• Judge rules Carlos Ghosn’s American accomplices can be turned over to Japan

    Judge rules Carlos Ghosn’s American accomplices can be turned over to Japan

    A federal judge on Friday ruled that two Massachusetts men can be legally extradited to Japan to face charges they helped former Nissan Chairman Carlos Ghosn flee the country in a box and on a private jet. US Magistrate Judge Donald Cabell in Boston rejected the arguments against extradition by US Army Special Forces veteran …
  • Ford to offer early retirement incentives in effort to cut 1,400 jobs

    Ford to offer early retirement incentives in effort to cut 1,400 jobs

    Ford will offer early retirement incentives with hopes of cutting its US white-collar workforce by 1,400 more positions. Kumar Galhotra, the company’s president of the Americas, told employees about the offers Wednesday morning. The company says they’re part of an $11 billion restructuring plan that started more than a year ago. Most of the reductions …
  • Men accused of helping plot Carlos Ghosn escape denied bail

    Men accused of helping plot Carlos Ghosn escape denied bail

    US judge said on Friday two Massachusetts men pose too great of a risk of flight to be released on bail given “spectacular” allegations that they helped orchestrate former Nissan Motor Chairman Carlos Ghosn’s escape from Japan. Magistrate Judge Donald Cabell said US Army Special Forces veteran Michael Taylor and his son, Peter Taylor, had …
  • Supreme Court limits SEC power to recover ill-gotten gains

    Supreme Court limits SEC power to recover ill-gotten gains

    The Supreme Court on Monday placed limits on the Securities and Exchange Commission’s practice of forcing defendants to surrender profits obtained through fraud as part of its enforcement of investor-protection laws in federal courts. The court reaffirmed the agency’s authority to seek disgorgement, a part of its civil enforcement arsenal aimed at passing on funds …
  • Bernie Madoff denied compassionate release, will likely die in prison

    Bernie Madoff denied compassionate release, will likely die in prison

    A federal judge on Thursday rejected Bernard Madoff’s request to be released early from prison because he was dying of kidney failure, saying the swindler had yet to show remorse for running his epic Ponzi scheme. Circuit Judge Denny Chin, who sentenced Madoff to 150 years in prison in 2009, wrote that while Madoff’s failing …
  • Layoffs hitting more white collar jobs — and even health care workers

    Layoffs hitting more white collar jobs — and even health care workers

    First, it was bars, restaurants, hotels. And clothing stores, movie theaters, entertainment venues. And countless small businesses, from bookstores to barber shops. Now, the record-setting flood of layoffs unleashed by the viral outbreak is extending beyond the services industries that bore the initial brunt and are still suffering most. White collar employees, ranging from software …