LA Times Archives - Page 1027 of 1125 -
NEWARK, N.J. — Eighteen people were charged in what may be one of the nation’s largest credit card fraud rings, a sprawling scam that duped credit-rating agencies and used thousands of fake identities to steal at least $ 200 million, federal authorities said.
The prosecution of software programmer Aaron Swartz exposes the poorly written, anachronistic laws governing a range of computer use.
As martyrs go, Aaron Swartz was an extraordinary example of the breed. A computer programming genius, he had helped develop the social networking site Reddit and became known as a leading advocate for easy and free information sharing on the Web.
Dell is hoping the company will stand a better chance reinventing itself away from the scrutiny of Wall Street.
Once-mighty Dell Inc., which has struggled for years in a competitive and increasingly mobile device-driven industry, will try to transform itself as a private company in a $ 24.4-billion buyout led by founder Michael Dell.
Allergan Inc. said it expects to sign a deal to sell its troubled Lap-Band weight-loss unit in the first half of this year as the Irvine company pursues growth from other products and recent acquisitions.
California has filed suit against Wall Street’s biggest credit rating agency, Standard & Poor’s, charging the firm with violating the state’s False Claims Act by using “magic numbers” and “guesses” to inflate ratings that ultimately cost California public pension funds an estimated $ 1 billion.
At the Shop-Hers website, women can buy luxury apparel at big markdowns or clear out their closets and make more money than through regular consignment shops.
Jaclyn Shanfeld moves from garment to garment with the unbridled joy of a little girl rummaging in her mother’s closet.
Consumer Reports is blasting the new slate of turbocharged cars, saying they fail to live up to fuel economy claims.
L.A. Times – Business
The government sues Standard & Poor’s, saying it improperly gave high marks to mortgage securities that failed and sparked the financial crisis.
The federal government is embarking on one of its most ambitious efforts to assign blame for the financial crisis, going after Wall Street’s biggest credit rating firm for its role in pumping up the housing bubble.
The state Supreme Court rules that Apple and other firms that sell music and other downloadable products can ask for personal information from credit card users.
Internet retailers of music and other downloadable products may seek personal identifying information from consumers that ordinary stores in California are barred from asking for, the California Supreme Court ruled Monday.
Many seniors enrolled in SilverScript have found themselves facing inexplicably large bills that CVS has refused to negotiate.
Deborah Shapiro decided a few months ago to switch her prescription drug coverage from her former employer’s plan to Medicare. The Medicare literature made clear that she could save hundreds of dollars on the various drugs she and her husband required.