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Russian tycoon Khodorkovsky again found guilty (AP)

December 27, 2010

AP – A judge on Monday declared Mikhail Khodorkovsky guilty of theft and money laundering charges, a verdict that will likely keep the oil tycoon who was once Russia’s richest man behind bars for several more years.



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AIG raises $6 billion in sale of AIA stake (Reuters)

Reuters - American International Group raised $6 billion through the sale of its stake in AIA Group, a move that allows the U.S. insurer to repay part of its government bailout.

Calif. tax preparer accused of ordering hit on 2 (AP)

AP - A former Internal Revenue Service agent whose tax preparation business catered to a wealthy clientele is accused of ordering at least two former customers killed as they prepared to testify against him on fraud charges.

Ford CEO says no plans for alliances in Europe (Reuters)

Reuters - Ford Motor Co has decided not to pursue any alliances this year with other carmakers in Europe, where it may lose up to $600 million, even as rival General Motors Co joins forces with France's Peugeot in hopes of riding out the region's debt crisis and ...

First person: Small-town auto parts manufacturer impacted by quake (ContributorNetwork)

ContributorNetwork - MARION, Ill. -- As an employee of the Japanese-owned company Aisin Manufacturing, I see firsthand how something that impacts a country on the other side of the world hits home in the United States.

Tax evaders exploit varying global tax rates: OECD (Reuters)

Reuters - International tax evasion by multinational companies that take advantage of tax-rate disparities among countries is on the rise, according to an international study group.

VeriFone Systems reports 1Q loss (AP)

AP - Electronic payment company VeriFone Systems Inc. said Monday that it lost money during its fiscal first quarter as rising costs wiped out gains from higher revenue. But the quarterly results and full-year forecast beat Wall Street expectations and shares rose in aftermarket trading.

Investors roll the dice as Apple’s value booms (Reuters)

Reuters - The world's most valuable company has turned into a bit of a casino stock.