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PRESS DIGEST - Washington Post Business - July 3

Wed Jul 2, 2008 11:43pm EDT

WASHINGTON, July 3 (Reuters) - The Washington Post included the following items on the front page of its business section on June 3.

Stocks

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A hedge fund manager who faked his own suicide and went on the run after being convicted of defrauding investors of millions of dollars turned himself in Wednesday at a police station in Massachusetts.

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Bush administration officials told Hunt Oil last summer that they did not object to its efforts to reach an oil deal with the Kurdish regional government in northern Iraq, even while the State Department was publicly expressing concern that such contracts could undermine a national Iraqi petroleum law, according to documents obtained by a House committee.

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A cozy relationship between the Federal Aviation Administration and Southwest Airlines led to safety lapses last year that put thousands of passengers at risk, according to a government report released Wednesday.

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Edward Rudnic, MiddleBrook Pharmaceuticals's chief executive, plans to leave the company he founded in exchange for an outside investment of $100 million.

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