Bear Stearns is testing offshore legal waters. The Wall Street investment house is trying to keep two bankruptcy cases in Cayman Island courts, but investors and creditors want a U.S. judge to force Bear to re-file here. Jill Barshay has more.
An ex-con in Italy hatched a smart business plan while he did time and turned it into a $250,000 a year business selling T-shirts and other goods under the Made in Jail label. Megan Williams has the story.
In the last decade, states have been coming down harder on crime and that's caused a prison population explosion. Many are running out of places to put them. Enter the booming private prison industry. Stacey Vanek-Smith reports.
Two years after hurricanes devastated huge areas of the U.S. Gulf Coast, a federal appeals court has ruled in favor of insurance companies, saying they don't have to pay for flood damage when contracts specifically excluded it. Dan Grech has more.
The student loan industry is already in big trouble. Now there are implications that athletics departments at 40 universities have been playing along with some ethically questionable marketing tactics. Jeremy Hobson explains.
British Airways has been fined for colluding with rival Virgin Atlantic to fix the price of tickets. The carriers had secretly agreed to increase their fuel surcharges by the same amount. Stephen Beard reports.