Madoff Investors Who Gained May Face Lawsuits
RENEE MONTAGNE, Host:
U.S. stock opened higher today, boosted a bit by positive words from FedEx. The delivery company this morning raised its earnings outlook. FedEx is expecting more demand for its services. In Europe, meanwhile, markets are mostly flat or slightly higher, where there's been some positive economic news of late. And investors are also relieved that the European bank's stress tests are out of the way. The tests were assessing how well banks would weather another downturn. And results that came out last Friday showed that most banks passed.
DON GONYEA, Host:
Irving Picard is the trustee in charge of distributing funds. And he told the Journal that these people, quote, have made money at the expense of the people who didn't.
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