A court-appointed examiner of the publisher’s 2007 buy-out found evidence of ‘dishonesty and lack of candour’ in the deal that led to the group’s insolvency
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Tribune deal marred by ‘dishonesty’
A classic choice between honour and expediency faces shareholders of the global car parts maker as they vote on a hotly debated plan to dismantle the group’s multiple-vote share structure
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Magna investors set to debate shares reform
The trustee in charge of tracking down losses from Bernard Madoff’s ‘Ponzi’ scheme has sued more three dozen affiliates and executives of Fairfield Greenwich Group, a feeder fund which is accused of knowingly participating and profiting from the fraud
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Madoff trustee sues Fairfield executives
CBC.ca US stock index futures down; Goldman results eyed Reuters Futures for the S&P 500 SPc1, Dow Jones DJc1 and Nasdaq NDc1 were down 0.2 to 0.3 percent at 0900 GMT, pointing to a lower open on Wall Street on Tuesday. … Stocks Can't Shake IBM Sales Miss TheStreet.com Market Updates: Goldman Sachs Group (NYSE:GS), IBM (NYSE:IBM), Harley-Davidson … Jutia Group US open: Stocks tumble as earnings disappoint MoneyWeek Jakarta Globe
A securities fraud lawsuit was filed on Friday, July 9, by Liberty Mutual Insurance Co. against Goldman Sachs Group Inc. The insurance company claims they lost $62.5 million due to Goldman misrepresenting Fannie Mae stocks in 2007. …
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Liberty Mutual Suing Goldman Sachs for Securities Fraud | Denver …
The fact that the internal candidates Jeff Urwin and Kevin Willsey were promoted to lead JPMorgan’s investment bank in Canada and the US shows how the group thrived while others suffered in the financial crisis
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JPMorgan names new joint leaders of US investment unit
Ex-NIR Analyst Pleads Guilty To Securities Fraud Wall Street Journal Federal authorities have been investigating the Roslyn, NY-based NIR Group and founder Ribotsky since at least 2009, The Wall Street Journal reported. … and more
Former NIR Group Analyst Accused of Securities Fraud Forbes (blog) The Wall Street Journal reported a few months ago that federal investigators were questioning individuals close to the firm about an alleged kickback scheme … and more
Discussions on a number of possible roles at the group, including a senior position within News Corp’s UK newspaper division
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Ex-Telegraph editor in talks with News Corp
Barr Rosenberg steps down as chairman of the US asset manager after an investigation into errors in the data systems used by the group he co-founded in 1985
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Shake-up at Axa Rosenberg
Reuters Goldman Sachs Gets More Time to Defend SEC Suit ABC News … judge agreed to give Goldman Sachs Group Inc more time to respond to a lawsuit filed by US securities regulators accusing the Wall Street bank of fraud . … Goldman Wins Delay In Replying To SEC Lawsuit FINalternatives Goldman Gets Extension In SEC Lawsuit Emii.com all 42 news articles
Although Sir Howard Stringer, Sony chief executive, has said this is the year of 3D across the group’s media properties and product lines, the electronics giant has no…
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Sony holds fire on 3D for PlayStation Portable
The Principal Traders Group appoints James Overdahl, the Commission’s former chief economist, as its first spokesman in a campaign to improve the high-frequency trading industry’s image
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Trading body hires former SEC official
Shares in the oil company tumbled more than 9% as Democratic senators called on the group to inject $20bn into a ring-fenced fund to clean up the Gulf of Mexico spill
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US seeks $20bn BP pay-out
Gold-denominated investments in the $34bn hedge fund manager run by John Paulson have more than doubled underlying returns in the group’s funds for clients
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Gold share classes boost returns for Paulson
Reuters India Aussie fund sues Wall Street's Goldman Sachs for $1.2bn subprime bill The Australian … hope of recovering some of their losses after the group launched an unprecedented $US1 billion ($1.2bn) lawsuit against Wall Street bank Goldman Sachs. … Goldman stock at new low amid deal scrutiny MarketWatch Analysis: SEC presses Goldman to “cry uncle” Reuters (press release) Goldman Faces Lawsuit Zacks.com Herald Sun
