The Justice Department said Tuesday it could seek more than $5 billion in damages from Standard & Poor's, the nation's biggest credit ratings company, a day after it sued the company, alleging that S&P defrauded investors by giving triple-A ratings to risky subprime mortgage investments.
Fifteen years ago, Denis Gagnon bought a company that made a product nobody really liked: hand dryers. But he quickly managed to turn Massachusetts-based Excel Dryer into an innovator with the Xlerator — a high-speed dryer that cut drying time from more than 30 seconds to less than 15.
Marcos Valle wasn't identified with Brazil's influential Tropicalia movement during the 1960s and 1970s. But, like his peers Caetano Veloso and Gilberto Gil, he made ambitious and subversive pop music during those years, mixing American soul and rock with samba, bossa nova and other Brazilian styles.
Reg Presley, the founder and lead singer of The Troggs, the rock group best known for the performing the original version of the song "Wild Thing," has died. Presley was 71. He died of lung cancer yesterday at his home in England.