A mozzarella recall has been issued by Mongello Italian Cheese Specialties of Hurleyville, New York due to "mis-branding and an undeclared allergen soy, which was not declared on the on the label,"
The U.S. government's wide-ranging insider trading probe of SAC Capital Advisors put increased pressure on founder Steve Cohen Friday, arresting principal manager Michael Steinberg. A high-ranking portfolio manager who handled technology, media and telecommunications stocks at the firm, Steinberg was indicted by a federal grand jury on four counts of securities fraud and one count of conspiracy to commit securities fraud, the authorities said. He is 41 years old.
The exiled Russian tycoon Boris Berezovsky has been found dead at his home in Surrey on Saturday, the BBC News reported,and his family has confirmed. It is not yet known how the 67-year-old has died, though suicide is what has been first suspected as the cause. He has been a wanted man in Russia for quite some time. In the past years, he survived numerous assassination attempts.
Citigroup agreed to pay $730 million to settle a class-action lawsuit that claimed investors were misled by the bank's disclosed when they purchased its debt and preferred stock. These investors' purchases were made from May 11, 2006 through November 28, 2008.
The social media giant Fcebook has been hit with a new initial public offering (IPO) lawsuit. Investor Gaye Jones filed a new case against Chief Executive Mark Zuckerberg and the company's underwriters on Tuesday
A third of Barnes & Noble stores may close within the next decade, report says A third of Barnes & Noble stores may close in next decade, report says Barnes & Noble Inc. Chairman Leonard Riggio wants to buy the company's stores, and leave the company's Nook e-book business as a separate company, according to CNN.com.
