ImClone founder and CEO Samuel Waksal, whose arrest in an insider trading scandal has tarnished Martha Stewart and her home fashion empire, was indicted Wednesday, apparently after attempts to cut a deal with prosecutors broke down.
Will authorities attempt to entice Waksal into saving his own skin by selling out Martha? John Coffee of Columbia University, legal analyst Lis Wiehl and ImClone stock watcher Hilary Kramer have reaction.
The market gets a boost on hopes that the U.S. Federal Reserve may cut interest rates sometime this year. But is a Fed cut necessary? I'll ask Bill Wolman, author of The 401(k) Hoax and Mike Norman, editor at the Economic Contrarian Update.
Phil Satre, CEO of gaming giant Harrah's, explains why he hopes San Diego is about to become the next Las Vegas.
It’s a deadly disease, but not everyone is frightened of it. As West Nile virus cases pop up everywhere, Jim Kulakoski, president of World Promotions and Marketing, explains why his business is booming.
Plus, how could the International Monetary Fund's bailout of the Brazilian economy impact your portfolio? You might be surprised.
And, why is Rep. Mark Foley, R-Fla., asking for an SEC investigation of former Treasury secretary Robert Rubin's reported interference on behalf of Enron?
We'll have these stories and more!
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