The parents of two children kidnapped in 1989 are preparing to meet their kids, Christie and Bobby Baskin, after two decades.

American International Group Inc. (AIG) Wednesday sued its ousted chairman Maurice R. "Hank" Greenberg and ex-chief financial officer Howard I. Smith for more than $1 billion in damages stemming from accounting troubles on their watch, reported Dow Jones.

Former CA Inc. sales chief Stephen Richards has agreed to pay $29.7 million in restitution after pleading guilty last year to criminal charges in a scheme to artificially boost the software maker's quarterly revenue through backdated sales contracts, reported The Wall Street Journal.

A Milan judge has ordered Citigroup, UBS, Morgan Stanley and Deutsche Bank to stand trial for market-rigging in connection with dairy firm Parmalat's collapse, judicial sources said according to Reuters.

The U.S. Justice Department on Monday let pass a deadline for supporting investors in a case before the Supreme Court, exposing disagreement within the government over how the court should rule in a case that may have implications for investors in Enron Corp., The Wall Street Journal reported Tuesday.

Citigroup Global Markets Inc. agreed to pay $15.2 million to settle charges that a team of financial advisers misled more than 200 BellSouth employees, The Wall Street Journal reported Thursday.

The Securities and Exchange Commission (SEC) said yesterday that IBM had settled a case in which it had been accused of misleading investors by overestimating the impact of stock-based compensation expenses on quarterly earnings in 2005, reported Reuters.