeeds Updated: Fri, Jun 16, 2006 WASHINGTON - The chief executive of mortgage giant Fannie Mae, who was the top operations official at the time of accounting misdeeds, endured pointed questioning Thursday from senators demanding details of his actions. With Fannie Mae enmeshed in a $11 billion accounting scandal and government pressure on it... Read More

Perjury inquiry requested Updated: Thu, Jun 15, 2006 WASHINGTON - A senior House lawmaker has asked the Justice Department to investigate whether Fannie Mae's then-chief executive and finance chief lied to Congress in sworn testimony in 2004. Rep. Richard Baker, R-La., chairman of the House panel that oversees the government-sponsored mortgage finance company,... Read More

Company foresees document request Updated: Thu, Jun 15, 2006 NEW YORK -- Monster Worldwide Inc., the parent company of job search site Monster.com, said Wednesday the Securities and Exchange Commission has asked it to "preserve all relevant information" in anticipation of a document request related to the timing of its stock options grants. Tuesday, the company received a... Read More

Enron verdict may depend on top executives' testimony Updated: Sat, Mar 18, 2006 HOUSTON - The fraud and conspiracy trial of Enron Corp. founder Kenneth Lay and former Chief Executive Officer Jeffrey Skilling is reaching its halfway mark: seven weeks, 15 prosecution witnesses and more to come. Yet for all the government's methodical efforts to show through documents, video and audio tapes and... Read More

Q&A with Drew Edmondson Updated: Thu, Jul 14, 2005 Oklahoma Attorney General Drew Edmondson filed a 15-count indictment against WorldCom founder Bernie Ebbers, the company and five former executives nearly two years ago. Oklahoma was the first jurisdiction to charge Ebbers, 63, who was sentenced Wednesday in federal court to 25 years in prison for leading the... Read More

Former WorldCom chief convicted on nine counts Updated: Wed, Mar 16, 2005 NEW YORK - Bernard Ebbers, the once-swaggering chief executive officer of WorldCom, was convicted Tuesday of engineering the largest corporate fraud in U.S. history -- an $11 billion accounting scandal that capsized the big telecom company three years ago. In Oklahoma, Attorney General Drew Edmondson said his... Read More

The defendants Updated: Thu, Aug 28, 2003 Bernard J. Ebbers: Bernie Ebbers presided over the massive buildup and spectacular collapse of one of the world's largest telecommunications corporations. Ebbers resigned as WorldCom's chief executive in April 2002 after the stock price plummeted amid questions about accounting methods. Earlier this year, external... Read More

WorldCom chronology Updated: Thu, Aug 28, 2003 1985 -- Early investor Bernard Ebbers becomes chief executive of discount long-distance provider LDDS (Long-Distance Discount Service). 1995 -- LDDS acquires Tulsa-based voice and data transmission company Williams Telecommunications Group (WilTel) for $2.5 billion cash and changes its name to WorldCom. 1998... Read More