When Lehman Brothers collapsed in 2008, it was the largest bankruptcy in U.S. history. More than three years later, Lehman is emerging from Chapter 11. The firm is really just back in business to liquidate itself. Lehman has about $65 billion in assets that it intends to distribute among its many creditors starting next month.
And our last word in business today is: culinary frontiers.
When companies come into foreign markets, they often devise products that reflect local tastes - kosher Big Macs in Israel, for instance. So with Dunkin Donuts aiming to nearly double its outlets in China, it has come up with pork donuts.
In Houston Tuesday, a federal jury convicted Texas financier R. Allen Stanford of running a massive Ponzi scheme. Jurors agreed with prosecutors, who claimed he ran a global scheme that lasted more than 20 years and involved more than $7 billion in investments.
The elite athletes who travel to London for this summer's Olympic Games will include petite gymnasts, huge wrestlers — and elite horses, which compete in dressage and other events. Getting these strong and delicate animals to the Olympics is no job for an amateur. In fact, it's the job of Tim Dutta, who owns an international horse transport company.