2012年3月27日 星期二

Business briefs

Point taken

JPMorgan Chase doesn’t have to pay trader Kai Herbert $921,500 after a missing decimal point in an employment contract led him to believe he would be paid 10 times the actual offer, a London court ruled.

Home sick

Contracts to buy previously owned homes unexpectedly fell in February, suggesting a loss of momentum in the housing market.

Shake, erase

Shares of Ohio Art, makers of Etch A Sketch, returned to earth, dropping 32.6 percent to $4.65. The stock skyrocketed Friday after the toy was cited in the GOP presidential primary race.

Picard pact

A judge has thrown out a legal challenge to part of the $7.2 billion settlement between Madoff trustee Irving Picard and the estate of longtime Madoff investor Jeffry Picower.

Elie’s going

Chad Elie, a Las Vegas man who processed payments for online poker companies, pleaded guilty to a scheme to deceive banks into processing hundreds of millions of dollars in Internet gambling transactions.

Reuters

Copyright 2010 Thomson Reuters. Click For Restrictions

Kai Herbert, Irving Picard, employment contract, Ohio Art, decimal point, Etch A Sketch, Madoff

Nypost.com

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