Documents show Madoff worth $823M
NEW YORK - Newly filed court documents show Bernard Madoff and his wife had a net worth of more than $823 million at the end of last year.
The document detailing the Madoffs' assets was contained in papers his lawyers filed Friday in an effort to get him freed on bail.
The document shows the Madoffs owned four real estate properties worth $22 million and had $17 million in cash and a $7 million yacht, among other assets.
Madoff was sent to jail Thursday after he pleaded guilty to 11 felony counts, including securities fraud. His $10 million bail was immediately revoked.
The 70-year-old Madoff faces up to 150 years in prison at a June sentencing.
Washington Post eliminates Biz section
WASHINGTON - The Washington Post is eliminating its standalone Business section on weekdays and folding business coverage into the 'A' front section, the newspaper announced Friday.
The Post is also eliminating daily stock listings. It will instead offer a half-page of statistics and graphics that will focus on prices of major and local stocks and other economic data.
Many newspapers have been eliminating standalone business sections to cut production costs amid plunging advertising revenue.
Man charged in fire deaths of woman, child
CHICAGO - A reputed gang member is accused of killing a pregnant woman and her 7-year-old child by setting their Chicago apartment building on fire.
Police said 18-year-old Jovan Djurdilov is charged with first-degree murder and aggravated arson for a January blaze that killed 23-year-old Roxanne Ocampo and her daughter, Itzel Fernandez. Several others were injured in the fire.
Police said Friday that Djurdilov is a member of the Spanish Cobras gang. They say he set the fire to try to kill a rival gang member.
Police: No foul play in Vermont student's death
MONTPELIER, Vt. - A Middlebury College freshman who died under mysterious circumstances last year was drinking heavily in the hours before he vanished from campus and investigators found no evidence to suggest it was anything more than an accident, according to a new report.
Nicholas Garza, 19, of Albuquerque, N.M., disappeared Feb. 5, 2008, during a winter break at the college, prompting months of searching. On May 27, his body was found in a nearby creek.
An autopsy found no signs of assault or other trauma, but it failed to pinpoint a cause of death. Police Chief Tom Hanley said Friday it may never be known how Garza died.
'We will never be able to say how he got into the creek, because there are no witnesses,' he said.
Ginsburg says possible open seat on court
BOSTON - Justice Ruth Bader Ginsburg told law students Friday there could be an opening on the Supreme Court soon but didn't hint at who might be leaving.
Ginsburg, who spoke at New England Law's annual 'Law Day,' said the nine justices only take pictures together when a new member is added. 'We haven't had any of those for some time, but surely we will soon,' she said.
She did not elaborate and declined to take questions from reporters at the event.
Court watchers suggest Ginsburg, 88-year-old John Paul Stevens and 69-year-old David Souter are the most likely to retire.
Stevens has repeatedly said he still enjoys his work and has hired law clerks for the term that begins in October.
Deliberations start in Minn. Senate battle
ST. PAUL, Minn. - Judges began deliberating Friday in the dispute over Minnesota's vacant Senate seat, where they must decide if Republican Norm Coleman proved there were enough flaws in the election and a recount to invalidate Democrat Al Franken's 225-vote recount win.
Attorneys for both candidates delivered closing arguments earlier Friday, capping a seven-week trial that painstakingly dissected the closest Senate election in American history.
Franken lawyer Kevin Hamilton argued that Coleman, a former senator, had failed to offer enough evidence to enable him to overcome his Democratic challenger's lead.