It has been reported that the National Science Foundation has suspended more than $2 million in grants to the University of Connecticut.
The move came after a foundation investigation found that two of the university’s professors used the grant money to buy products from their own company, Connecticut state auditors revealed Friday.
Auditors John Geragosian and Robert Ward also said that officials of the university failed to inform the auditors about the suspended grants.
The US stock market has worked hard for direction of late, but payroll report of next week might tell whether the latest weakness in economic data…
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