investors – News Stories About investors - Page 7

May 31, 2007 12:58 PM CDT

Wachovia Nabs A.G. Edwards

Deal takes aim at small investors, creates country's No. 2 retail brokerage

(Newser) - Wachovia will buy A.G. Edwards for $6.8 billion, forming the nation's number two retail brokerage. Wachovia's $89.50 per share offer for the historic Midwest brokerage—it survived the crash of '29—helps the bank further expand its growing securities arm. The combined company will manage over $1...

Cantor Cuts Ties to eSpeed, BGC

May 30, 2007 11:41 AM CDT

Cantor Cuts Ties to eSpeed, BGC

Bond trading firm moves to settle conflict-of-interest complaints of investors

(Newser) - Cantor Fitzgerald, following conflict-of-interest complaints from investors, is planning to distance itself from the brokerage and online trading firms it controls. The deal will create a new company, a merger of eSpeed and BGC Partners.

Kerkorian Bets on Bellagio

May 22, 2007 2:54 PM CDT

Kerkorian Bets on Bellagio

Billionaire who controls MGM Mirage makes bid for its two hottest assetsi

(Newser) - Activist investor Kirk Kerkorian, who holds a controlling interest in MGM Mirage, is making a play to buy two of the casino company's crown jewels. Kerkorian's company, Tracinda Corp., is in talks to acquire MGM's Bellagio Casino and the $7.4 billion CityCenter development, currently under construction. Kerkorian currently owns...

Tyco Ponies Up Record $3B
in Shareholder Settlement

May 15, 2007 3:42 PM CDT

Tyco Ponies Up Record $3B in Shareholder Settlement

(Newser) - After years of legal wrangling, Tyco will pay a record $2.975 billion to shareholders who say the company used faulty accounting practices to defraud them. The settlement by Tyco, which became a poster child for executive excess in the wake of the Enron scandal, represents the largest amount ever...

Hitler Youth HQ to Become Posh Club

Apr 24, 2007 3:27 PM CDT

Hitler Youth HQ to Become Posh Club

British investor will remodel and reopen long-fallow building

(Newser) - An idling behemoth in Berlin that has housed both the Hitler Youth and the East German Communist Party will soon become a swanky media club, complete with a 42-seat theater, a swimming pool and upscale bars. A secretive British investor recently bought the Bauhaus landmark, and hopes to open a...