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'Mini-Madoff' Gets 25 Years

Madoff Mini-Me

Nicholas Cosmo, the former owner and president of Hauppauge-based companies Agape World, Inc. (Agape) and Agape Merchant Advance (AMA), was sentenced Friday to 25 years of imprisonment by United States District Court Judge Denis R. Hurley in US federal court in Central Islip.



Societe Generale Still

Societe Generale splits Chairman and CEO role

Pursuant to the conditions set out in article 13 of the Company's articles of incorporation, the Board of Directors of Societe Generale, based on the advice of the Nomination and Corporate Governance Committee, has decided that the positions of Chairman and CEO would be separated at the end of the Ordinary Shareholders' meeting on 19 May 2015.

Steven Cohen Still

Cohen says he won't bid for NBA side

Billionaire Steven A. Cohen said he won’t bid for the Brooklyn Nets after his representatives met with bankers handling the team’s sale, according to a person with direct knowledge of the matter.


Richest 1% may own half of global wealth by 2016

The combined wealth of the world's richest 1 percent could overtake that of the other 99 percent by 2016, according to a report by Oxfam published Monday, as billionaires, politicians and business leaders gather in Davos for the annual World Economic Forum.