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Risks abound with Fed's backing of Bear loan
While the rest of the marketplace sees mortgage-backed securities as radioactive, Ben Bernanke doesn't-at least when taxpayers' money is at stake.That isn't an April Fool's joke. The chairman of the Federal Reserve thinks the Fed's $29 billion loan to facilitate the fire-sale of Bear Stearns isn't at risk because the collateral backing it has a high credit rating.Prosecutor tries to show Lay ignored employees' concerns about ethics
Senate bill lets states tax Internet purchases
Attention online shoppers: The days of tax-free shopping on the Internet may soon end for many of you.Comcast's NBC talks cap decades-long rise
Ralph Roberts knew he was onto something big when people ran after his cable TV trucks in Tupelo, Miss., asking for a visit to their homes.It was 1963. Roberts had been looking for new ventures after selling his belt-and-suspenders company. He bought American Cable Systems for $500,000-an opportunity that had been mentioned to him by a business acquaintance he came across while strolling down a Philadelphia street.Role reversal: Bodiford takes the stand
Lawyers for accused Fulton County Courthouse shooter Brian G. Nichols faced skepticism Thursday as they argued to have the judge in the case removed over comments he made expressing friendship with one of the victims.Judge Daniel M. Coursey Jr. of DeKalb County Superior Court, who was appointed to hear the defendant's recusal motion against Judge James G.
Law Journal Press | Digital Book
New Jersey Business Litigation 2025
Authors: Paul A. Rowe, Andrea J. Sullivan
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Court Clerks Win Showdown Over Fee/Fine Collection
Rachel Tobin [email protected] showdown was in the offing as the Senate Judiciary Committee met last week at the state Capitol. By the end of Tuesday's meeting, Superior Court clerks had come away with a narrow victory in their effort to maintain control of the collection of fees and fines that will pay for the new public defender system.Lockerbie bomber drops appeal, hopes for release
EDINBURGH, Scotland AP - A Scottish court on Tuesday allowed the Lockerbie bomber to drop an appeal against his conviction - a step that could lead to the Libyan man's possible release or transfer to a prison in his homeland.Libya wants the terminally ill Abdel Baset al-Megrahi sent home, but U.S. Secretary of State Hillary Clinton has urged Scotland to keep him in prison to serve out his 27-year sentence.Airlines try to hedge against soaring fuel costs
The computer screen on Scott Topping's desk at Southwest Airlines flickered with row after row of dates and numbers, but they had nothing to do with arrivals and departures.They tracked the price of oil futures for the next several months, and they told a grim tale: No letup in sight from record prices for jet fuel."We're on a one-way street right now," Topping said as he hunched over the screen, shaking his head.Former Alabama attorney general who challenged Wallace dies
MONTGOMERY, Ala. AP - Former Alabama Attorney General Richmond Flowers, a racial moderate who challenged segregationist Gov. George Wallace's dominance in 1966 but saw his political career end in an extortion case, has died. He was 88.An obituary released by Byrd Funeral Home said Flowers died at his home in Dothan on Thursday.Trending Stories
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