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Prosecutors: LA man cheated investors out of $10M
LOS ANGELES — A Los Angeles man has pleaded not guilty to running a Ponzi scheme that cheated about 50 investors in a NASCAR merchandise wholesale business out of at least…
Citigroup, Wells Fargo repay gov't bailout funds
NEW YORK — Citigroup Inc. and Wells Fargo & Co. said Monday they would repay their government bailout loans, freeing them from close regulatory scrutiny and marking the latest step toward…
Ford Motor chairman not following Detroit Lions
WASHINGTON — Detroit Lions Vice Chairman Bill Ford Jr. said Monday that his role with the NFL team has taken a back seat to his duties as Ford Motor Co. chairman.…
No decision on Oyster Creek cooling towers
TRENTON, N.J. — A proposal to require the owners of a New Jersey nuclear power plant to install water cooling towers that would help revive the waterway at the site has…
Insituform to cut 35 jobs from European operations
ST. LOUIS — Insituform Technologies Inc. said Monday that it will reorganize its European operations, cutting 35 jobs there as part of a plan to save $3 million annually.The contractor, which…
Smurfit-Stone closing Missoula mill permanently
BILLINGS, Mont. — Smurfit-Stone Container Corp. announced Monday it will permanently shutter its paper mill near Frenchtown at the end of the year_ a move that will cut 417 manufacturing jobs…
Smurfit-Stone closing 2 mills permanently
MISSOULA, Mont. — Smurfit-Stone Container Corp. has announced it is permanently closing mills in Montana and Michigan.The Frenchtown, Mont., mill has 417 employees and will continue operating until Dec. 31. The…
Mo. reported inflated food stamp figures to feds
JEFFERSON CITY, Mo. — Missouri acknowledged Monday that it reported inflated numbers of food stamp recipients to the federal government, calling into question millions of dollars of bonuses paid to the…
Interactive Data to buy trading technology firm
BEDFORD, Mass. — Financial market data provider Interactive Data Corp. said Monday it agreed to buy privately held electronic trading network and services provider 7ticks LLC in a move to speed…
Limited Brands CFO to join Progressive board
MAYFIELD VILLAGE, Ohio — Auto insurer Progressive Corp. said Monday that Stuart Burgdoerfer, chief financial officer of retailer Limited Brands Inc., has been named to fill a vacancy on Progressive's board.Burgdoerfer,…
Google tests new phone to profit from mobile Web
SAN FRANCISCO — Google Inc. is determined to gain more influence over how the Web is used on mobile phones, even if the next step in the quest tramples some of…
Arden Group names Laura Neumann as new CFO
LOS ANGELES — Arden Group Inc., the parent company of Southern California supermarket chain Gelson's Markets, on Monday named Laura Neumann as its new chief financial officer.Neumann has worked for Arden…