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Briefcase

Report: Criminal probe targets huge pension fund Federal prosecutors have started a criminal investigation into the investment activities of the California Public Employees Retirement System, a newspaper reported Friday. The Wall Street Journal, citing unnamed people familiar with the matter, said Justice Department officials in Los Angeles are examining potential influence-peddling within CalPERS, the nation’s […]

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Bulletin Board

The Freeport Lacrosse Boosters will hold an equipment drive from 9 a.m. to noon today at the high school. Donations of used and new lacrosse equipment are welcome to help young players develop.   Registration for Maine Girls Hockey Academy summer camps will be held from 10 to 11:30 a.m. today at Portland Ice Arena. […]

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Big banks unlikely to pay income taxes for last year

CHARLOTTE, N.C. — This tax season will be kind to Bank of America and Wells Fargo: It appears that neither bank will have to pay federal income taxes for 2009. Bank of America probably won’t pay federal taxes because it lost money in the U.S. for the year. Wells Fargo was profitable, but can write […]

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Mortgage relief: Who, what, how and when

WASHINGTON — The Obama administration on Friday announced a major reworking of its $75 billion plan to prevent foreclosures. The revamped program is now designed to aid jobless homeowners and people who owe more on their mortgages than their homes are worth. Here’s a look at the details: Q: How many homeowners will this help? […]

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On Baseball: It’s a hot corner for spot in the bullpen

FORT MYERS, Fla. — Stitching together the Boston Red Sox bullpen hasn’t been a major overhaul. Boston again will rely on the young arms of Jonathan Papelbon, Daniel Bard, Manny Delcarmen and Ramon Ramirez, along with crafty left-hander Hideki Okajima and possibly the newly acquired Boof Bonser. Then there’s the group of pitchers assigned to […]