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Spanish Police Raid Auction Houses in Stamp Fraud Probe

Eight people were arrested Tuesday in raids by Spanish police as part of an ongoing fraud investigation involving two prominent stamp collection companies. The companies, Forum Filatelico and Afinsa Bienes Tangibles, are accused of defrauding nearly 200,000 mostly retired investors in a pyramid scheme involving overvalued stamps. Afinsa Bienes Tangibles …

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Dog Rescues 9-Year-Old Katrina Survivor From Colo. River

GLENWOOD SPRINGS, Colo. – A Labrador retriever rescued a 9-year-old survivor of Hurricane Katrina from a river after the boy’s raft hit a log and he fell overboard, authorities said. Ryan Rambo, 9, whose family moved to this western Colorado town last year after the hurricane struck their Marrero, La., …

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Congress Must Stop SOX From Hurting the Little Guy

Excessive costs related to Sarbanes-Oxley (SOX) — specifically Section 404 — are well documented. Click here to visit FOXBusiness.com’s NEW Small Business page. Private sector and government reports, testimony at congressional hearings and even the findings of a special committee established by the Securities and Exchange Commission (SEC) examining SOX’s …

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Top Bird Flu Scientist: Virus Won't Hit U.S. in 2006

SINGAPORE – A top bird flu expert on Tuesday predicted that the H5N1 virus will not reach the United States this year via migratory birds, but warned it will eventually arrive — possibly through infected birds smuggled into the country. Robert G. Webster, a virologist at the St. Jude Children’s …

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Google Unhappy About New Microsoft Browser's Search Default

SEATTLE – Google Inc. (GOOG) is hoping to pressure Microsoft Corp. (MSFT) into changing a new Internet Explorer browser feature that could direct more people to Microsoft’s online search engine instead of Google’s far more popular offering. Google has informally complained to U.S. and European antitrust regulators about what it …

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Out-of-the-Ordinary NewsFor the Week of May 1

Out-of-the-ordinary news from the folks at “Studio B”… Cash From Above He’s on a winning streak that no one can explain. An 81-year-old Iowa man has hit three scratch-off jackpots in the past year. The odds are still close to impossible to overcome, even though he drops $200 a week …

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Prosecutor: FBI Gives Up Search for Hoffa on Detroit Horse Farm

MILFORD TOWNSHIP, Mich. – The FBI is wrapping up its search of a suburban Detroit horse farm after finding no trace of former Teamsters boss Jimmy Hoffa‘s remains after two weeks, a local prosecutor said Tuesday. Oakland County Prosecutor David Gorcyca told The Associated Press he was informed by Bloomfield …

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Hillary Clinton Kicks Off New York Senate Bid for Second Term

BUFFALO, N.Y. – Hillary Rodham Clinton, a possible presidential run waiting in the wings, launched her bid for a second Senate term by declaring that America’s current leadership was failing its people. “We need a fundamentally new direction,” she told more than 400 cheering delegates to the Democratic state convention …

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Mississippi Hotel Damaged by Katrina Demolished to Make Room for Casino

BILOXI, Miss. – The Grand Casino’s Island View Hotel was demolished Sunday to make room for a new resort on the waterfront property. Workers used 400 pounds of explosives to take down the 12-story hotel, which housed 500 rooms, retail shops and a restaurant before Hurricane Katrina damaged the building …

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Microsoft Testing Pay-as-You-Go PC System in Brazil

Cut-rate PC/hardware Windows XP Starter Edition bundles aren’t Microsoft’s only solution for bringing computing to the masses. Microsoft (MSFT) unveiled a new financing program designed to make PCs more affordable to emerging-market customers on May 22, the day before the kick-off of its annual Windows Hardware Engineering Conference (WinHEC) in …

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