Merrill Defrauded Auction-Rate Investors, Say Says (Update5) - Bloomberg
July 31 (Bloomberg) — Merrill Lynch & Co. was accused by Massachusetts Secretary of Say William Galvin of misleading investors about the stability of the auction-rate market at the same time the investment bank was marketing the securities. New

Money fund assets fell to $3.502 trillion - CNN Money
NEW YORK (Associated Press) - Total money market mutual fund assets fell by $5.08 billion to $3.502 trillion for the week, the Investment Company Institute stated Thursday. Assets of the nation’s retail money market mutual funds fell by $5.15 billion

THURSDAY: Station money locked in (3:38 p.m.) - Tonawanda News
A pot of federal funding intended for the construction of a new railroad station in Niagara Falls is no longer in danger of being diverted for other purposes. U.S. Rep. Louise Slaughter, D-Niagara Falls, and U.S. Sen. Charles Schumer, D-New York

Accountant admits embezzling from employers - Newsday
HARTFORD, Conn. - A Westport accountant has admitted to embezzling more than $1.5 million from his employers. Federal prosecutors state 40-year-old Noel Desingco Lara pleaded guilty Thursday in federal court in Hartford to one count of interstate

States face tough choices as budget crisis deepens; budget deficits - Newsday
SACRAMENTO, Calif. (AP) _ Gov. Arnold Schwarzenegger is laying off as many as 22,000 state employees. New York’s governor is raising the possibility of selling — or more accurately, leasing — the Brooklyn Bridge. Nevada is burning through its

MPs ordered to pay back money used for ‘propaganda’ - Daily Telegraph
Five were ordered to repay funds, including three Plaid Cymru MPs, Elfyn Llwyd, Hywel Williams and leader Adam Price, who were each required to give back more than £5,000, and Sidiq Khan, a Government whip, and Malcolm Bruce, Liberal Democrat MP for

Tim Russert’s son to join NBC convention team - MSN MoneyCentral
LOS ANGELES (AP) - The late Tim Russert’s son will take up a family tradition for NBC News, helping to cover the Democratic and Republican conventions. Luke Russert’s assignment as a convention correspondent focusing on “youth issues” is his first

British Museum purchases medieval astronomy tool - Boston Globe
LONDON— A rare astronomy tool that helped medieval scientists tell time will remain in Britain after the British Museum scrambled to come up with the money to buy it. The brass device, called an astrolabe quadrant, had been sold at auction last

More Money Squeezed From Potter Series - AOL
LONDON (July 31) - News alert for Harry Potter fans: A book of wizard fairy tales written and illustrated by J.K. Rowling is to be published for charity. A British charity said Thursday it hopes to raise 4 million pounds ($8 million) through sales of

Community art class scheduled for Friday - San Diego Union-Tribune
EL CAJON: Sophie’s Art Gallery will offer a community art class Friday as part of the city’s First Fridays program, which encourages downtown businesses to offer special activities on the first Friday of the month. The rock-painting class, with

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