NY financier arrested in purported $400 million scam
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NEW YORK (Reuters) - Authorities on Monday arrested the chief executive of a private New York financing firm on suspicion of running a purported Ponzi scheme that attracted $400 million in investments, U.S. law enforcement officials said.
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Russell Investments plans 20 percent staff cut
Tacoma-based Russell Investments said in a statement Tuesday morning it plans to cut staff by about 20 percent by the end of the year. RSS news feeds and Widgets on Feedzilla.com
Yahoo suffers 4Q loss, but tops analyst views
SUNNYVALE, Calif. (AP) — Yahoo suffered a fourth-quarter loss of $303 million because of costs for employee layoffs and soured investments. Despite the setback, the results weren’t as bad as analysts feared…. RSS feeds and Feed widget on Feedzilla.com
