Highlights
A collection of news and information related to Morgan Stanley Dean Witter & Company published by Tribune Company sources.
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Freddie Mac overstated capital base
New York Times News ServiceThe government's planned takeover of Fannie Mae and Freddie Mac, expected to be announced as early as Sunday, came together hurriedly after advisers poring over the companies' books for the Treasury Department concluded that Freddie's accounting methods...Tags: Investments, Elections, Political Candidates, Fannie Mae, Mortgages
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THE WEEK IN STOCKS: Bottoming out or descending further?
Are stocks at the bottom or in a bottomless pit? It depends on which market guru you listen to. For hedge fund manager Barton Biggs, the stock market is "pretty close to a bottom" and may mount a "powerful" rally. But his former colleague Stephen Roach,...Tags: Financial Markets, Economic Indicator, Mutual Funds, Stock Activities, Stocks
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Chess player was rogue financial trader
A rogue trader is an employee making unauthorized trades for the company. Last June, Matthew Piper, 36, was fired after Morgan Stanley discovered he lost $120 million by faking profits earned on his deals at the end of each trading session. This fiasco...Tags: Game Playing, Derivative Securities, Chess Playing
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Fabulous Food, Fine Wine and Local Micro Brews
ESSEXThe Connecticut River Museum's RiverFare 2008 will be tantalizing taste buds once again on the waterfront in Essex on Thursday, Sept. 18, starting at 6 p.m. In its 15th year, RiverFare will feature signature dishes from the area's leading restaurants,...Tags: Financial Services, Distilling and Brewing Industry, Wine, Beer, and Spirits, Connecticut, Essex (Middlesex, Connecticut)
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A Tiger in the desert
Of The Associated PressTiger Woods is already the world's top-ranked golfer and highest-paid athlete. And if all goes according to plan, he'll soon be sporting his biggest trophy yet: a luxury golf course hewn from the sands of the Arabian desert. The ambitious project, touted...Tags: Sergio Garcia, Hotels and Accommodations, Donald Trump, Tiger Woods, Golf
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Report: Government May Soon Back Fannie, Freddie
Associated PressShares of mortgage finance companies Fannie Mae and Freddie Mac tumbled in after-hours trading Friday after a report by The Wall Street Journal said that the government may soon step in to provide a financial boost to the two companies. Details of the...Tags: Fannie Mae, Mortgages, Government, Ben Bernanke, Contracts
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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: Investments, Fraud, Merrill Lynch & Company Inc., The Goldman Sachs Group Incorporated, Mortgages
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SEC paves way for switch to international accounting system
The Associated PressWASHINGTON -- Federal regulators Wednesday proposed a plan to allow public companies to begin using international accounting standards for reporting financial results in two years, and may require them to do so starting in 2014. The push by the...Tags: Business Enterprises, Jack Reed, Accounting and Auditing, Securities, Corporations
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Tiger of a golf course takes shape
Associated PressDUBAI, United Arab Emirates—Tiger Woods is the world's top-ranked golfer and highest-paid athlete. And if all goes according to plan, he soon will be sporting his biggest trophy yet: a luxury golf course hewn from the sands of the Arabian desert....Tags: Sergio Garcia, Donald Trump, Tiger Woods, Golf, Wine, Beer, and Spirits
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Gimme a 'V'! Or would that be a 'W' or 'U'?
Associated PressWall Street, meet Sesame Street. Bulls, bears and Nobel laureates are talking a lot about letters as they try to predict the shape of the charts that will describe the economy's downturn and recovery. Will this roller coaster follow the path of a "U," a...Tags: National Government, Economy, Economic Indicator, Corporate Officers, Distilling and Brewing Industry
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Oracle's Larry Ellison is top-paid chief executive
Oracle Corp. founder Larry Ellison, a fixture on the list of the world's richest people, is now atop The Associated Press' rankings of the top-paid chief executives in the United States. Ellison, never shy about flaunting his estimated $25 billion...Tags: Gap Inc., Corporate Officers, Nabors Industries Incorporated, Oracle Corp., The Goldman Sachs Group Incorporated
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Timing Is Tricky With Retail Stocks
When should you head to the clearance rack of retail stocks? Not yet, says Morgan Stanley retail analyst Gregory Melich. There are probably a series of markdowns yet to come. Hints of the future were plentiful last week. Target Corp. stock fell when the...Tags: Target Corporation, Economy, Economic Indicator, JC Penney Company Incorporated, Petroleum Industry
Sep 7, 2008
|Story| Chicago Tribune
Sep 7, 2008
|Story| Newsday
Sep 7, 2008
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Sep 7, 2008
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Sep 6, 2008
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Sep 6, 2008
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Sep 4, 2008
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Aug 28, 2008
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Aug 26, 2008
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Aug 26, 2008
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Aug 22, 2008
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Aug 24, 2008
|Story| Hartford Courant
