World and people

Court Overturns Quattrone Conviction. A federal appeals court overturned the conviction on Monday of high-powered technology banker Frank Quattrone, granting him a new trial.
Chain of craft stores going on the block. IRVING, Texas -- Michaels Stores Inc., an arts and crafts retailer, put itself up for sale yesterday and said its longtime president and chief executive, R. Michael Rouleau, is retiring.