Five former employees of Bernard Madoff, convicted in March of helping the fund manager bilk investors of billions of dollars in his massive Ponzi scheme, will be sentenced this week, with prosecutors seeking prison terms of up to 20 years.
Bankrupt U.S. companies would have more leeway to impose restructuring plans over creditors’ objections under new recommendations by a commission to overhaul Chapter 11 bankruptcy rules.
New Mexico regulators on Saturday hit the U.S. government with more than $54 million in fines for violations at a nuclear waste facility where a fire broke out and radiation was released in two mishaps earlier this year.
China defended its government-funded Confucius Institute programs on Friday after new questions were raised in the United States about their transparency and effect on academic freedom.
