Word: kingpins
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MISTRIAL DECLARED. In the retrial of JOHN (JUNIOR) GOTTI, 42, son of reputed Gambino-family kingpin John Gotti who was indicted in 2004 for racketeering and ordering the 1992 kidnapping of a radio host who had insulted his father on the air; in New York City. The jury hit an impasse over Gotti's claim that he had "retired" before July 1999--which, if true, would place him beyond the five-year statute of limitations on the racketeering charges. A previous jury also could not agree on his guilt. Prosecutors intend to try again...
That statement, which drew gasps in the stately chambers of the federal courthouse in New York City, has triggered a frenzy among Mob watchers. One might think that the revelation of a love child belonging to a Mafia kingpin--four years after his death, no less--would inspire little more than a shrug. But this being John Gotti, obsessive subject of umpteen books, movies and tabloid tales, the mere existence of a hot scoop buried for so long is nothing short of miraculous. The peerlessly aggressive New York tabloids quickly ferreted out an attractive Staten Island mother of three comely...
...summer vehicle Cars with Ratatouille, a tale about a rat who lives in a fancy French restaurant. Little is known of future projects, but Incredibles auteur Brad Bird has long wanted to direct a noir-style film, possibly based on Will Eisner's comic The Spirit. Meanwhile, creative kingpin John Lasseter, who has a deep affinity for traditional 2-D cel animation, is expected to revive that form in some way. He may even jump-start the long-dormant world-music spin-off of Fantasia, titled Musicana...
...fund company's profile. Yet starless American Funds, part of Los Angeles--based Capital Group Cos., zoomed past star-centric Fidelity Investments this year in total managed assets through September--$738 billion for American Funds, $716 billion for Fidelity. The company is on track next year to topple kingpin Vanguard ($774 billion), which rode the popularity of index funds to surpass Fidelity in 2003. American Funds has quietly become home to six of the 10 largest stock funds in the U.S.--including the biggest of them all, the $117 billion Growth Fund of America. More than $1 of every...
...commodities markets that Refco had dominated were holding up well last week. But there will be plenty of fallout elsewhere. A source close to Refco's largest shareholder, buyout kingpin Thomas Lee, says Lee figures his remaining Refco stake is worthless. Lee recouped $175 million in the Refco IPO. But he had invested $507 million for 57% of Refco in 2004, using funds from dozens of public and private pension systems, including California Public Employees' Retirement System, Pennsylvania State Employees' Retirement System, General Motors and Verizon. As a Refco insider (several Lee executives are on the Refco board...