‘Ominous tirades’ alleged in insider trader case

Federal prosecutors said Friday that they received a series of threating, bigoted and obscene voicemail messages from one of two suspects in an insider trading case, and he should be kept behind bars.
John Kinnucan, of Portland, appeared in federal court in the Oregon city after he was arrested Thursday on conspiracy and securities fraud charges.
He […]

Zynga posts loss on pricey stock compensation costs

In its first financial report as a public company, Zynga edged past analysts’ expectations but posted a loss thanks to its large stock-based compensation expenses.
The casual gaming pioneer, best known for its -Ville franchises like FarmVille, reported sales of $311 million for the quarter ended Dec. 31. Excluding stock compensation costs, Zynga had net […]

Good riddance to the refund anticipation loan

This year is the last hurrah for the refund anticipation loan, a tax-season staple that consumer groups love to hate.
Bank regulators forced a couple of big banks to abandon the product after the 2010 tax season, including the one that once made 2 million loans a year through H&R Block offices. The last small bank […]

Undersea prep resumes for ship’s oil removal

Underwater operations have resumed aimed at readying the shipwrecked Costa Concordia for the removal of tons of oil from its tanks.
After days of stormy weather, seas off the Tuscan island of Giglio were calm enough Sunday to resume work.
But the Italian government office overseeing salvage and rescue operations said winds were increasing and that the […]

Kodak breaking up with the Oscars

Eastman Kodak is trying to end its sponsorship of the Hollywood theater that bears its name and hosts the Academy Awards as part of the photography company’s bankruptcy process.
Kodak, which filed for Chapter 11 bankruptcy protection on Jan. 19, filed court documents on Wednesday requesting that it sever its contract with the Kodak Theatre […]

Bernanke Moves Fed Toward More Openness - Bloomberg

Ben S. Bernanke achieved one of his primary goals as Federal Reserve chairman yesterday by setting a numeric goal for inflation, advancing his legacy of greater transparency at the world

Stocks open mixed ahead of Fed policy statement

Stocks are opening mostly lower ahead of a statement from the Federal Reserve and a news conference by its chairman.
The Fed will offer details Wednesday about how long it plans to keep interest rates very low. It also will release an economic forecast. Later, Fed Chairman Ben Bernanke will take questions from reporters.
Traders continue to […]

Analysts: New software won’t save Blackberry maker

In the trend-setting North American market, BlackBerry phones have gone from must-have messaging toys to outdated clunkers _all in the space of a few years. The new CEO of Research In Motion Ltd., the company behind the phones, says it can claw its way back to the top with new software, but analysts are deeply […]

China Mulls Relaxing Capital Rules for Banks - Bloomberg

China

3rd survivor rescued from stricken cruise ship

A helicopter on Sunday airlifted a third survivor from the capsized hulk of a luxury cruise ship 36 hours after it ran aground off the Italian coast, as prosecutors said they were investigating the captain for manslaughter charges and accused him of abandoning his ship.
Authorities reduced to 17 from 40 the number of people still […]