Plenty of airfare sales around, but it may not pay to wait for a lower priceOctober 5th, 2009 Airline fares may be leveling offThe great airline sale of 2009 may be ending. Air fares, which had declined steadily throughout this year, are beginning to show signs of stabilizing.
Citigroup completes sale of Japanese brokerage in $8.7 billion dealOctober 1st, 2009 Citigroup closes $8.7B sale of Japanese brokerageTOKYO — Citigroup Inc. has completed the sale of its Japanese brokerage to Sumitomo Mitsui Banking Corp.
Merrill Lynch pays $12.7M to settle Texas auction rate securities caseSeptember 14th, 2009 Merrill Lynch settles Texas case for $12.7MAUSTIN, Texas — Merrill Lynch will pay the state of Texas $12.7 million to settle an investigation into the brokerage firm's marketing and sale of auction rate securities, state officials said Monday. Texas Securities Commissioner Denise Voigt Crawford announced the settlement.
Telecom co. ADC reports $800,000 loss for 3rd qtr as sales plunge more than 25 pctSeptember 1st, 2009 ADC reports 3Q loss, compared to year-ago profitMINNEAPOLIS — ADC Telecommunications Inc. reported Tuesday that it lost $800,000 in its fiscal third quarter, compared with earning a profit a year earlier, because its sales plunged 25.8 percent.
American Airlines offers NY fare sales to boost traffic during slow travel periodAugust 19th, 2009 American offers NY fare sale during slow periodFORT WORTH, Texas — American Airlines said Wednesday it is offering a fare sale for flights between five cities and New York this fall, a typically slow time for travel. The airline said it would sell some seats for $69 each way between Miami and New York; $84 each way from Chicago; $99 from Dallas-Fort Worth; and $109 from San Francisco and Los Angeles.
Energy-efficiency equipment maker Comverge files registration to sell securitiesAugust 17th, 2009 Comverge files registration to sell securitiesEAST HANOVER, N.J. — Comverge Inc., a maker of energy-efficiency equipment, said Monday that it has filed to sell up to $100 million of securities.
GM says it will register 3.5 billion stock shares for sale next year; won't report 2Q earningsAugust 8th, 2009 GM to register 3.5 bln shares of stock for saleDETROIT — The new General Motors Co. plans to register 3.5 billion shares of stock to ready itself for a public offering sometime next year, using the proceeds to repay at least part of what it owes the U.S.
American Airlines closes sale of $276M in senior secured notesAugust 3rd, 2009 American Airlines closes $276M private debt saleFORTH WORTH, Texas — AMR Corp., the parent company of American Airlines Inc., said Monday it has closed the sale of $276 million in senior secured notes. The notes are due 2016 and will yield 13 percent.
Hindustan Unilever net profit dips 2.68 percentJuly 28th, 2009 MUMBAI - Net profits of fast moving consumer goods (FMCG) giant Hindustan Unilever dipped 2.68 percent to Rs.5,431.9 crore in the first quarter this fiscal from Rs.5,581.8 crore in the same period a year ago. The total income of the company increased 7.5 percent to Rs.44,758.8 crore in the first quarter of current fiscal from Rs.41,628.4 crore in the year-ago period.
SEC proposes requiring fuller disclosures by brokers in municipal securitiesJuly 15th, 2009 SEC proposes muni disclosure changesWASHINGTON — Federal regulators on Wednesday proposed tightening rules governing disclosures about municipal securities to aid investors in a multitrillion-dollar market used to finance schools, roads and hospitals around the country. Members of the Securities and Exchange Commission voted 5-0 at a public meeting to propose requiring brokers and dealers in municipal bonds and other securities to make fuller and more timely disclosures to investors.
Banc of America ordered to pay $3.6M fine to Texas over auction rate securitiesJuly 8th, 2009 Texas securities board imposes $3.6M fineAUSTIN, Texas — The Texas State Securities Board has ordered Bank of America Securities LLC and Banc of America Investment Services to pay a $3.6 million fine to the state. In a statement issued Tuesday, State Securities Commissioner Denise Voigt Crawford said the fine was imposed for misleading investors about the safety of the auction-rate securities market.
Economy outlook brightens, tax collection up 17 percentJune 5th, 2009 NEW DELHI - In yet another sign of the economy clawing back, direct tax collection in May rose to Rs.11,919 crore compared to the Rs.10,198 crore raised in the year-ago period when the global meltdown was still to hit India. This rise of about 16.88 percent is also in sharp contrast to the 3.19 percent negative growth witnessed in April.
Lawyer Dreier set to plead guilty to $700 million fraudMay 12th, 2009 Lawyer set to plead guilty to huge fraudNEW YORK — A prominent Manhattan lawyer has pleaded guilty to defrauding hedge funds of more than $400 million. Fifty-eight-year-old Marc Dreier on Monday pleaded guilty to conspiracy to commit securities and wire fraud, securities fraud, wire fraud and money laundering.
Madoff securities-trading business sells at NY auction for $25M, with proceeds to help victimsApril 28th, 2009 Madoff's trading business nets $25M at NYC auctionNEW YORK — A trustee overseeing the liquidation of Wall Street swindler Bernard Madoff's (MAY'-dawfs) assets has announced a winning bid of potentially more than $25 million for the securities-trading operation he ran. Irving Picard says Boston-based Castor Pollux Securities LLC will pay $1 million at closing and up to $24.5 million in deferred compensation through 2013.
Trustee says 3 new bids are made for Bernard Madoff's securities-trading operationApril 23rd, 2009 Trustee: 3 new bids arrive for Madoff's businessNEW YORK — A trustee says three new bids have been made for the securities-trading operation once run by fallen financier Bernard Madoff (MAY'-dawf). Trustee Irving Picard announced Wednesday the bids for the legitimate market-making business had been made to compete with one from Castor Pollux Securities.
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