Australia may have seen its last rate hike for quite some time. Today the Reserve Bank of Australia Holds Rate at 4.5% to Gauge Market Turmoil. Australia’s central bank left its benchmark interest rate unchanged and signaled it may keep borrowing costs steady in coming months as it assesses the impact of the most aggressive rate increases in the Group of 20. Governor Glenn Stevens and his policy-setting board kept the overnight cash rate target at 4.5 percent, the Reserve Bank of Australia …
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Australia Holds Rates at 4.5%; Canada is First G-7 Country to Hike
Wall Street Tumbles On Spain Credit Downgrade, Intel (NASDAQ: INTC) Slumps istockAnalyst.com (press release) The Wall Street Journal reported Friday that Goldman Sachs Group Inc. (NYSE: GS) has told the Securities and Exchange Commission that the company hopes to … and more
Watchdog Group Calls Out Humane Society of the United States with Times Square … Consumer Freedom … and USA TODAY ad appeared last week in The Washington Post, The New York Times, Variety, and the Washington, DC edition of The Wall Street Journal. …
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Watchdog Group Calls Out Humane Society of the United States with Times Square … – Consumer Freedom
Microsoft announced that Robbie Bach, its longest-serving top executive and head of its entertainment and devices division, would leave the group
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Bach departs amid Microsoft shake-up
BP’s chairman faced down the company’s critics over its response to the oil spill in the Gulf of Mexico, insisting the group played a vital role in the US economy
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BP chief takes on critics in US
Reuters Report: Goldman, SEC not close to deal UPI.com NEW YORK, May 22 (UPI) — Goldman Sachs Group Inc. and US regulators aren't close to a deal to settle fraud charges, The Wall Street Journal reported. … Goldman and Washington's Wall Street Takeover Wall Street Journal Goldman Sachs Settlement May Hinge on How SEC Justifies Penalty BusinessWeek Get Ready for Goldman Sachs to Bounce! BloggingStocks (blog) Winnipeg Free Press
Inquiring minds are reading the Economic Policy Journal for clues on how much states are borrowing to make unemployment insurance claims. The totals are not pretty. As of May 20, the total balance outstanding by 32 states plus the Virgin Islands is $37.8 billion. The CINN Group accounts for $14 billion of it. California $6.9 Billion Illinois $2.2 Billion New York $3.2 Billion New Jersey $1.7 Billion The worst 4 grouping accounts for $17 billion, nearly 45% of the …
If a deal is concluded for Vodafone’s stake in its Egyptian arm, it would highlight how Vittorio Colao, chief executive, is interested in streamlining the group’s portfolio of assets – a a stark contrast with his predecessors
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Vodafone streamlining points to exit from Egypt
Homebuilder confidence is up again, but the headline does not tell the real story. Please consider Homebuilder confidence at 2-1/2 year high in May The NAHB/Wells Fargo Housing Market index increased three points to 22, the highest since August 2007, the group said in a statement. It was the second straight month of gains in the index. In addition to the tax credit, builders were also cheered by growing evidence that economy’s recovery from the longest and deepest recession since the 1930s was …
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Homebuilder Confidence at 2 1/2 Year High Yet Still in the Gutter; Huckster Hype Returns to Las Vegas
Peter Clarke, chief executive of Man Group, says that his company’s acquisition of GLG is “not a shotgun wedding”. But it certainly looks like a marriage of convenience
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Man looks to broaden horizons with GLG
The UK life insurer is preparing to launch its delayed $21bn rights issue on Monday morning, allowing Tidjane Thiam, the group’s chief executive, to make the financial case for the $35.5bn takeover of AIA, the Asian businesses of AIG
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Pru set for launch of delayed $21bn issue
The performance of ‘Alice in Wonderland’ was a big factor in the group’s second-quarter profits, which rose to $998m from $653m last time on earnings per share that exceeded the consensus estimate
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Disney’s box-office hit lifts profits
The board of General Growth Properties, the US shopping mall owner, has asked a bankruptcy court to approve a financing package from Brookfield Asset Management, recommending the $7bn standalone proposal in preference to a takeover offer from rival Simon Property Group
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General Growth favours Brookfield bid
NYSE Euronext reported a 25% rise in net profit for the first quarter, driven by higher derivatives trading and technology revenues, offsetting a decline in the group’s cash equity business
Warburg Pincus and Silver Lake Partners were close to an agreement on on a buy-out of Interactive Data in a deal valuing the group controlled by Pearson at more than $3bn
