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Monthly Archive June, 2008

Sentences cut for Rigas and son

June 28, 2008

A father and son who built Adelphia Communications into a cable television powerhouse before they were accused of ruining it have been resentenced to […]

management - Comments closed

Countrywide sued for unfair lending; buyout approved

June 27, 2008

Countrywide Financial Corp (CFC.N: Quote, Profile, Research, Stock Buzz), widely blamed for helping foment the U.S. housing crisis through free-wheeling lending, was sued for […]

management - Comments closed

Kodak sets $1 billion stock buyback, stock jumps

June 25, 2008

Eastman Kodak Co (EK.N: Quote, Profile, Research, Stock Buzz) said on Tuesday it would buy back up to $1 billion of its stock, driving […]

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Capital-raising troubles drive broker asset sales

June 19, 2008

Capital-raising pressures are likely to drive investment banks to sell assets ranging from repackaged mortgages to stakeholdings in other companies as an alternative to […]

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Loss-plagued Lehman Bros. dumps two from top jobs

June 14, 2008

NEW YORK–Lehman Brothers Holdings Inc. shook up its management yesterday, removing two top executives in a concession that attempts to quell Wall Street anger […]

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U.S. Senate debates windfall profits tax on oil

June 11, 2008

WASHINGTON–With gasoline prices topping $4 a gallon, Senate Democrats want the government to grab some of the billions of dollars in profits being taken […]

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Bankruptcies rose steeply in April

June 6, 2008

Personal bankruptcies in Canada rose to their highest level in more than four years in April, newly released statistics show, as a battered manufacturing sector […]

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No deal yet for Kyrgyz mine site

June 4, 2008

Gold is still being dug out of the ground at the Kumtor mine in Central Asia but its operator, Toronto’s Centerra Gold Inc. is […]

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