Weather permitting, Kappy Lundy and Barbara Thompson are heading out to Vancouver, Wash., on Saturday night to have a holiday dinner with the parents of their daughter’s husband.Yes, these women both mothered the same children — now grown and with children of their own. Ms. Lundy is their biological parent; Ms. Thompson is the stepmother who married their father after he and Ms. Lundy divorced.But...
The New Old Age Blog: The Ex-Wives Club
Label: HealthWeather permitting, Kappy Lundy and Barbara Thompson are heading out to Vancouver, Wash., on Saturday night to have a holiday dinner with the parents of their daughter’s husband.Yes, these women both mothered the same children — now grown and with children of their own. Ms. Lundy is their biological parent; Ms. Thompson is the stepmother who married their father after he and Ms. Lundy divorced.But...
DealBook: Former SAC Trader Is Indicted
Label: BusinessA former SAC Capital Advisors portfolio manager was indicted on Friday on securities fraud and conspiracy charges in a case that federal prosecutors have called the most lucrative insider trading scheme ever uncovered.A federal grand jury in Manhattan indicted the former portfolio manager, Mathew Martoma, a month after the government arrested on him charges that he used inside tips about a clinical...
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The Lede Blog: Awaiting the End in a Small Turkish Town
Label: WorldTelegraph TV video reports people have gathered in France and Turkey to await the end of days.SIRINCE, TURKEY — Despite assurances from leading Islamic and Christian clerics and the global skepticism based on scientific facts, as many as 10,000 people are expected to descend on this small Turkish town in the Aegean region in hopes of being among the few to survive the Dec. 21, 2012, doomsday supposedly...
U.S. Makes Arrest in Olympus Accounting Scandal
Label: TechnologyFederal agents arrested a former bank executive in Los Angeles on Thursday in connection with the accounting scandal that erupted last year at Olympus, the Japanese camera and medical equipment maker. Prosecutors in New York alleged that the executive, Chan Ming Fon, received more than $10 million from Olympus for assisting in its accounting fraud. The Federal Bureau of Investigation...
The Consumer: Grapefruit and Drugs Often Don't Mix
Label: LifestyleThe patient didn’t overdose on medication. She overdosed on grapefruit juice.The 42-year-old was barely responding when her husband brought her to the emergency room. Her heart rate was slowing, and her blood pressure was falling. Doctors had to insert a breathing tube, and then a pacemaker, to revive her.They were mystified: The patient’s husband said she suffered from migraines and was taking a...
The Consumer: Grapefruit and Drugs Often Don't Mix
Label: HealthThe patient didn’t overdose on medication. She overdosed on grapefruit juice.The 42-year-old was barely responding when her husband brought her to the emergency room. Her heart rate was slowing, and her blood pressure was falling. Doctors had to insert a breathing tube, and then a pacemaker, to revive her.They were mystified: The patient’s husband said she suffered from migraines and was taking a...
Madoff's Younger Brother Sentenced to 10 Years
Label: BusinessNEW YORK (Reuters) - Peter Madoff will serve 10 years in prison for his role in his older brother's multibillion-dollar Ponzi scheme, a U.S. judge said on Thursday. Peter Madoff, 67, pleaded guilty in June to criminal charges including conspiracy to commit securities fraud for falsifying the books and records of the investment advisory company founded by his brother, Bernard Madoff. ...
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France Details Plan to Shrink Banking Risk
Label: WorldPARIS — François Hollande began his campaign for the French presidency in January with the declaration that he and his Socialist party were prepared to break from policies that they said had contributed to the financial crisis, notably promising a separation of investment banking from consumer banks. “My real adversary has no name, no face, no party; it will never be a candidate, even though...
Kodak to Sell Patents for $525 Million
Label: TechnologyEastman Kodak once described the sale of 1,100 digital imaging patents as a windfall that could prop up and even save the beleaguered company. On Wednesday, the sale was finally announced, but instead of bringing as much as $2.6 billion as Kodak once predicted, the selling price was far short of that amount, at about $525 million. The buyer was a consortium that includes many of the world’s...
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