Univ. of Calif., Lehman Reach Settlement
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The University of California said on  Friday that Lehman Brothers LEH.N has agreed to pay $222.5  million to settle a class action suit for the bank's role in  the sale of Enron Corp. ENRNQ.PK securities to it and other  plaintiffs.
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U.S. investment bank Lehman Brothers  Holdings Inc. LEH.N on Wednesday said fourth-quarter profit  rose 22 percent on continued strength from fixed-income  businesses and record investment banking revenue, signaling an  outstanding quarter for the rest of Wall Street.
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Lehman Brothers has agreed to pay $222.5 million to settle a class-action lawsuit contending that it and other brokerage firms and banks helped Enron mislead investors.
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American Express, which fought for the right to sign deals with banks that issue cards on the Visa and MasterCard networks, said that it won a contract with Citigroup.
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Lehman Brothers Holdings Inc. LEH.N  Chairman and Chief Executive Richard Fuld received $26.3  million in compensation last year, a 33 percent increase from a  year earlier, as profit rose to a record.
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Delta Air Lines Inc. and the Pension Benefit Guaranty Corp. have reached a settlement over key issues related to the carrier's request to terminate its pilots' pension plan.
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NEW YORK, Aug. 26 -- Wall Street passed a significant milestone on Thursday, as two investment banks agreed to pay a combined $100 million to settle charges that they published overly bullish research reports on questionable companies to win their investment banking business.
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ANAHEIM, Calif. The Anaheim Angels and outfielder Jose Guillen have reached a financial settlement to resolve his grievance. Guillen filed the grievance after the team recently suspended him without pay for the rest of the season.
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Deutsche Bank Securities Inc. and Thomas Weisel Partners agreed to pay a combined $100 million to settle charges involving conflicts of interest between research and investment banking, US regulators said on Thursday.
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U.S. investment bank Lehman Brothers  Holdings Inc. LEH.N on Wednesday said fourth-quarter profit  rose 22 percent on continued strength from fixed-income  businesses and record investment banking revenue.
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The brokerage unit of Deutsche Bank has voluntarily agreed to pay almost $90 million in compensation to settle allegations of misconduct, US regulators announced Friday.
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Ernst & Young LLP ERNY.UL, one of  the four largest U.S. accounting firms, agreed Friday to pay a  total of $125 million to settle U.S. claims arising from its  audits of a failed Illinois savings bank, regulators and the  company said.
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SAN FRANCISCO (CBS.MW) -- Lehman Brothers agreed to pay $222.5 million to settle an Enron securities class action suit, the University of California said Friday.
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ROCHESTER, NY Eastman Kodak has reached an out-of-court settlement with Sun Microsystems over the damage phase of Kodak&#39;s successful lawsuit regarding Sun&#39;s Java computer programming language.
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Richard S. Fuld Jr., the chairman and chief executive of the brokerage firm Lehman Brothers Holdings, made $40.6 million in compensation last year after the company reported near-record profits, according to a regulatory filing yesterday.
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U.S. investment bank Lehman Brothers  Holdings Inc.  on Thursday said its fiscal  fourth-quarter profit rose 22 percent on increased income from  mergers, offerings and trading.
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The University of Pennsylvania and the Children's National Medical Center have agreed to pay a total of more than &#36;1 million to settle fraud allegations related to the death of a teenager during a gene therapy experiment.