BlackRock Spending $1.7 Billion to Get âFund of Fundsâ Operation
687823
The rapidly growing asset management company said it had acquired the âfund of fundsâ business of the Quellos Group.
549502
As Congress debates taxes on hedge funds and private equity firms, Blackstone has devised a way for its partners to avoid paying taxes on $3.7 billion.
44992
Federal regulators yesterday announced nearly $7.7 million in settlements with six companies accused of calling people on the national Do Not Call list.
597512
NEW YORK --The mutual fund touted on the Web site sounded familiar, but a guaranteed annual return of 657 percent raised eyebrows at a watchdog group. Within days the bogus site had been yanked by federal authorities, who launched ...
531206
Socially responsible funds are raking in the assets.
145142
The nationâs largest mortgage lender and loan servicer reported a $1.2 billion loss in the third quarter of 2007 but said that it expected to return to profitability by the end of the year.
477763
Long-Term Capital Management LP, whose failure in 1998 forced a bailout by Wall Street&#39;s biggest investment banks, has to pay $56 million in tax and penalties after a judge said the hedge fund claimed an improper deduction.
426489
An agreement has been reached to lend 1.7 million barrels of oil from the government&#39;s Strategic Petroleum Reserve to two companies whose refineries were running short of crude
604133
The Agriculture Department sent $1.1 billion in farm payments to more than 170,000 dead people over a seven-year period, congressional investigators say.
726641
Partners of private equity firm  Blackstone Group  may have devised a way to avoid paying  tax on $3.7 billion raised largely in the firm&#39;s initial public  offering last month, according to a regulatory filing.
674746
Fremont Investment Advisors has agreed to pay $2.1 million in restitution and $2 million in civil penalties to end federal and state mutual fund timing cases, New York Attorney General Eliot Spitzer said yesterday.
641679
Abbey bank cancels about 1,000 credit and debit cards after receiving a security warning over an online merchant.
368970
Business & money: City gripped by speculation that a major high street bank has been forced to borrow Â£1.6bn from the Bank of England to see it through a cash-flow problem.
749183
(InfoWorld) - Brocade Communications Systems has agreed to pay a $7 million penalty to settle charges of stock-option backdating fraud. The payment will settle a civil action brought by the U.S. Securities and Exchange Commission and comes with a permanent injunction against the storage networking company not to break various accounting laws. The SEC's action, announced Thursday, signals that the agency will take strong action against companies accused of backdating fraud. Scores of high-tech companies have either come under federal investigation or started their own probes related to the practice. Former Brocade executives granted tens of millions of stock options to employees and falsified the dates of those grants so that they could hide the cost of the options from shareholders, the SEC charged. Brocade did not admit to or deny the charges. The settlement concludes the SEC action, and Brocade said it does not expect the Department of Justice to take any action against it. "Falsifying compensation expenses is no less misleading to investors than falsifying revenue," said Linda Chatman Thomsen, director of the SEC's enforcement division, in a statement. Brocade's former chairman, president and CEO, Gregory Reyes, as well as former human resources chief Stephanie Jensen and former Chief Financial Officer Antonio Canova, were charged last July with fraud and other securities law violations. "The SEC will use all the weapons in our arsenal, including significant corporate penalties, to protect investors and combat fraudulent stock option backdating," SEC chairman Christopher Cox said in a statement. Backdating is legal and was a common practice in the fevered high-tech job market of the late 1990s as vendors competed for talent with attractive financial packages. But some of the biggest names in IT, including Apple, Broadcom, and McAfee, have been hit by concerns over how they carried it out.ADVERTISEMENTIBM Information On Demand 2006Industrial Industry Leaders, please join us at IBM's premier information management global event, IBM Information On Demand 2006, October 15-20, Anaheim, CA. More IBM business and technical solutions content in one place than ever before! Select from  over 800 sessions. Register today!
92492
Under the dealâs terms, Blackstone must pay a $170 million breakup fee if certain conditions occur, like a severe decline in Alliance Dataâs financial health.
139054
Assets of the nation's retail money market mutual funds fell by $1.06 billion in the latest week to $917.70 billion, the Investment Company Institute said Thursday.
284728
ABN Amro, the biggest Dutch bank, yesterday announced it would take a one-off â¬790m ($1bn) charge as it slashes 2,850 wholesale banking and back-office jobs, confirming a report in yesterday&#39;s FT.