Jail bound: The CEO of Team Work Ready, a Houston-based physical therapy chain with locations in Louisiana, received a federal sentence of 19 years for conspiracy, health care fraud, wire fraud and money laundering. District Judge Ewing Werlein Jr. sentenced Jeffrey Eugene Rose Sr., 56, to 233 months in federal prison and ordered him to pay more than $14 million in restitution. During Rose’s trial, the jury heard testimony from 38 witnesses that TWR submitted millions in false and fraudulent claims for physical therapy services. Read the full story.
Tech trades: Microsoft is paying $7.5 billion for web developer site GitHub, The Wall Street Journal reports. CEO Satya Nadella said the all-stock deal pairs Microsoft with the “world’s leading software development platform.” GitHub, a San Francisco startup, was founded in 2008 and has grown sharply since announcing its first outside investment in 2012. It now counts about 28 million software developers around the world who use it to share code and build businesses. Microsoft said GitHub will retain its “developer-first ethos,” operate independently and remain an open platform. The deal is expected to close this year. Read the full story.
Struggling Southwest: The fatal accident on a Southwest Airlines flight this spring appears to be hurting the carrier’s business more than expected. Southwest said Monday that based on booking trends it expects a key revenue measure to fall 3% for the second quarter compared with last spring. Southwest says ticket sales are down because it reduced advertising after the April 17 accident when a woman was killed after an engine blew apart high over Pennsylvania and debris shattered the window next to her seat, pushing her partly through the opening. A federal investigation is underway. It was the first accident-related death of a passenger in Southwest’s history. Read the full story.
