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Tuesday, June 30, 2009 12:01 AM PDT

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Today's Business News: Bernard Madoff gets maximum 150 years in prison FDA panel to vote on painkiller restrictions Asian stocks gain as oil jumps above $73 Oil jumps above $73 on dollar fall, Nigeria attack Rising oil, commodity prices pull stocks higher China halts metals stockpiling for now: report Fed Holds Rates Steady H&R Block reports better-than-expected 4Q profit Refund details for Jackson concerts still sketchy Thinking of Switching Financial Planners? Bank employees protest 'anti-consumer' practices Lawmakers look at rising scams for reverse mortgages Oil spikes to 8-month high on brief Brent bid frenzy For modest earners, relief repaying student loans Top court allows NY state's home lending probe The Family Doctor: A Remedy for Health-Care Costs? Capitalizing on Cheap Natural Gas Bernard Madoff gets maximum 150 years in prison Mon, 29 Jun 2009 09:11 pm PDT AP - A federal judge rejected Bernard Madoff's plea for leniency Monday, sentencing the 71-year-old swindler to spend the rest of his life in prison for an "extraordinarily evil" fraud that took a staggering toll on thousands of victims. Full Story Top FDA panel to vote on painkiller restrictions Mon, 29 Jun 2009 09:11 pm PDT AP - Government experts are scheduled to vote on whether Nyquil and other combination cold medications should be pulled from the market to help curb deadly overdoses. Full Story Top Asian stocks gain as oil jumps above $73 Mon, 29 Jun 2009 11:47 pm PDT AP - Most Asian markets advanced Tuesday, shrugging off another rise in Japanese unemployment as oil powered above $73 a barrel to eight-month highs, boosting resource stocks. Full Story Top Oil jumps above $73 on dollar fall, Nigeria attack Mon, 29 Jun 2009 11:08 pm PDT AP - Oil prices jumped above $73 a barrel Tuesday in Asia as a weakening U.S. dollar and attacks on oil installations in Nigeria helped push prices to eight-month highs. Full Story Top Rising oil, commodity prices pull stocks higher Mon, 29 Jun 2009 03:41 pm PDT AP - A jump in oil prices sent investors rushing to put money into the stock market in the final days of the second quarter. Full Story Top China halts metals stockpiling for now: report Sun, 28 Jun 2009 11:35 pm PDT AFP - Beijing has suspended buying non-ferrous metals for state reserves after government stockpiling led to a surge in prices, Chinese media has reported. Full Story Top Fed Holds Rates Steady Mon, 29 Jun 2009 05:08 am PDT BusinessWeek Online - With signs the economy is improving but still fragile, Federal Reserve policymakers held the Fed funds rate steady -- at zero to 0.25% -- on June 24, and maintained its pace of purchases of government debt at mortgage-backed securities. Full Story Top H&R Block reports better-than-expected 4Q profit Mon, 29 Jun 2009 03:41 pm PDT AP - H&R Block Inc., the nation's largest tax preparer, reported better-than-expected profit for its fiscal fourth quarter on Monday as higher fees and more consumer financial services income offset a decline in the number of tax returns it prepared. Full Story Top Refund details for Jackson concerts still sketchy Mon, 29 Jun 2009 12:48 pm PDT AP - It's a tragic loss — and an accounting nightmare for the promoters of Michael Jackson's doomed 50-night "This is It" concert extravaganza in London. Full Story Top Thinking of Switching Financial Planners? Mon, 29 Jun 2009 05:08 am PDT BusinessWeek Online - You've got a dirty little secret. During long lunch breaks, or after work when everyone else heads home to their families, you're sneaking out to a secret rendezvous. You know what you're doing is perfectly justified, but you still feel a little bad afterwards. You never thought it would come to this. But here you are -- cheating on your financial planner. Full Story Top Bank employees protest 'anti-consumer' practices Mon, 29 Jun 2009 04:05 pm PDT AP - Risky bank policies that contributed to the financial crisis were as common in neighborhood branches as they were on Wall Street, according to a labor-backed coalition that will propose new reforms Tuesday. Full Story Top Lawmakers look at rising scams for reverse mortgages Mon, 29 Jun 2009 03:27 pm PDT McClatchy Newspapers - WASHINGTON _ The housing bubble, lax regulatory oversight and an influx of shady loan professionals have made lawmakers uneasy about the safety and soundness of the popular government-backed reverse-mortgage program. Full Story Top Oil spikes to 8-month high on brief Brent bid frenzy Mon, 29 Jun 2009 10:26 pm PDT Reuters - Oil prices jumped more than 2 percent to an eight-month high above $73 a barrel on Tuesday, as a sudden spike in Brent buying pinned on fund positioning ushered out the market's best quarterly gain since 1990. Full Story Top For modest earners, relief repaying student loans Sun, 28 Jun 2009 06:28 pm PDT AP - Repaying a student loan could soon be a little less painful. Full Story Top Top court allows NY state's home lending probe Mon, 29 Jun 2009 12:47 pm PDT Reuters - A divided U.S. Supreme Court ruled on Monday that the New York attorney general's office can investigate whether national banks discriminated against minorities seeking mortgages. Full Story Top The Family Doctor: A Remedy for Health-Care Costs? Mon, 29 Jun 2009 05:08 am PDT BusinessWeek Online - The primary-care doctor is gaining new respect in Washington. Battles may be breaking out left and right over the various health-care bills emerging from Congress, but reformers on both sides agree that general practitioners should be given a central role in uniting the fragmented U.S. medical system. Full Story Top Capitalizing on Cheap Natural Gas Mon, 29 Jun 2009 05:08 am PDT BusinessWeek Online - While the price of a barrel of oil has doubled since early March, to about $68, natural gas prices are languishing at about $4 per million BTUs. In markets where traders make bets based on those standard measures of barrels and BTUs, the 18-to-1 price ratio for oil is about double the typical ratio of 8 or 9 to 1. That has some speculators betting natural gas prices will spike. Full Story Top

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