June 2009


As disgraced financier Bernie Madoff awaits his day in court, his attorney is cautioning against “mob vengeance” and asking for a sentence of just 12 years. NBC’s Scott Cohn reports. (Nightly News)Six months after the scandal came to light, Madoff’s punishment for his multibillion-dollar ponzi scheme could be a de facto life sentence. He will be sentenced Monday.

U.S. stock futures are slightly higher in early trading Monday, amid mixed moves in overseas markets. Stocks in Asia were lower, while European markets advanced.

As disgraced financier Bernie Madoff awaits his day in court, his attorney is cautioning against “mob vengeance” and asking for a sentence of just 12 years. NBC’s Scott Cohn reports. (Nightly News)Today, we’re expected to get to say goodbye to Bernard Madoff, convicted Ponzi schemer extraordinaire.

Jeffry Picower, shown with his wife Barbara in picture at Picower Institute, has avoided media interviews and, with a few notable exceptions, keeps a low profile. If the Picowers were recognized at all, prior to their Madoff notoriety, it was through praise for their philanthropy.Charles Ponzi himself was the biggest beneficiary of his scams. But it now appears that Bernard Madoff may not have benefited the most from his version of the scheme. It may be  Jeffry Picower.

Despite the downturn, employers don’t seem to be skimping on their health and wellness initiatives.

Texas financier R. Allen Stanford could find out today if he will be freed on a bond of half a million dollars or stay locked up until his trial.

The government’s stimulus plan was supposed to flood the economy with cash to help end the  recession. But so far,  spending is just a trickle.  The Answer Desk, by John W. Schoen.

The price of a gallon of gasoline held steady over the past two weeks, at .66 for a gallon of regular unleaded.

June is a popular month for weddings and that means couples are vowing to stick it out for better or worse. Some small business owners, including two wedding planners in Chicago, have decided to take the plunge and merge in order to combat the economic downturn.  (MSNBC)As soon as they opened their shops, wedding planners  Kara Underwood and Kirstin Martin encountered a crisis neither could have foreseen: each other.

The carmaker owned by Germany's BMW AG has seen sales fall over the last year but has snapped up market share from its bigger rivals. On Monday, it announced plans to open 17 new dealerships across the country.For Mini, the maker of sporty — if eccentric — pint-sized hatchbacks, landing at the bottom of another closely watched vehicle quality study this week is almost a point of pride.

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