Pilgrim Baxter founders to pay $160m
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WASHINGTON -- The two founders of the Pilgrim Baxter mutual fund family have agreed to pay $80 million each to settle regulators' charges of improper trading to benefit themselves and friends at the expense of longer-term shareholders, the authorities said yesterday.
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Chattem Inc.  on Friday said it plans to pay $410 million for the U.S. rights to five brands, including anti-diarrhea drug Kaopectate, from Johnson & Johnson  and Pfizer Inc.  as the drugmakers try to satisfy regulatory requirements for their own looming deal.
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Lone Star Funds, Dallas-based investment firm, will pay as much as $660 million to Dutch retailer Royal Ahold for Bruno&#39;s supermarkets.
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The founders of the PBHG mutual funds  agreed to pay $160 million in restitution and civil fines, and  to accept a lifetime ban from the securities industry to  resolve allegations they facilitated improper trading in the  funds, regulators said on Wednesday.
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Gary Pilgrim, once a poster boy for the hot-growth mutual fund mania and the cult surrounding their managers, and his partner Harold Baxter agreed yesterday to pay $80 million each to settle
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A US jury told Medtronic Inc., the world&#39;s biggest maker of spinal implants, to pay at least $109 million to an inventor for violating contracts and infringing his patents.
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Bank of America Corp. brought its Block by Block community reinvestment program to Massachusetts yesterday, kicking it off with a $40 million investment to turn an old Lawrence mill into 155 rental apartments that eventually will be converted to condominium units.
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Boston Scientific Corp. will pay $16.75 million to settle state investigations into flawed heart defibrillators sold by Guidant Corp. , whose substantial legal liability Boston Scientific inherited when it bought the firm last year for $27 billion.
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The founders of peer-to-peer file-sharing service eDonkey and its parent company, MetaMachine, said theyll pay $30 million to record companies to settle a copyright infringement case.
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Credit Suisse First Boston maintained a &quot;neutral&quot; rating and $43 target price on Eyetech (nasdaq: EYET - news - people ). News that the Retaane product from competitor Alcon (nyse: ACL - news - people ) missed
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The founders of the PBHG mutual funds agreed to pay &#36;160 million in restitution and civil fines, and to accept a lifetime ban from the securities industry to resolve allegations they facilitated improper trading in the funds, regulators said on Wednesday.
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The honor of paying the stiffest penalty in the long-running mutual fund trading scandal goes to former investment advisers Harold Baxter and Gary Pilgrim.
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Qwest, the US telecoms company founded by Millennium Dome entrepreneur Philip Anschutz, will pay $250m (Â£140m) to settle civil fraud charges, according to a union official briefed on the pact.
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International Business Machines Corp., one of the worldâs largest personal computer makers, announced its partnership with British bank, Lloyds TSB.
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Beacon Capital Partners LLC has agreed to buy Bay Colony Corporate Center, a prominent office complex on Route 128 in Waltham, for $274 million, according to real estate executives involved in the deal.
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$160m cash purchase to propel digital music market entry
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German computer chipmaker Infineon Technologies AG has agreed to plead guilty to price fixing and will pay a $160 million fine, the Justice Department announced Wednesday.