Government: Accounting exec earned leniency in Madoff case NEW YORK- A 79- year-old former New York accounting firm executive who did work for some of Bernard Madoff's most important clients has earned leniency at sentencing because his cooperation provided new insights into history's largest financial fraud, prosecutors said. In a filing late Thursday in Manhattan federal court, prosecutors wrote Paul...
Source: The Associated Press
JetBlue launches New York-to-Havana charter flights July 3- JetBlue Airways Corp said it began direct charter flights between New York and Havana on Friday, the first major U.S. carrier to fly the route following U.S. The airline said Cuba Travel Services Inc is offering the weekly flight on Fridays between New York's John F. Kennedy International Airport and Havana's Jose Marti International Airport.
UPDATE 1-Thousands head home after Tennessee train fire forced evacuation July 3- About 5,000 residents evacuated after the derailment of a freight train carrying flammable and toxic gas in eastern Tennessee were allowed home on Friday as investigators looked into the cause of the fiery accident. Authorities were examining the black box from the CSX Corp train that derailed with one tank car bursting into flames at midnight...
UPDATE 8-Oil slides in thin trade on rising U.S. rig count Oil rigs increased by 12 to 640 following a slump that cut the number of active U.S. rigs from a peak of 1,609 in October to a nearly five-year low last week, energy services firm Baker Hughes Inc said. "This is the first weekly increase in 30 weeks and is an indication that the slump in drilling activity has ended," said Carsten Fritsch, senior oil analyst at Commerzbank...
| By: Nia Williams
Investigators probe Tennessee train fire that forced evacuation July 3- Investigators on Friday were looking into what caused a freight train carrying flammable and toxic gas to derail and catch fire in Tennessee, forcing the day-long evacuation of 5,000 people, officials said. The flames that engulfed a car of the CSX Corp train in Blount County, near Maryville in eastern Tennessee, late Wednesday were extinguished by late...
Independence Day? To some, July 4 is Barbecued Spareribs Day NEW YORK- To most Americans, July 4 is Independence Day. But on Marlo Anderson's calendar, it's also Caesar Salad Day and Barbecued Spareribs Day. So last year, he started charging $1,500 to $4,000 for "national day" proclamations.
Source: The Associated Press
| By: By CANDICE CHOI, AP Food Industry Writer
INSIGHT-Puerto Rico signals Chapter 9 push with ex-Detroit judge on board NEW YORK, July 3- When Puerto Rico hired former Detroit judge Steven Rhodes it sent a signal to creditors that one possible solution it sees is the one thing it cannot do now: declare bankruptcy. "The parallels between Detroit and Puerto Rico are strong enough that I think any of the public corporations or the commonwealth itself could take advantage of the same...
| By: Megan Davies
Metals investors look for miners to cut supplies to lift prices *Reporting season kicks off on July 8 with Alcoa. "What will be very important over the next few weeks is whether we start to see some supply responses emerging during the corporate results period," said Nicholas Snowdon, metals analyst at Standard Chartered in London. "Over the past six months Vale, BHP and Rio have independently suggested either cuts to existing...
| By: Eric Onstad