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Panel votes to limit submissions for gun checks

Submitted by Fox First at Ten on May 8th

By KEVIN FREKINGAssociated Press WASHINGTON (AP) - A House panel has approved legislation that would greatly curtail when veterans deemed mentally incompetent are reported to the FBI's background check system. The move to winnow what records get placed into the database comes even as both sides

MF Global trustee criticizes Corzine, execs

Submitted by Fox First at Ten on April 4th

By MARCY GORDONAP Business Writer WASHINGTON (AP) - A trustee overseeing MF Global says a risky trading strategy and "negligent conduct" by former CEO Jon Corzine and his top managers contributed to the brokerage firm's collapse in late 2011. A report issued Thursday by the trustee, former FBI

Mistrial declared in case of watchdog group

Submitted by Fox First at Ten on December 17th

By By FREDERIC J. FROMMERAssociated Press WASHINGTON (AP) - A judge declared a mistrial Monday in the case of a watchdog group accused of violating federal law when it shared a whistle-blower settlement with a government economist 14 years ago. U.S. District Judge Colleen Kollar-Kotelly made

University of Virginia warned after failed ouster

Submitted by Fox First at Ten on December 11th

By By JAMIE STENGLE and MICHAEL FELBERBAUMAssociated Press DALLAS (AP) - The University of Virginia was put on warning Tuesday by an accrediting panel that found indications the school broke governance rules in a failed attempt to oust the prestigious public school's president this summer.

Chevron says NY official abused shareholder power

Submitted by Fox First at Ten on November 20th

By MICHAEL VIRTANENAssociated Press ALBANY, N.Y. (AP) - Chevron Corp. asked New York's ethics commission Tuesday to investigate state Comptroller Thomas DiNapoli, claiming he improperly pushed the energy giant to settle an $18 billion Ecuadorean court claim for environmental damage in the

NY: $210M from Mellon co. to end Madoff lawsuits

Submitted by Fox First at Ten on November 13th

By MICHAEL VIRTANENAssociated Press ALBANY, N.Y. (AP) - Officials have reached a $210 million settlement with Ivy Asset Management, a BNY Mellon subsidiary that advised clients to invest with Wall Street multibillion-dollar swindler Bernard Madoff. The settlement of lawsuits filed by the New

Court upholds sale of polygamous church assets

Submitted by Fox First at Ten on November 5th

By PAUL FOYAssociated Press SALT LAKE CITY (AP) - A federal appeals court ruled Monday that a polygamist sect on the Utah-Arizona border waited too long to challenge a court-ordered takeover, clearing the way for state authorities to break up a church trust and sell assets including homes,

Why Greg Smith left Goldman Sachs

Submitted by Fox First at Ten on October 22nd

By CHRISTINA REXRODEAP Business Writer Greg Smith wrote the essay that echoed across Wall Street like a thunderclap. Smith was a vice president at Goldman Sachs until March. He announced his departure from the investment bank with a blistering essay in The New York Times, accusing Goldman of

Why Greg Smith left Goldman Sachs

Submitted by Fox First at Ten on October 22nd

DC quietly takes from workers' retirement plan

Submitted by Fox First at Ten on September 19th

By BEN NUCKOLS and DANIEL WAGNERAssociated Press WASHINGTON (AP) - The District of Columbia government is taking a portion of workers' retirement contributions for "administrative expenses" without telling them, and part of the cut goes to the accounting firm of embattled businessman