Filed under: Bad news , Scandals David Friehling is only the second person to face criminal charges in the Bernard Madoff debacle. He served as Madoff’s auditor from 1991 to 2008 , though it’s hard to say if they’ll resume their relationship as cellies. For now, Friehling has only been charged (innocent until proven guilty, and such) with securities fraud, abetting investment adviser fraud and filing false reports with the SEC .

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Madoff bean-counter pleads not guilty

Filed under: Headline news , Housing When you’re serving your country, there’s a good chance you’ll move around a few times . .

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Military housing woes to persist for a while

Filed under: Earnings reports , Forecasts , Economic data The earnings crunch begins in earnest this week, and analysts surveyed by Thomson Reuters are expecting a parade of companies reporting profit declines in the just completed quarter. That includes more financials, such as American Express Co. (NYSE: AXP ), Bank of New York Mellon Corp.

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The week in preview: Earnings crunch expected to reveal lots of lower profits

Filed under: AFLAC Inc (AFL) , Eastman Kodak (EK) , Stocks to Sell Investors continued to sell Eastman Kodak (NYSE: EK ) during the second quarter, and shares bottomed at $2 per share. Looking forward, I recently added Eastman Kodak to my Penny Stock Winners model portfolio as a buy recommendation.

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Stock to avoid #9 — Eastman Kodak (EK)

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Filed under: United Technologies (UTX) , Stocks to Sell Don’t be deceived by the short-term performance of United Technologies (NYSE: UTX ). The weakness of the dollar in the second quarter helped push shares of this multinational manufacturer higher

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Stock to avoid #8 — United Technologies (UTX)

Filed under: Stocks to Sell To get an idea of how poorly United Airlines (NASDAQ: UAUA ) has performed, may I suggest viewing this little nugget . If United is breaking guitars as accused, I would fly another airline. As an avid guitar player myself, such carelessness is unacceptable.

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Stock to avoid #7 — United Airlines (UAUA)

Filed under: Stocks to Sell Similar to Dupont, I selected Eastman Chemical (NYSE: EMN ) as a stock to avoid due to rising input prices and low margins. It is a simple formula that cannot be broken: If a company cannot pass along higher costs, it will make less. The market has yet to grasp that concept with respect to EMN.

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Stock to avoid #6 — Eastman Chemical (EMN)