Kens - News - Business http://www.kens5.com/news/business RSS Feed for KENS - News - Business en-us Sat, 11 Feb 2012 10:02:52 GMT Ill. man gets 3 years in erectile pump case http://www.kens5.com/news/business/139112459.html PROVIDENCE, R.I. (AP) — An Illinois man was sentenced Friday by a federal judge in Rhode Island to more than three years in prison for shipping unwanted penis enlargers to diabetes patients as part of a larger fraud scheme that prosecutors say bilked $2.2 million from Medicare over four years. Republic Bancorp founder Bernard Trager dies at 83 http://www.kens5.com/news/business/139135664.html LOUISVILLE, Ky. (AP) — Officials say Bernard Trager, the founder and chairman of Republic Bancorp Inc., has died. He was 83. Justice Department calls Swiss Bank a "fugitive" http://www.kens5.com/news/business/139124674.html NEW YORK (AP) — The Justice Department is calling Switzerland's largest private bank a fugitive from justice after it didn't show up for a court hearing in New York. Under fire, Obama adjusts his birth control policy http://www.kens5.com/news/business/139090594.html WASHINGTON (AP) — Under fierce election-year fire, President Barack Obama on Friday abruptly abandoned his stand that religious organizations must pay for birth control for workers, scrambling to end a furor raging from the Catholic Church to Congress to his re-election foes. He demanded that insurance companies step in to provide the coverage instead. Hotel marketed to gay travelers to open in NYC http://www.kens5.com/news/business/139134074.html NEW YORK (AP) — A hotel marketed specifically toward gay travelers is opening in the heart of New York City. Bank failures in Ill, Ind bring 2012 total to 9 http://www.kens5.com/news/business/139128469.html WASHINGTON (AP) — Regulators on Friday closed small banks in Illinois and Indiana, increasing to nine the number of U.S. bank failures this year, a slower pace than in 2011, when there were 92 bank closures. Justice Department calls Swiss bank a 'fugitive' http://www.kens5.com/news/business/139124779.html NEW YORK (AP) — The Justice Department is calling Switzerland's largest private bank a fugitive from justice after it didn't show up for a court hearing in New York. Setback in Greek deal sends investors into bonds http://www.kens5.com/news/business/139121069.html NEW YORK (AP) — The latest setback in Greece's efforts to avoid defaulting on its debt sent investors rushing back into U.S. Treasurys. Lawmaker's stock trades draw ethics investigation http://www.kens5.com/news/business/139092709.html WASHINGTON (AP) — A new ethics investigation of the House Financial Services Committee chairman's investment activities during the events leading up to and surrounding Congress' $700 billion bailout of Wall Street sets back lawmakers' election-year efforts to rebound from their record low standing with the public. Most commodity prices fall on Greece debt woes http://www.kens5.com/news/business/139114209.html Commodity prices are falling across the board after a plan to fix Greece's crippling debt crisis suffered a setback, renewing concerns about global economic growth.