Penthouse ramped sales, SEC says
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Adult magazine Penthouse inflated 2003 sales by $1m (Â£532,441), the US Securities and Exchange Commission (SEC) says.
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Stocks were set to push a little higher on the last trading day of the year, but data on existing home sales could limit any advance.
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A rush of multibillion-dollar buyouts  has catapulted the volume of private equity deals to their  highest level on record, data published on Tuesday shows.
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The stock has soared thanks to homebuilders, but not enough profits are built into the price.
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Sales of existing U.S. homes surged by an unanticipated 3.1 percent in September as low mortgage rates fueled home buying, a trade association said on Monday.
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Housing data showed that sales surged in April by the largest jump in 14 years, dampening hopes of an interest rate cut to stimulate the economy.
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Sales of previously owned homes nudged up in November, but that didn't improve the broader picture of a feeble housing market racked by record-high foreclosures and harder-to-get credit.
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Shares of Tiffany & Co.   climbed as much as 6.8 percent and its options volume surged on  Monday on renewed speculation that the fine jewelry retailer  could be a possible target for a takeover.
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Adult magazine publisher Penthouse  International Inc. PHSL.PK defrauded investors in a 2003  quarterly financial report, U.S. regulators charged on Monday  in a legal action.
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THE REGION Mortimer Zuckerman, chairman of Boston Properties Inc., sold about $75 million of shares in the real estate investment trust, benefiting from a soaring market for commercial office properties. Zuckerman, who also is owner of the New York Daily News, sold 579,222 common shares according to data from Securities and Exchange Commission filings compiled by the Washington Service. Boston ...
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Adult magazine publisher Penthouse  International Inc. defrauded investors in a 2003 quarterly  financial report, U.S. regulators charged on Monday in a legal  action.
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U.S. stocks pared losses and the Standard & Poor's 500 index  briefly turned positive on Tuesday after a report showed the pace of existing home sales unexpectedly rose in October.
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Fannie Mae, the largest U.S. home  financier whose top two executives left under fire with the  company significantly undercapitalized, said on Wednesday it  may privately sell up to $4 billion of preferred stock this  week.
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Countrywide Financial Corp., the largest U.S. mortgage lender, said on Monday that foreclosures rose to a five-year high and turmoil in the subprime market may hurt earnings, and its shares fell.
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Home builders and financial issues,  the biggest casualties of the subprime lending meltdown, were  hit again by tax-motivated selling in recent weeks but could  rebound a bit early in the new year, money managers said on  Monday.
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The U.S. housing market may be a seller's nightmare but Manhattan's was a dream in the fourth quarter as foreign buyers pushed up demand while supply stayed tight, sending the average sales price to a record high.
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Wall Street advanced as investors awaited a report on sales of previously owned homes that might give the Federal Reserve more reason to cut interest rates.