Madoff Accountant Gets Light Sentence

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The accountant in Bernard L. Madoff’s giant Ponzi scheme, David G. Friehling, received a relatively light sentence of home detention but no additional prison time Thursday because of his cooperation with prosecutors.

Greek Bank Deposits Fall Further

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Embattled Greek banks have been hit with more damaging data that showed savers withdrew funds at a rapid clip in April. But some high-profile investors have backed the lenders in recent months.

Oil Wells Yield a Gusher of Goofy Names

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Every oil well drilled must have its own name. There are wells named after planets and chili peppers as well as ones named Ron Burgundy and Dean Wormer.

First-Quarter GDP Swings to Contraction

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The U.S. economy contracted early this year as harsh weather and a strong dollar sapped demand for American goods, underscoring the choppiness of an expansion that has struggled to lift off.

U.S. Stock Futures Edge Lower

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U.S. stock futures edged lower Friday, ahead of several data releases, including revised growth data for the first quarter, which will provide another gauge of U.S. economic health.

Data Giant Equinix Buys Telecity

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U.S. data center operator giant Equinix won a scramble to acquire U.K.-based peer Telecity Group in a cash and share offer worth $3.6 billion.

FIFA Scandal Pressures Sponsors

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The indictments alleging corruption among FIFA officials leave corporate sponsors facing dilemma of whether to back away from the powerful marketing outlet of the world’s most popular game.

Oil Prices Extend Gains

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Oil prices extended their gains, helped by a decline in U.S. oil inventories as investors turn their attention to next week’s OPEC meeting.

Will Homeowners Shell Out Thousands for Super Batteries?

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Tesla and other companies are jumping into the budding business of electricity-storage batteries, but the current market is very small.

Level 3 Tries to Waylay Hackers

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Internet traffic carrier Level 3 Communications is taking an aggressive—and some say risky approach—to hacking by monitoring for criminal groups and isolating traffic believed to contain stolen data.

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