Business Law News

Hedge fund scammer tells NY judge he tried suicide
By LARRY NEUMEISTER Associated Press Writer NEW YORK (AP) - The hedge fund cheat who faked his death before going on the lam told a Manhattan judge Thursday that he tried to kill himself with a drug overdose before he surrendered in Massachusetts.

Analyst: GM not in immediate danger of bankruptcy
DETROIT (AP) - An auto analyst with JPMorgan says General Motors Corp. is not in danger of an imminent bankruptcy, but will need to raise about $10 billion in cash to weather the downturn in U.S. auto sales.

Bourbon producers see amber-colored future
By BRUCE SCHREINER Associated Press Writer LAWRENCEBURG, Ky. (AP) - To Wild Turkey master distiller Jimmy Russell, the piercing sounds of a warehouse rising in the Kentucky countryside are the sounds of prosperity.

Rates on 30-year mortgages drop to 6.35 percent
By MARTIN CRUTSINGER AP Economics Writer WASHINGTON (AP) - Rates on 30-year mortgages, which had been rising for five straight weeks, posted a decline this week as signals from the Federal Reserve eased worries about imminent rate increases.

Tesla Motors to stay in Calif. after tax break
By JULIET WILLIAMS Associated Press Writer SACRAMENTO, Calif. (AP) - The company that built the first mass-produced, all-electric car will keep its manufacturing plant in California, thanks to a new state tax break.

 

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