Business

Business briefs

By
Post Staff Report
Published March 17, 2011, 4:00 a.m. ET

Heat on GE

The crisis at a Japa nese nuclear plant that uses General Electric- built reactors has trimmed 5 percent from GE shares, which closed yesterday at $18.95.

Joke’s on you

Timothy Durham, an Indiana businessman who served for years as National Lampoon’s CEO, was arrested yes terday on charges he ran a Ponzi scheme that de frauded investors of more than $200 million.

DB strategy

Deutsche Boerse board member Frank Ger stenschlaeger told Reut ers that the exchange has thought about “ev erything” that could thwart a combination with NYSE Euronext.

EA lawsuit

Video-game publisher Electronic Arts must de fend a contract-interfer ence lawsuit for $400 million brought by Ac tivision Blizzard, a Cali fornia judge ruled.

LI fraud

Nassau County DA Kathleen Rice charged 17 people with participat ing in a $20 million mortgage fraud and identity theft scheme on Long Island following a two-year probe.