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$7B swindle may keep Stanford behind bars for life

March 7, 2012 • BusinessComments Off

R. Allen Stanford, center, leaves the Bob Casey Federal Courthouse, Tuesday, March 6, 2012, in Houston. Stanford, once considered one of the wealthiest people in the U.S., with a financial empire that spanned the Americas, was convicted Tuesday on charges he bilked investors out of more than $7 billion. (AP Photo/Houston Chronicle, Nick de la [&hellip...

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Obama says nation needs changes in tax laws

March 7, 2012 • BusinessComments Off

President Barack Obama, left, standing with The Boeing Company Chairman, President and Chief Executive Officer W. James McNerney, Jr., speaks at the Business Round Table meeting at the Newseum in Washington, Tuesday, March 6, 2012. (AP Photo/Susan Walsh)...

Asia stocks fall ahead of Greek debt deal deadline

March 7, 2012 • BusinessComments Off

Traders work on the floor at the New York Stock Exchange in New York, Tuesday, March 6, 2012. Stocks in the U.S. are down more than 1 percent at the opening bell, following similar declines in Europe. (AP Photo/Seth Wenig) BANGKOK (AP) — Asian stock markets...

Gas stations running dry as Brazil truckers strike

March 7, 2012 • BusinessComments Off

Customers look for gas at a gas station running out of fuel due to a strike in Sao Paulo, Brazil, Tuesday, March 6, 2012. Sao Paulo’s 2,000 gas stations are rapidly running out of fuel as a strike by truck drivers who haul gas in South America’s...

Chanel and McQueen entice fantasy in Paris shows

March 7, 2012 • BusinessComments Off

A model wears a creation by British designer Sarah Burton for Alexander McQueen as part of the Fall-Winter, ready-to-wear 2013 fashion collection, during Paris Fashion week, Tuesday, March 6, 2012. (AP Photo/Christophe Ena) PARIS (AP) — With only one day to...

Mulally earns $34.5 million from stock grant

March 7, 2012 • BusinessComments Off

FILE – In this Jan. 11, 2012 file photo, Ford CEO Alan Mulally speaks during a Power Panel discussion at the 2012 International Consumer Electronics Show in Las Vegas. Stock awards disclosed in a regulatory finding Tuesday, March 6, 2012 show that...

Judge tells Stanford jury to continue deliberating

March 6, 2012 • BusinessComments Off

In this courtroom sketch, R. Allen Stanford writes on a legal pad during his trial at the Bob Casey Federal Courthouse in Houston on Wednesday, Feb. 29, 2012. Stanford is accused of orchestrating a massive Ponzi scheme that took billions from investors....

Austerity brings smaller cars to Geneva auto show

March 6, 2012 • BusinessComments Off

People walk past covered cars on Monday, March 5, 2012 during the press preview days at the 82nd Geneva International Motor Show in Geneva, Switzerland. The Motor Show will open it’s doors to public from the 8th to the 18th of March presenting more than...

Chamber: 'Right-to-work' ban drive a scare tactic

March 6, 2012 • BusinessComments Off

United Auto Workers union President Bob King applauds at the 2012 UAW National Community Action Program Conference, in Washington, Thursday, March 1, 2012. (AP Photo/Jacquelyn Martin) DETROIT (AP) — A western Michigan business group is criticizing the...

Bankruptcy threat to iPad trademark challenger

March 6, 2012 • BusinessComments Off

FILE – In this Tuesday, Feb. 28, 2012 file photo, a man walks past an advertisement of Apple’s iPad 2 in Shanghai, China. Chinese media reports said Monday, March 5, 2012, a major creditor of Proview Electronics, which is challenging Apple...