Manhattan College men’s basketball coach Steve Masiello has been put on leave after a background check by prospective employer South Florida turned up questions about whether he lied about having a college degree.
Defending champion University of Louisville erased a three-point deficit in the final 3 1/2 minutes to beat Manhattan College on the first full day of the men’s college basketball tournament as Harvard and North Dakota State pulled off the biggest upsets.
Leon Lin was ecstatic when he found out he’d be leaving home in southern China to study at the University of Connecticut. As the Chinese agent whom his parents paid $5,000 to help him get into the school told him, the university’s flagship campus at Storrs was a highly ranked institution, with 25,000 students and ready access to Boston and New York City. And eventually Lin would return home with the status and career advantage of a U.S. degree.
BlueMountain Capital Management LLC, Pacific Investment Management Co. and Fidelity Investments are among money managers that are in discussions to form a consortium that would seek ways to make it easier to buy and sell corporate bonds in the U.S.
JPMorgan Chase & Co., settling U.S. and U.K. probes of a $6.2 billion trading loss, agreed to pay $920 million in penalties and admitted violating securities laws last year as top managers withheld information from the board.
Bill Rubin, a senior investment analyst at BlackRock Inc. who picks financial-company stocks, didn’t mince words a year ago when he e-mailed JPMorgan Chase & Co. right after the bank disclosed a trading loss that ultimately cost more than $6.2 billion.