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SEC accuses city of Victorville, officials of fraud
Federal securities regulators have accused the city of Victorville, an official, the airport authority and municipal bond underwriters of fraud stemming from a 2008 offering. The Securities and Exchange Commission on Monday accused the parties of...
Tags: Justice System, Crime, Law and Justice, Viral Diseases and Infections, Bonds, Securities
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Heritage Bankshares reports drop in profit
Heritage Bankshares, Inc. reported a 27 percent drop in first-quarter profit from $630,000 in 2012 to $459,000 in 2013. The fall in net income for the parent company of Heritage Bank included a $90,000 charge related to the closure of two branches,...Tags: Norfolk (Norfolk, Virginia), Ocean View, Economy, Business and Finance, Finance
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Facebook's Mark Zuckerberg, Sheryl Sandberg get big payouts
SAN FRANCISCO -- Facebook executives leaned in to some big payouts in 2012. Chief Operating Officer Sheryl Sandberg received $26.2 million in compensation, making her the highest-paid executive at the giant social network for the second straight year....
Tags: Mark Zuckerberg, Media Industry, Social Media, Science and Technology, Economy, Business and Finance
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FBI arrests Century City man in alleged Ponzi scheme
FBI agents arrested a Century City man for allegedly running a multimillion-dollar Ponzi scheme that primarily targeted the Persian-Jewish community in Los Angeles, according to the U.S. attorney’s office. Shervin Neman, whose given name is...Tags: FBI, Justice System, Lawyers, Crime, Law and Justice, Prosecution
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Smithfield and Continental Grain continue to butt heads
Daily PressA large Smithfield Foods shareholder made the case Thursday that the Isle of Wight County pork giant needs to trim down and focus more squarely on its profitable packaged meats business, setting the table for a proxy war at the company's next annual...Tags: Smithfield Foods, Smithfield, Shareholders, Economy, Business and Finance, Prices
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SeaWorld increases IPO to more than $500 million
Shamu plans to soak Wall Street with a greater splash than previously thought. SeaWorld Entertainment Inc. — the company known for its performing killer whale — could raise $540 million in an initial public offering on the New York Stock...
Tags: Recreational and Sporting Goods Industry, Theme Park Vacations, Busch Gardens Orlando, Financing and Stock Offerings, Travel
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Ralph Lauren Corp. to pay $1.6 million to resolve bribery claims
Ralph Lauren Corp., the American maker of luxurious preppy fashions, will pay $1.6 million to settle bribery claims related to its dealings in Argentina. In a 2010 internal review, the clothing company uncovered evidence of a subsidiary bribing...
Tags: Corporate Crime, Corruption, Microsoft Corporation, Bribery
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Scams blocking Chinese investors' path to U.S. green cards
Jianwei Li and two other wealthy Chinese businessmen thought they had a sure thing when they wired $1 million each to a California firm that had promised to build a fine Chinese restaurant in the Bay Area city of San Bruno. The project had an alluring...
Tags: U.S. Senate Committee on the Judiciary, China, Interior Policy, Justice System, Marketing
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Consumer agency urges standards for financial advisors to seniors
WASHINGTON — Older Americans can be confused by dozens of special designations for financial advisors for seniors, and government officials should set strict standards for training and conduct to prevent abuses, according to a new federal report....Tags: Consumers, U.S. Consumer Financial Protection Bureau, Financial and Business Services, Personal Finance, Richard Cordray
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SEC is investigating Michael Milken, magazine says
This post has been updated. See below for details.Federal regulators are investigating whether onetime junk-bond czar Michael Milken violated his lifetime ban from the securities industry, according to a published report. Milken is allowed to manage his own wealth but is barred from running money for...Tags: Securities
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Rosenthal: Andrew Mason's firing may not be a bad deal for Groupon
"Our main focus is trying to figure out how this model evolves and not consistently falling on our face in the public," Groupon Executive Chairman Eric Lefkofsky reportedly told a Northbrook Chamber of Commerce audience early last April after yet...
Tags: Financing and Stock Offerings, Marketing, Eric Lefkofsky, Groupon, Inc., Initial Public Offerings
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Herbalife gives Icahn two seats on board, shares increase
Herbalife Ltd. announced an agreement with billionaire investor Carl Icahn, who owns more than 13% of Herbalife's stock, that will allow him to add two members to its board and give him the right to increase his holdings to one-quarter of the company&...
Tags: Herbalife Limited, Carl Icahn, Mutual Funds
Apr 29, 2013
|Story| Los Angeles Times
Apr 27, 2013
|Story| Daily Press
Apr 26, 2013
|Story| Los Angeles Times
Apr 26, 2013
|Story| Los Angeles Times
Apr 26, 2013
|Story| Hampton Roads Daily Press
Apr 9, 2013
|Story| Los Angeles Times
Apr 22, 2013
|Story| Los Angeles Times
Apr 23, 2013
|Story| Los Angeles Times
Apr 19, 2013
|Story| Los Angeles Times
Feb 27, 2013
|Story| Los Angeles Times
Mar 1, 2013
|Column| Chicago Tribune
Feb 28, 2013
|Story| Los Angeles Times
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