IBT Staff Reporter

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BART pays mother of victim Oscar Grant III $1.3 million

BART has agreed to pay $1.3 million Tuesday to Wanda Johnson, the mother of victim Oscar Grant III, who was shot in the back by a transit agency police officer two and a half years ago, to settle her civil case against it and the officers involved.

New date of September 27 for Rajaratnam sentencing

Convicted Galleon hedge fund founder Raj Rajaratnam will be sentenced on September 27, a federal judge ordered on Thursday, postponing the proceeding from July 29 in the biggest insider trading case of a generation.

NY court hands Argentina setback over bond default

Argentina suffered a setback over its $100 billion debt default in 2002 when New York's highest court said the country should keep paying interest on some bonds even after they mature or investors demand their principal back early.

Thirty months in prison for lawyer in Galleon case

Arthur Cutillo, a former lawyer with the well-known Ropes & Gray law firm who admitted leaking corporate secrets in exchange for $32,500 in cash, was sentenced on Thursday to 2-1/2 years in prison for his part in a sweeping insider trading case.

Geithner mulling departing post: report

Treasury Secretary Timothy Geithner has signaled to White House officials that he is considering leaving the administration after a deal to raise the U.S. debt limit is reached, Bloomberg News reported on Thursday, citing three anonymous sources.

Geithner Mulls Stepping Down: Report

In order to take a break from government service, U.S. Treasury Secretary Timothy Geithner is considering leaving his post after President Barack Obama and Congress reach an agreement on raising the national debt ceiling.

Wall Street rallies 4th day, gains in July seen

U.S. stocks ended a volatile quarter on Thursday with their biggest four-day rally since September as positive economic data and a temporary resolution of Greece's debt crisis indicated further gains in July.

VoiP firm 8x8 signs cloud partnership

Internet telephone company 8x8 Inc said it entered into a partnership with Virtual Computing Environment Company to speed up deployment of its cloud computing services on a new platform, sending its shares up to an eight-year high.

Cuomo To Close Seven Prisons

Seven state prisons, camps, and work release facilities will close within 60 days, due to the state’s declining inmate population - something that will save the state millions of dollars, Gov. Andrew Cuomo announced Thursday.

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