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Buy-out groups close in on IDC
Steve Jobs, the technology company’s chief executive, publishes an open letter elaborating why the group continues to reject the most widely used format for viewing internet videos
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Flash video rejection explained by Apple
Interpublic Group, which owns ad agencies such as McCann Worldgroup and Draftfcb, said that marketing spending was improving faster than it expected, as first-quarter losses narrowed
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Interpublic sees marketing spending improvements
Earnings at CME Group, the US’s largest futures exchange, jumped 21% in the first quarter, topping analyst expectations as interest-rate derivatives trading saw high volumes
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CME profits lifted by high trading volumes
stv.tv Goldman execs sold shares after fraud notice – report Sify … Goldman Sachs Group Inc sold company stock after the firm received notice of possible fraud charges, according to a report in the Wall Street Journal. … Why Ethics Matters Christian Post all 24 news articles
Goldman Execs Sold Shares After Fraud Notice: Report ABC News … Goldman Sachs Group Inc sold company stock after the firm received notice of possible fraud charges, according to a report in the Wall Street Journal. … and more
Goldman Sachs’ behaviour in Lloyds Banking Group’s November refinancing has drawn criticism from a surprising quarter: other investors in the deal
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Disgruntled bondholders round on Goldman
US regulators are preparing to decide whether to withdraw the group’s diabetes treatment or cancel a clinical trial assessing its risks against those of a rival medicine
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FDA steps up GSK drug scrutiny
Mexico, Brazil stocks hurt as Wall Street tumbles MarketWatch … tracking a slide on Wall Street that was triggered after the securities regulator in the US charged Goldman Sachs Group Inc. with fraud . … and more
General Electric may have to pay the Japanese bank millions of dollars over several years to cover repayment claims from borrowers of a moneylender it sold to the group in 2008
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GE faces huge Shinsei claims bill
The US handheld computing company that has been struggling to find a second act in the smartphone market hires outside advisers in a move that could lead to a sale of the group
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Palm acts over talk of Asian takeover
Penguin and Lagardere’s Hachette Book Group stumbled on the path to establishing a new business model for digital books, leaving some e-book titles temporarily unavailable on Amazon’s Kindle e-reader on the eve of the launch of Apple’s iPad device
The US Treasury Department on Thursday tapped former E*Trade Financial chief executive Donald Layton and former Electronic Data Systems chief executive Ronald Rittenmeyer for American International Group’s board of directors
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US Treasury to appoint two AIG directors
Users experienced wild swings in access to results on the group’s Chinese search engine, in a sign that the mainland is struggling to decide on the site’s level of censorship
Reuters ACORN to formally disband Reuters Republicans have long accused the group of fraud in registering voters and improperly mixing political and nonpolitical activities. … and more
Mark Robinson, a 25-year veteran at Citi with great expertise in emerging markets, is expected to take a similar regional role at ANZ Group, according one person close to the executive
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Citi’s south Asia chief quits
René Obermann, chief executive of Deutsche Telekom, believes a 3G network will enable the group’s US mobile business to stand out from its rivals and give it the chance to sign up new customers
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US woes temper Obermann’s accomplishments
Rupert Murdoch’s right hand man at News Corp is poised to be parachuted into the group’s struggling German pay-TV company as its new chairman amid Deutsche Telekom’s plans to expand its TV business
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Carey set to take helm at Sky Deutschland
The Valukas report highlights the fears of the UK bank and rivals over the group’s financial position, writes Henny Sender
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HSBC drew up exit plan amid liquidity fears
Apax Partners has been in talks with the video conferencing equipment maker about a deal to take the company private, which could value the group at more than $3bn
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Apax eyes Polycom as shares surge