5:30 AM Thursday Aug 19, 2010 Email Print BILLINGS - A United States federal judge has pinned the financial collapse of the ultra-exclusive Yellowstone Club on its founder, Tim Blixseth, but says he doesn't have to repay all its debts. Bankruptcy Judge Ralph Kirscher said that "in a pattern of self-dealing" Blixseth siphoned hundreds of millions of dollars from the private Montana ski club, which counts Microsoft's Bill Gates among its members. In a 135-page ruling, Blixseth was ordered to repay most of the club's creditors for losses stemming from its 2008 bankruptcy. That could amount to tens of millions of dollars. But Kirscher denied repayment to the financial giant Credit Suisse. The...
Founder let off some of high-class club's debt
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Searcy company to produce 'green' electric motors
The ElectroCraft Arkansas Inc. plant will go from having 70 workers to 125 by virtue of a deal with SN Tech Inc., which specializes in the energy efficient motors. The plant is to start production by the fall, making motors that range from one-fourth...
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Blue Cross and Blue Shield of Mass. names new CEO
Dreyfus has been the company's executive vice president for health care services for the past five...
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Zipcar expands Harvard cars sharing program
Zipcar said it will double its fleet of cars at Harvard to...
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Judge Approves Barclays Deal With Justice Dept
The Associated Press By PETE YOST Associated Press Writer WASHINGTON August 18, 2010 (AP) A judge who questioned whether Barclays Bank PLC was getting off too easily nonetheless approved a deal Wednesday that will likely enable the financial institution to avoid prosecution on allegations that it engaged in $500 million in illegal transactions with banks in Cuba, Iran,...
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Duquesne's Druckenmiller Retiring After 30 Years
By Jennifer Ablan August 18, 2010 NEW YORK (Reuters) - Stanley Druckenmiller, a key player in billionaire investor George Soros' famous bet against the British pound that earned him $1 billion, said he is closing his firm after 30 years. In a...
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A Look at Economic Developments Around the Globe
The Associated Press By The Associated Press August 18, 2010 (AP) A look at economic developments and activity in major stock markets around the world Wednesday: ——— LONDON — Minutes of the Bank of England's monthly meeting showed policy makers considered both the case for expanding and withdrawing emergency...
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Summary Box: Levis launches brand aimed at China
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Summary Box: BoE almost unanimous on rates
STEADY NOW: Minutes of the Bank of England's monthly meeting show that policy makers considered both...
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ID sugar beet farmers troubled by judge's decision
Information from: The...
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Summary Box: Target's 2Q profit up 14.3 percent
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Summary Box: Groupon enters Japan, Russia
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Find Your Groove at the Great Park
Weekend dance and music featuring Celebrity DJs and Korean Break-Dancing Acrobats...
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Retail Industry Survey by SHOP.COM Indicates Price Trumps Brand Loyalty Throughout 2010
MERCHANTS RESPOND WITH BETTER DEALS, EXPAND SOCIAL NETWORKS...
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Boar's Head® EverRoast® Chicken Breast Wins Prestigious Better Homes and Gardens Best New Product Award
Consumers select EverRoast as their favorite product in the Deli...
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Dermablend Professional, a Leader in Coverage Cosmetics, Launches Leg and Body Tattoo Primer
For millions of Americans seeking to hide their tattoos, Dermablend Professional offers an affordable and effective solution Download image...
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Cuomo says 6 settle on hidden online shopping fees
NEW YORK — New York Attorney General Andrew Cuomo said six companies will pay $10.1 million of fines and restitution after hundreds of thousands of consumers were tricked into joining discount clubs that carried hidden fees. Cuomo said on Wednesday that marketing company Affinion Group Inc and its Trilegiant unit...
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Greenpeace pushes for renewable energy in SAfrica
JOHANNESBURG - South Africa has renewable resources that can provide solutions to the country's energy problems and create jobs - while fighting global warming, Greenpeace officials said Wednesday. AC = 1234 --> "Greenpeace's estimate that 78,000 green jobs could be created is conservative," Glen Mpufane, who heads a development group, who joined a Greenpeace forum on green jobs on Wednesday. Unemployment is around 25 percent in South Africa, which was hard hit by the global recession. Environmental groups in South Africa are campaigning for a major move toward renewable energy rather than nuclear and coal energy. The government says it needs coal and nuclear energy now to grow, but plans to...
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NJ settles SEC fraud charges
WASHINGTON - The government says the state of New Jersey has settled civil fraud charges for failing to inform municipal bond investors that it was underfunding its largest pension plans. AC = 1234 --> The Securities and Exchange Commission announced Wednesday the settlement, saying New Jersey was the first state ever charged for violations of the securities laws. New Jersey neither admitted nor denied the allegations. No financial penalty was levied against the state. The SEC had alleged that the state sold more than $26 billion in municipal bonds between 2001 and 2007 to raise money for its contributions to two state employee pension funds. But the bond sale documents failed to disclose...
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Sunshine State Political Campaigns Heating Up
In Florida, multi-millionaire Rick Scott is vying for the GOP nomination for governor, while real...
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