The federal judge who oversaw the trial of five associates of imprisoned swindler Bernard Madoff on Thursday refused to overturn their convictions for helping their former boss run one of the world's biggest Ponzi schemes.
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Federal prosecutors on Monday announced the indictment of three men they accuse of being members of an international cybercrime ring that tried to steal at least $15 million by hacking into U.S. customer accounts at 14 financial institutions and the Department of Defense's payroll service.
The pizza chain Sbarro LLC has filed for bankruptcy protection for the second time in three years after struggling with too much debt and changing consumer tastes that led to fewer customers in the malls that house many of its restaurants.
A federal judge said General Motors Co is not required to pay $450 million to cover medical benefits for retirees, in a defeat for the United Auto Workers union.
UBS AG (UBSN.VX) has agreed to pay $120 million to settle a lawsuit by investors who accused the Swiss bank of misleading them about the financial condition of Lehman Brothers Holdings Inc in connection with the sale of structured notes.
Lululemon Athletica Inc has been hit with a U.S. lawsuit accusing it of defrauding shareholders by hiding defects in yoga pants whose sheerness led to a costly recall, and concealing talks that led to the sudden departure of its chief executive.
