Fund Manager Who Faked His Suicide Surrenders

Brian Snyder/Reuters

Samuel Israel III is escorted by federal law enforcement officials out of the U.S. District Court in Springfield, Mass., on Wednesday hours after surrendering.

Fund Manager Who Faked His Suicide Surrenders

By ABHA BHATTARAI and NELSON D. SCHWARTZ

Samuel Israel III, a fugitive hedge fund swindler who faked his suicide on the day he was to report to prison, turned himself in after speaking to his mother by phone.

• CNBC Video: Fugitive Fund Manager Surrenders | Times Topics

The Struggles of Detroit Ensnare Its Workers

By BILL VLASIC and NICK BUNKLEY

Detroit automakers will temporarily lay off upward of 25,000 workers this year, but are still obligated to pay them more than half of their take-home wages.

Big Job Cuts Announced at American

By MICHELINE MAYNARD

American Airlines said it expects to cut nearly 7,000 jobs, about 8 percent of its work force, by the end of 2008, as it reduces flights and grounds aircraft due to high fuel prices.

Times Topics: AMR Corporation Asian Stocks Fall as Stagflation Menaces

By REUTERS 1 minute ago

Asian stocks fell on Thursday, with Japanese stocks posting their longest losing streak in a half century.

Price of Oil Rises Again, Rattling the Markets By CLIFFORD KRAUSS Crude oil closed at $143.57 a barrel, another record, sending shudders through financial markets already worried about the prospect of a global economic slowdown. Times Topics: Oil (Petroleum) and Gasoline A Lucrative Deal for Limbaugh By BRIAN STELTER In an interview with The New York Times Magazine, the talk show radio host said he would receive a $100 million signing bonus and about $38 million a year for eight years under the new contract. Magazine Preview: Late-Period Limbaugh Times Topics: Rush Limbaugh CNBC Video: Limbaugh Awarded Huge Contract Post a Comment Advertising Kozy Shack in Snack Lineup for the Mets By JOHN METCALFE Tubs of Kozy Shack rice and chocolate puddings are now being sold at Shea Stadium alongside the hot dogs and giant pretzels, and are being included in children’s meals at the ballpark.