Mortgage rates fall, reversing 5-week streak

July 4, 2008 Rates on 30-year mortgages, which had been rising for five straight weeks, posted a decline this week as signals from the Federal Reserve eased worries about imminent rate increases. Rates on 15-year fixed-rate mortgages dropped to 5.92 ...

Circuit Court of Appeals has ruled it's improper for federal judges to act as scientists when weighing in on disputed U.S...Timber industry lobbyists and Forest Service officials called the ruling overturning a challenge to a northern Idaho logging ...

Stocks mixed ahead of long weekend Wall Street capped a shortened trading week with a mixed finish Thursday, but stocks still had their third dismal week in a row. Trading ended three hours early as the market closed for the three-day for the Fourth ...

Phillip Bennett, 59, a British citizen living in Gladstone, N.J., had previously pleaded guilty to conspiracy to commit securities fraud and other charges for the eight-year fraud...District Judge Naomi Reice Buchwald in Manhattan said the 20 ...

The former head of Refco, blamed for the collapse of one of the world's largest commodities brokerages, was sentenced to 16 years in prison Thursday by a judge who decried the "staggeringly arrogant" greed of white-collar criminals. Phillip Bennett, ...

Bennett was sentenced to 16 years in prison for defrauding investors out of $2.4 billion in what U.S. prosecutors said was ``among the very worst'' white-collar crimes...Chief Executive Officer Phillip Bennett was sentenced to 16 years in prison for ...

The sentence marks the latest chapter in the decline and fall of Phillip Bennett, 59, who built Refco into a global commodities trading empire only to see it unravel in 2005 after the company disclosed an accounting deception. US District Judge ...

Phillip Bennett, 59, a British citizen living in Gladstone, N.J., had previously pleaded guilty to conspiracy to commit securities fraud and other charges...His voice cracked when he apologized to his family for their "unimaginable agony."......

Bennett, Refco Inc.'s former chief executive, was sentenced to 16 years in prison Thursday after he pleaded guilty to criminal charges in a scheme to hide the commodities broker's financial troubles...District Judge Naomi Reice Buchwald in Manhattan ...

Former Refco chief executive Phillip Bennett arrives for his sentencing hearing at Manhattan federal court in New York. Photograph: Keith Bedford/Reuters The former head of brokerage firm Refco was today sentenced to 16 years in prison for a $1.5bn (...