Joey Griffiths grew up in the western New York town of Dunkirk and left home at 17. Now he’s 30 and working as a bill collector in Jackson Heights, Queens. He has bills of his own to pay. Says Griffiths: “I’m good at collections because I understand what they’re going through. Just surviving.”
The number of people at the U.K.’s Serious Fraud Office working on a criminal investigation into manipulation of the London interbank offered rate has been doubled to 60, the director of the agency, David Green, said in a speech today.
General Electric Co.’s planned purchase of pump maker Lufkin Industries Inc. at the industry’s most expensive price tag is highlighting demand for oilfield equipment that may make Weatherford International Ltd. and Tesco Corp. the next targets.
U.K. prosecutors are poised to arrest former traders and rate setters at UBS AG, Royal Bank of Scotland Group Plc and Barclays Plc within a month for questioning over their role in the Libor scandal, a person with knowledge of the probe said.
U.K. fraud prosecutors’ use of Autonomy Corp. software may present a conflict of interest that could stop their investigation of claims by Hewlett-Packard Co. that Autonomy managers misrepresented results.