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Apollo Group Inc., a for-profit education company whose schools include the University of Phoenix, said yesterday that it had received a subpoena from the United States attorney's office for the Southern District of New York, related to stock option grants.

The topic was the largest defense procurement scandal in recent decades, and the two investigators for the Pentagon's inspector general in Defense Secretary Donald H. Rumsfeld's office on April 1, 2005, asked the secretary to raise his hand and swear to tell the truth.

I suppose it's old news at this point that the Bush administration lied us into the Iraq war and that the cost of this mess will be fully realized by the next generation when Bush leaves office with the biggest budget deficit in U.S. history.

Four executives of energy company Scottish Power cost the company £11m in severance pay when they left their jobs over the past year, the group's annual report revealed yesterday. The payouts were immediately condemned as "obscene" by the Scottish National party's energy spokesman, Richard Lochhead.

As a growing number of Department of Homeland Security employees exit the agency, the practice of former officials joining prestigious research or academic institutions while working on behalf of for-profit companies is not uncommon in Washington.

A major drug company is blocking access to a medicine that is cheaply and effectively saving thousands of people from going blind because it wants to launch a more expensive product on the market.

Nearly 440 letters, mostly complaints, have been sent to a U.S. banking regulator since Home Depot Inc. announced plans in early May to buy a home-improvement lender.

Workers angered by General Motors' (GM.N) plan to shut down an assembly plant in Portugal will stage protests starting next week at GM factories in Germany and Spain, a labor source told Reuters on Friday.

Apple is investigating a newspaper report that staff in some of its Chinese iPod factories work long hours for low pay and in "slave" conditions.

A Houston-based subsidiary of Schlumberger, the world's largest oilfield services company, has agreed to pay $19.6 million in penalties for "knowingly submitting fraudulent visa applications" for foreign workers assigned to vessels operating in the Gulf of Mexico, according to a statement from the U.S. Dept. of Justice.