Irving Picard, the trustee in charge of the Bernie Madoff estate, announced this morning that he has filed suit against US based bank JP Morgan Chase for their part in the Ponzi scheme carried out by Madoff. According to the suit, JP Morgan Chase continued to send investors to the Madoff firm after they realized […]
The per barrel price for US crude oil rose about $100 this morning as concerns over the Egyptian crisis continue to spark speculation in the market. With the price over $100 US consumers can expect to see inflated gas prices. Industry experts have said that $4 per gallon has become a reality during this time […]
Sara Lee announced yesterday that they would divide the US-based operation in half after rejecting several buyout offers from firms all over the world. The division of the company will be an equal split. Besides the baked goods for which they are best known, Sara Lee is also a maker of meats, pre-packaged and sold […]