Last week’s scheduled sentencing of former Bielinski Brothers CEO Robert Brownell was postponed after he was allegedly mugged outside his home a few days prior. Federal prosecutors now say that the mugging was staged by Brownell, who had his 14 […]

Andrew Fastow, the former CEO of Enron will testify this week in the trial of Kenneth Lay and Jeffrey Skilling. Fastow created partnerships to do financial “deals” with Enron, but the partnerships did not meet accounting requirements to make them […]

U.S. Airways filed an insurance claim with its carrier, PMA Capital Insurance, following September 11, 2001. The claim was for a loss of business related to the terrorist attacks, because Reagan National Airport was closed from September 11 to October […]

Michael J. Rigas, the former executive vice president of cable company Adelphia Communications Corp. will serve 10 months of home confinement and two years of probation. He will also pay a $2,000 fine. This is his punishment for helping to […]

Wal-Mart Stores Inc. is seeking a director of global ethics to help monitor compliance with its worldwide code of conduct. Wal-Mart currently has 1.6 million employees in 15 countries, and over 6,200 stores. The new director would oversee the Global […]

A longstanding deal with the United Auto Workers means that U.S. auto makers pays billions for employees who don’t work. The “Jobs Bank” program sees to it that over 15,000 unneeded workers continue to earn wages and benefits that often […]

Huh??? It’s true. A 12 year-old on a field trip to the Detroit Institute of Arts took a wad of gum out of his mouth and stuck it on a painting worth $1.5 million, leaving a spot of residue the […]