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Latest News

Brazen Conn. warehouse heist nets $75M in pills (AP) -

The Eli Lilly warehouse is seen here in Enfield, Conn., Tuesday, March 16, 2010. Authorities say tens of millions of dollars worth of prescription drugs have been stolen in a brazen, well-planned heist at a pharmaceutical company's regional warehouse in Connecticut. (AP Photo/Journal Inquirer, Leslloyd F. Alleyne) MANDATORY CREDITAP - In a Hollywood-style heist, thieves cut a hole in the roof of a warehouse, rappelled inside and scored one of the biggest hauls of its kind — not diamonds, gold bullion or Old World art, but about $75 million in antidepressants and other prescription drugs.


Wed, 17 Mar 2010 00:13:35 GMT
Ex-exec testifies in KB Home fraud trial in LA (AP) - AP - A former executive of KB Home testified Tuesday against former chairman and Chief Executive Bruce E. Karatz, who is accused of bilking shareholders out of millions of dollars by backdating stock options. Tue, 16 Mar 2010 23:12:21 GMT
CIT Group posts 4Q loss of $1 billion (AP) -

People walk past the headquarters of CIT Group in New York, in this October 31, 2009 photograph. REUTERS/Natalie BehringAP - CIT Group on Tuesday said it lost $1 billion in the fourth quarter, excluding a huge one-time reorganization benefit.


Tue, 16 Mar 2010 23:10:42 GMT
PIMCO: End of mortgage buys form of tightening (Reuters) -

Mohamed El-Erian, CEO of Pacific Investment Management Company (PIMCO), gives the keynote address at the Symposium on Interest Rate Risk Management in Arlington January 29, 2010. REUTERS/Jason ReedReuters - The end of the Federal Reserve's program of purchasing $1.25 trillion of mortgage-backed securities at the end of March is a form of tightening monetary policy, the chief of the largest U.S. bond fund manager said on Tuesday.


Tue, 16 Mar 2010 22:50:50 GMT
Canadian MPs accuse Toyota of sitting on info (Reuters) -

Toyota Motor North America President Yoshi Inaba waits to testify before the Commons transport committee on Parliament Hill in Ottawa March 16, 2010. REUTERS/Chris WattieReuters - Canadian lawmakers accused Toyota Motor Corp executives on Tuesday of waiting too long to inform the government of problems with faulty accelerators in some of the company's vehicles.


Tue, 16 Mar 2010 22:32:57 GMT
 

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