WHY IS BURGER KING DOING DNA TESTING? — The hamburger chain told Bloomberg Businessweek that it will test its meat to make sure there is no horsemeat mixed in with the beef, after reports surfaced that a meat wholesale company, Silvercrest Foods, sold beef containing horse meat to other retailers. A statement by Burger King, released to PR Newsire, said the company will test specifically for equine DNA. A company vice president for quality said that the details of the testing plan are still being worked out.
HOW DID JAILED INVESTOR BERNARD MADOFF MAKE MILLIONS OF DOLLARS? — A biopharmaceutical company partly owned by the Madoff family had an initial public offering last week that sold $33 million worth of stock. The New York Post reports that Madoff’s initial $2.2 million investment in the company, Stemline Therapeutics, is now worth $5.5 million on paper. But the disgraced scammer’s claim to the money was immediately contested by a trustee overseeing efforts of defrauded former clients to recover some of the money they lost. Madoff, 74 is serving a prison term of up to 150 years.
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