Highlights
A collection of news and information related to Investments published by Tribune Company sources.
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Scam savvy
Special to Newsday'They said, 'Don't worry.' They took me in a limo to their office. They said, 'Sign here, sign there,' and I did." And that's how Priscila Nano, 66, a divorcee, came to lose the house in Great Neck that she'd lived in and loved for 29 years. Nano is not...Tags: Theft, Funeral Parlor and Crematorium, Alzheimer's Disease, Corporate Crime, Foreclosures
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Pair charged in fraud
Associated PressFederal prosecutors and regulators accused two former Wall Street brokers yesterday of defrauding customers by making more than $1 billion in unauthorized purchases of securities tied to subprime mortgages. In an indictment unsealed in federal court in...Tags: Local Authority, Prosecution, Corporate Crime, Lawyers, Securities
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Talkback: Concerned About Higganum Center
I have been contemplating writing this letter for a few weeks regarding Higganum center businesses. Where is our center going? The Country Market has signed the lease and will be moving to Tylerville in the fall. Rumors come and go about another market...Tags: Road Transportation, Tourism and Leisure, State Budgets, Theme Park Vacations, Soccer
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S. Korean lender in talks for Lehman
Associated PressThe head of Korea Development Bank said early today that the state-owned lender is in talks to acquire troubled U.S. investment bank Lehman Brothers, South Korea's Yonhap news agency reported. KDB Governor Min Euoo-sung said discussions were under way...Tags: Merrill Lynch & Company Inc., Investment Service, Lehman Brothers Holdings Incorporated, Business Enterprises, Banking
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Orders For Durable Goods Exceed Expectations
Associated PressU.S. factories saw a surprisingly hefty increase in their orders for big-ticket products in July, reflecting continued strength in export sales and a boost to business investment from the government's tax stimulus package. Economists, however, remain...Tags: Economic Indicator, New York, Boeing Co., Lehman Brothers Holdings Incorporated, Foreign Exchange Market
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Steelworkers ask for strike authoriazation against ArcelorMittal
Associated PressThe United Steelworkers union has asked more than 14,000 of its members at facilities run by ArcelorMittal, the world's largest steelmaker, to allow it to call a strike if ongoing contract negotiations fail. The Pittsburgh-based labor union said in a...Tags: Contracts, Ohio, Strikes, Montana, Unions
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California firm offers to buy Long Island mall company
james.bernstein@newsday.comFeldman Mall Properties, the Great Neck-based real estate investment trust that lost millions in the past year as a credit crisis has gripped the mortgage and financial markets, now has a suitor - a California company offering $17.7 million. MacKenzie...Tags: California, Investment Service, Financial Markets, Mutual Funds, Long Island
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Craig Donohue turned CME Group into a futures trading powerhouse, but the battle's not over
In just two years, CME Group Chief Executive Craig Donohue has shaken up the century-old futures establishment, securing Chicago's place as an epicenter of global finance when it seemed just as possible that the city could lose out. He snapped up the...Tags: E-Commerce Industry, Restructuring and Recapitalization, Mergers, Acquisitions and Takeovers, Applied Science, New York Mercantile Exchange
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Quogue mayor indicted on securities fraud
robert.kessler@newsday.comThe mayor of the upscale East End village of Quogue was indicted yesterday on charges of illegally earning at least $1.3 million for his investment firm through securities fraud and impeding a federal investigation by altering firm documents. Reached...Tags: Regional Authority, Prosecution, Quogue, Corporate Crime, Lawyers
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Financial planner helps club
247-4781Financial planner Jayne Di Vincenzo advises the Oyster Pearls, an investment club for women of any age, any profession — including homemakers. "Our goal is to have fun learning about stocks, asset allocation, the economy and just enjoy each other's...Tags: Investment Service, Petroleum Industry, Personal Finance, Health Insurance, Mutual Funds
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Shareholder challenges funding by Magna parent
The parent of Magna Entertainment Corp., which owns Laurel Park and Pimlico Race Course, must stop funding the racetrack company's operations at the behest of its founder, a dissident shareholder of MI Developments Inc. said yesterday in a regulatory...Tags: Pimlico Race Course, Casino and Gambling Industry, New York, Tourism and Leisure, David Einhorn
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Assistant to NYC investment firm chief pleads guilty
A former personal assistant who is suing a New York City investment firm chief for sexual harassment has pleaded guilty to grand larceny charges accusing her of using his credit card to buy clothing and other personal items. Prosecutors say Fatima...Tags: Trials, Crimes, Punishment
Sep 5, 2008
|Story| Newsday
Sep 4, 2008
|Story| Baltimore Sun
Sep 1, 2008
|Story| Hartford Courant
Sep 2, 2008
|Story| Baltimore Sun
Aug 28, 2008
|Story| Associated Press
Aug 26, 2008
|Story| Chicago Tribune
Aug 26, 2008
|Story| Newsday
Aug 31, 2008
|Story| Chicago Tribune
Aug 28, 2008
|Story| Newsday
Aug 28, 2008
|Story| Hampton Roads Daily Press
Aug 27, 2008
|Story| Baltimore Sun
Aug 20, 2008
|Story| Associated Press
