Idled cash: more fuel for stocks, or fire hazard?
One of the stock market's favorite accepted nuggets of wisdom is the notion that there's a pile of money waiting in the wings, itching to jump back into the market. Read Full Article here.
Three indicted in largest U.S. identity theft scheme
Three men were indicted on Monday for allegedly stealing more than 130 million credit and debit card numbers in what U.S. authorities said they believe is the largest hacking and identity theft case ever prosecuted. Read Full Article here.
Ex-Credit Suisse broker convicted of fraud
A former Credit Suisse Group AG broker was convicted by a federal jury of fraud for steering corporate clients into risky auction-rate securities, causing nearly $1 billion of losses. Read Full Article here.
Reader's Digest plans prearranged bankruptcy
Reader's Digest Association Inc, whose namesake magazine has been a staple of dentists' offices for generations, said on Monday it planned to file for Chapter 11 bankruptcy for its U.S. businesses as part of a prearranged plan with lenders to cut debt by 75 percent. Read Full Article here.