World News

Andrew Madoff, Convicted Conman’s Last Surviving Son, Dies at 48

Andrew Madoff, convicted conman Bernard Madoff’s last surviving son, who insisted he had nothing to do with his father’s massive Ponzi scheme, has died. He was 48. He died today at Memorial Sloan Kettering Cancer Center in New York after battling mantle cell lymphoma, his attorney, Martin Flumenbaum, said in […]

PG&E Fined $1.4B for Deadly 2010 Gas Line Blast

Sep 2, 2014, 3:13 PM ET By ELLEN KNICKMEYER Associated Press California regulatory judges issued a $1.4 billion penalty on Tuesday against the state’s largest utility for a 2010 gas pipeline explosion that engulfed a suburban San Francisco neighborhood in fire, killing eight people and prompting national alerts about aging […]

Nigeria’s Too Big to Fail Bank Rules Spur Bond Sale Rush

Nigerian lenders are gearing up to sell the most debt in four years to bolster cash reserves, taking advantage of a drop in borrowing costs before the central bank increases how much capital they need to hold. Banks may raise as much as $2.5 billion this year compared with $2 […]