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Tyco Ponies Up Record $3B in Shareholder Settlement

(Newser) - After years of legal wrangling, Tyco will pay a record $2.975 billion to shareholders who say the company used faulty accounting practices to defraud them. The settlement by Tyco, which became a poster child for executive excess in the wake of the Enron scandal, represents the largest amount ever...

Hitler Youth HQ to Become Posh Club
Hitler Youth HQ to Become Posh Club

Hitler Youth HQ to Become Posh Club

British investor will remodel and reopen long-fallow building

(Newser) - An idling behemoth in Berlin that has housed both the Hitler Youth and the East German Communist Party will soon become a swanky media club, complete with a 42-seat theater, a swimming pool and upscale bars. A secretive British investor recently bought the Bauhaus landmark, and hopes to open a...

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