August 4th, 2010
Bob Rubin and Hank Paulson. Vernon Jordan practically lives in the intersection of finance and politics. Heck, even John Edwards took a sabbatical at private equity/hedge fund firm Fortress Investment Group (FIG) between campaigns. Although Edwards’ explanation — that he wanted to understand more about how Wall Street worked so as to be better […]
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April 22nd, 2010
Still scrambling to file your taxes or waiting (still) on your refund? Companies around the country are trying to relieve the Tax Day sting with freebies and special deals.
Free brewed coffee. Stop by your corner Starbucks (SBUX, Fortune 500) with a travel mug for a free fill-up. The deal is part of the […]
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April 10th, 2010
U.S. Bankruptcy Judge Charles E. Rendlen III on Wednesday issued a temporary order that freezes the personal assets of US Fidelis owners Darain and Cory Atkinson and halts most lawsuits against the brothers.
The order, sought by creditors of the Wentzville-based seller of auto service contracts, expires July 8. The company filed for bankruptcy […]
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January 23rd, 2010
As if being a banker in Missouri isn’t tough enough these days, Peter Benoist of Enterprise Bank wants to set up shop in the real estate disaster zone known as Phoenix — in the skeleton of a failed bank, no less.
The banking business in Arizona is sickly indeed. The state’s banks have lost […]
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December 17th, 2009
Norges Bank will probably keep the benchmark interest rate unchanged today, after becoming the first central bank in Europe to lift borrowing costs, as lower oil spending next year slows the pace of economic growth.
The Oslo-based bank will leave the overnight deposit rate at 1.5 percent, according to 11 of the 13 economists […]
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November 21st, 2009
Torstar Corp.’s board of directors unanimously confirmed David Holland as president and chief executive officer on Thursday.
Holland, a chartered accountant who has worked for Torstar since 1986, had held the position on an interim basis since May.
Torstar owns the Toronto Star and thestar.com, as well as Harlequin Enterprises, Torstar Digital, Metroland Media Group and […]
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November 6th, 2009
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and a bevy of white-shoe advisers.
In complaints that read like scripts for the TV series “The Sopranos,” investigators alleged suspects dropped off bags full of cash, used […]
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November 2nd, 2009
What do you know? The suits at troubled finance firm GMAC must like working for less money. How else to explain that GMAC is reportedly trying to get a third helping of government rescue funds?
GMAC is one of the seven firms that the Obama administration announced sweeping changes in executive compensation for last […]
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October 26th, 2009
Legg Mason Inc.’s Bill Miller said odds may not favor Mohamed El-Erian’s forecast for a prolonged period of below-average economic growth.
Miller, the manager of the Legg Mason Value Trust, wrote in a letter sent today to investors that El-Erian’s perspective is an “inside view” that makes a prediction about the future based on […]
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October 22nd, 2009
Russia’s central bank warned that reduced access to credit is one of the bank’s main concerns, signaling policy makers haven’t finished cutting interest rates.
“Stress tests show that the situation isn’t ideal,” First Deputy Chairman Gennady Melikyan told reporters at a conference in Moscow today.
The central bank has lowered the key rate seven […]
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