Tag Archives: luxembourg
American firms covet TransAlta
TheChronicleHerald.ca- Two U.S. private equity firms are offering about $7.8 billion — or $39 a share in cash — for Alberta-based utility TransAlta Corp., which had been under pressure by a major investor to boost its stock price. LS Power […]
Firms hurry to comply with SEC subpoenas
Boston Globe- Dozens of hedge funds and broker-dealers are scrambling to send reams of e-mails and trading records to regulators probing suspected stock price manipulation, several sources at hedge funds said. The Securities and Exchange Commission recently sent subpoenas to […]
Coca-Cola agrees to $137.5 mln settlement in case
Reuters- Coca-Cola Co (KO.N) agreed to pay $137.5 million to settle a shareholder lawsuit that claimed the world’s largest soft drink maker artificially inflated sales to boost its stock price, according to court documents. The lawsuit, filed in October 2000, […]
Hedge Fund Eyes Trimming Hardee
New York Post- New York hedge fund Ramius took a bite out of CKE Restaurants Inc. – the owner of burger joints Hardee’s and Carl’s Jr. – with a scathing letter sent to CEO Andrew Puzder. Blasting him for the […]
UBS $100 Billion Wager Prompted $24 Billion Loss in Nine Months
Bloomberg – The annual shareholders meeting of UBS AG used to be a time for Chairman Marcel Ospel to gloat over his accomplishments. Shareholders would praise Ospel for turning a slow-growing, insular Swiss bank into a global financial powerhouse, with […]
