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.
In case you missed them, here's last week's top stories.
No, not because they are thinking about your 2011 bonus (if you get one), but because they are hoping that the Euro debt crisis gets resolved quickly and the markets around the world recover.
Chicago — A former technology employee of Citadel, LLC was arrested earlier for allegedly stealing sensitive computer trade secrets from the company for his own personal use.
Here's the latest from our Highly Placed Professional.
Here's some links to a few interesting Bloomberg and Telegraph stories that are currently doing the rounds.
Here's this week's Thomson Reuters Investment Banking Weekly Scorecard.
Here's a list of 11 financial markets CEOs who should have done better during the time they had at the helm of their companies.
Here's our spotlight on recruitment specialists Nicoll Curtin.
Two pieces of breaking news.
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.
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.
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.