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January 21, 2010
SEC litigation release for General Re
Litigation Release No. 21384...January 20, 2010 Securities and Exchange Commission v. General Re Corporation, Civil...Charges General Re Corporation for Role in AIG and Prudential Accounting Frauds The Securities and Exchange Commission...charged General Re Corporation for its involvement in separate schemes...Prudential Financial, Inc. to manipulate... By
January 27, 2010
Upbeat McGraw-Hill hopes to benefit from Apple tablet
...education business and continued strength in the college and university market. Highlighting double-digit growth in revenues from e-books, Mr McGraw said: "In the near future you'll undoubtedly...to Lehman Brothers mortgage-backed securities litigation. By Andrew Edgecliffe-Johnson in New York
2:00am
Google takes networking fight to Facebook with launch of Buzz
...on the booming social networking business in an attempt to win back ground lost to fast...We will have access to those things you're interested in, those posts you read," said Sergey Brin...unsuccessful attempts to strengthen its foothold in social networking, including a service... By Richard Waters in Mountain View
January 26, 2010
Earnings better than expected at McGraw-Hill
...Highlighting double-digit growth in revenues from e-books, Mr McGraw said: “In the near future you’ll undoubtedly see...share revenue with Apple”, he said. in an apparent reflection of concerns...to Lehman Brothers mortgage-backed securities litigation. By Andrew Edgecliffe-Johnson in New York
January 18, 2010
Leader of Guinea’s junta to stay in exile
...bringing to a close his turbulent year in control of the West African state. “The...Said Djinnit, special representative in West Africa of Ban Ki-moon, UN secretary...neighbouring Ivory Coast, Liberia and Sierra Leone, all of which are recovering from...Konaté has been seeking to close rifts and re-establish discipline in the armed forces and has been more flexible... By Tom Burgis in Kaduna
8:42pm
Google’s Buzz to take on Facebook
...on the booming social networking business in an attempt to win back ground lost to fast...will have access to those things you’re interested in, those posts you read,” said Sergey Brin...unsuccessful attempts to strengthen its foothold in social networking, including a service... By Richard Waters in Mountain View, California
January 21, 2010
General Re fined $92m for alleged sham sales
...increased its loss reserves in the final quarter of 2000 and...quarter of 2001 by $500m. Gen Re also allegedly entered into sham...improperly recognise more than $200m in revenues in 2000, 2001 and...2006, the SEC charged AIG with securities fraud and improper accounting...financial reporting violations in 2008. Prudential said there...Wednesday, prosecutors said Gen Re admitted that its most senior... ByJoanna Chung in New York
January 21, 2010
General Re in $92m settlement over sham transaction allegations
...Consumer Fraud Fund and $12.2m to the US Securities and Exchange Commission, regulators...5m to AIG's shareholders. "Gen Re arranged to sell financial products...said Andrew Calamari, of the SEC in New York. Yesterday's settlements...reserves - a key performance indicator - in the final quarter of 2000 and first quarter of 2001 by a total of $500m. Gen Re also allegedly entered into sham contracts...improperly recognise more than $200m in revenues in 2000, 2001 and 2002. In 2006, the SEC charged AIG with securities fraud and improper accounting. The... By Joanna Chung in New York
February 5, 2010
Tullett case laid bare interdealers’ world
...employer, of being involved in an alleged £40m unlawful...trading desks buying and selling securities and derivatives.Headhunters...500 individuals who matter in the industry in London. Average...it will take many years to re-build these teams and the key...880,000 each.“They’re worth gold dust,” says Tej...poaching have been endemic in an ultra-competitive business...recruitment occurs in this industry, litigation often follows.BGC claimed this... By Jane Croft and Alistair Gray
2:00am
Morcombe quits role of chief at Alphameric
...at last year's annual meeting, winning re-election in spite of Mr Lewis's efforts to remove...annual meeting of Mitchells & Butlers, in which he holds a 23 per cent stake, effecting...said Mr McGuire."Alan leaves the company in better shape now and concluded a number... By Roger Blitz, Leisure Industries Correspondent