Can for scam
A South Florida man charged with running a $13.6 million scam involving nonexistent shares in companies including Facebook and Groupon was sentenced to 11 years in prison.
Ponzi art sale
Bernard Madoff’s art, including carpets and works by Andy Warhol and Henri Matisse, will go to auction to raise money for customers of his Ponzi scheme, trustee Irving Picard said yesterday.
Growth mode
Joseph A. Bank, the menswear seller with more than 600 stores, said it is seeking potential acquisitions to accelerate growth. The stock rose 1.5 percent after hours, to $40.24.
My oh my, OSI
OSI Systems said its security division, Rapiscan Systems, and the US Department of Homeland Security have settled recognition software issues. The stock soared 13.7 percent, to $40.24.
‘Lobster’ lags
Darden Restaurants warned a slow US economic recovery could hurt business at its Olive Garden, Red Lobster and other chains. The cautious outlook sent shares down 2.2 percent, to $50.12.