They Fought the Law, and the Law Won.
Milken
may be making the news, but
Articles Elsewhere
takes a look at the grand Wall Street tradition -- service with a smile, while stabbing you in the back.
U.S. Business
The
reports that
Cablevision Systems
(CVC)
and Massachusetts Attorney General Scott Harshbarger have accused
Boston Edison
(BSE) - Get BlackRock New York Municipal Income Quality Trust Report
of shortchanging its customers by close to $100 million by leasing assets to a cable TV venture in which it is a stockholder at a fraction of their true value.
The
Washington Post
TheStreet Recommends
reports that
AT&T
,
MCI
(MCIC)
and
Sprint
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have been accused of overcharging customers for new government-mandated fees and not passing on to consumers savings from reductions in connection charges.
Meanwhile,
Pacific Bell
may be turning into the Pac10. It seems that Pac Bell service representatives have been asked to take a new and more aggressive role in sales -- a bit too aggressive. In the
.
The
reports that the
Justice Department
is investigating
Northwest Airlines'
(NWAC)
alleged bullying of smaller rivals on specific routes.
The
Los Angeles Times
reports that
Sony
executive, arrested after he attempted suicide -- just hours before his scheduled sentencing on fraud charges. In the
.
Business Abroad
Bruce Hacking, a former compliance officer at
Morgan Grenfell Asset Management
, was reprimanded by London regulators because he failed to alert senior executives to irregularities in the management of retail investment funds. Also in the
Telegraph
.
Passing around the collection plate, eh? The
Globe and Mail
reports that Henry Lyons, president of the
National Baptist Convention USA
, and former convention employee Bernice Edwards have been arrested and charged in Florida with racketeering and grand theft related to the alleged defrauding of
Loewen
(LWN)
and other companies.
It's bad enough that the fans are hooligans, but... The rising price of watching first-rate football (read: soccer), due to players demanding too much money, is deterring growing numbers of supporters from taking children to matches. Also in the
Financial Times
(free registration required).
The
Telegraph
reports that Spain's former police chief, Luis Roldan, will be jailed for 28 years after being found guilty of theft, fraud and tax offenses.
So, who will take care of all these corrupt and dastardly individuals? Lara Croft, of course. The
Telegraph
(free registration required) reports that
Eidos
(EIDSY:Nasdaq ADR), maker of Tomb Raider I and II, exceeded market expectations for its third-quarter earnings.
And, an Appeal for a Lesser-Known Marsupial
These wombats need your help! In the
Sydney Morning Herald
.
