NEW YORK (Reuters) - Investors in Gabriel Capital LP, a so-called feeder fund that funneled money to imprisoned swindler Bernard Madoff, were awarded $12.74 million by a panel of three arbitrators, court records show. The award to two New Jersey investment funds was disclosed in a filing Thursday with the ...More
NEW YORK (Reuters) - The Miami police union sued the city this week for abandoning their collective bargaining agreement and pushing through emergency pay and pension plan cuts. In a lawsuit filed in federal court in Miami Dade County, the Fraternal Order of Police said the city should void the cuts ...More
WASHINGTON (Reuters) - The former treasurer of a top Republican campaign committee pleaded guilty to embezzling $845,000 over 6-1/2 years and likely will face three years in prison, U.S. prosecutors said on Friday. Christopher Ward, 41, admitted to issuing unauthorized checks and wire transfers from the National Republican ...More
HOUSTON (Reuters) - The U.S. government on Friday launched an investigation into Mariner Energy Inc's Gulf of Mexico platform fire, and a light oil sheen spotted near the offshore facility was not believed to be a leak, according to the U.S. Coast Guard. A Coast Guard helicopter crew ...More
CHATHAM, Massachusetts (Reuters) - Residents and business owners in the beach communities of Cape Cod and nearby islands of Nantucket and Martha's Vineyard hung plywood over their shop windows on Friday and rued the arrival of Hurricane Earl, which appeared set to spoil their holiday weekend. But the vacation haven ...More
MIAMI (Reuters) - A 70-year-old U.S. scientist was detained for questioning at Miami's international airport after a suspicious metal canister in his luggage triggered a security scare that shut down airport operations overnight, authorities said on Friday. The Miami Herald said the man held, a former science professor at ...More
WASHINGTON (Reuters) - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly. Obama made his remarks after August data showed that jobs -- the ...More
GENEVA (Reuters) - The United States reiterated on Friday that it was committed to cutting greenhouse gas emissions by 2020 even though the Senate has failed to pass legislation. "I am in no sense writing off legislation over time. And I'm quite sure the president isn't," U.S. climate ...More
