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Robert De Niro To Portray Bernie Madoff in HBO BiopicRobert De Niro is about to portray his most notorious role based on a real-life subject since his role as Al Capone in "The Untouchables." De Niro has signed on for the part of financier Bernard "Bernie" Madoff for an in-development film for HBO. ...continue |
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Raj Rajaratnam Sentenced -- and Fined MillionsGalleon Group founder Raj Rajaratnam was found guilty on 14 counts involving securities fraud and conspiracy last May. Today, he was sentenced to 11 years in prison, as well as fined $10 million. ...continue |
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Starbucks Seeks to Perk Up Economy With New Jobs InitiativeStarbucks announced a new program called Create Jobs for USA. The Create Jobs for USA initiative, in partnership with the Opportunity Finance Network, will pool donations from Starbucks customers, employees, and other donors into a nationwide fund to be used for for community business lending, with the ultimate goal of sustaining jobs in the U.S. ...continue |
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Bank of America to Cut 30,000 Jobs As Part of $5B/Year SavingsBank of America (NYSE: BAC), in what it refers to as "Phase I" of its cost-savings plan, expects to cut approximately 30,000 jobs over the next several years. ...continue |
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Fed Chairman Ben Bernanke's Contentious ConfirmationWhile the confirmation of Chairman Ben Bernanke last week for another four-year term indicates continuity in economic policy, it also was very controversial. ...continue |
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Executive Pay in the SpotlightFinally, last week, the U.S. government announced the widely anticipated restrictions on executive pay in rescued companies and in banks. ...continue |
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The Next 10: 2009 Top Business Schools for Hispanic Students, 11-20We present our 2009 Top Business Schools for Hispanic Students, numbers 11-20. For the top ten, please click here. ...continue |
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Florida Minority Community Reinvestment Coalition Protests Bank of America's Lending PracticesFlorida activist Al Pina has launched a community campaign against Bank of America over its the minority-lending record and practices. Pina, founder and chairman of the Florida Minority Community Reinvestment Coalition, is staging a hunger strike in protest of what he views to be Bank of America's lack of transparency toward low-income minorities. ...continue |
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Goldman Sachs Bonuses to Be Largest in Company HistoryEmployees at Goldman Sachs Bank are scheduled to be given the largest bonuses in the company's 140-year history, according to the UK Guardian. ...continue |
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American Express to Eliminate 4,000 Jobs, Cut Other CostsAmerican Express today announced several cost-saving initiatives, including the elimination of about 4,000 jobs, or close to 6 percent of the company's worldwide workforce. The layoffs will account for approximately $175 million of the $800 million in savings that American Express is aiming to save for the remainder of 2009. ...continue |
