Israel is weighing a deal suggested by U.S. Secretary of State John Kerry to rescue stalled peace talks with the Palestinians, which includes as a bargaining chip the release of convicted spy Jonathan Pollard.
Ex-Qwest Communications International Inc. chief Joseph Nacchio shouldn’t be allowed an income tax deduction for the $44.6 million he forfeited after his conviction for insider trading because it would undercut his punishment, a government lawyer said.
Raj Rajaratnam, the hedge fund manager sentenced to 11 years in prison for insider trading, was assigned to a federal prison medical center in Massachusetts, according to a person familiar with the matter.
Morgan Stanley said it will drop its remaining claims in a lawsuit against Joseph “Chip” Skowron after a federal judge ordered the former fund manager and convicted inside trader to repay $31 million in compensation.
Neff Corp ., a closely held equipment- rental company with 63 branches in 14 U.S. states, began a prepackaged Chapter 11 reorganization yesterday in New York, with holders of $90 million on a first-lien term loan to own most of the new equity.