The SEC has sued two Texas billionaire brothers known for their support of conservatives, claiming they misled investors to the tune of hundreds of millions of dollars. » E-Mail This » Add to Del.icio.us
Also tagged del-icio-us, for-their, has-sued, misled-investors, npr, sec, texas, the-tuneSam and Charles Wyly, Dallas billionaire investors known for their support of conservative candidates and causes, made $550 million in undisclosed profits through 13 years of insider trading, according to a Securities and Exchange Commission lawsuit. The SEC said the Wylys traded shares in companies on whose boards they served and “defrauded the investing public.” » E-Mail This » Add to Del.icio.us
Also tagged 550-million, charles, defrauded-the, exchange, for-their, img-alt, investing, investors-known, profits-through, said-the, said-the-wylys, traded-sharesFor years, officials in Chicago, with the support of labor and community groups, have been fighting with Wal-Mart — only allowing one of the giant retailer’s stores inside the city’s borders. Wal-Mart now is offering to pay potential Chicago employees a higher minimum wage to break the stalemate. A proposal to build several dozen Chicago stores has the backing of Mayor Richard Daley. » E-Mail This » Add to Del.icio.us
Also tagged backing, build-several, fighting-with, giant, higher-minimum, inside-the-city, mayor, mayor-richard, minimum, only-allowing, pay-potential, stores-hasWashington Post GM Sets Up for Bankruptcy With Bondholder Deal New York Times By NICK BUNKLEY and MICHAEL J. de la MERCED A majority of General Motors' bondholders agreed to exchange their debt in exchange for an ownership stake as high as 25 percent in GM, the final obstacle to an orderly bankruptcy for the ailing carmaker
Also tagged ailing, bankruptcy, bondholder, bondholders, brink, center-valign, debt, general-motors, ownership-stake, street, street-journal, top storiesBoston Globe Meet the new, government-owned GM CNNMoney.com Bankruptcy will force lots of changes on the automaker, putting bureaucrats in the driver's seat. By Alex Taylor III, senior editor GM, Ford, and Chrysler, the former Big 3 now dwindled to the Detroit 3, have gone in such different directions they ..
Also tagged ailing, automaker, bondholder, bondholders, boston-globe, business, center-valign, chrysler, driver, now-dwindled, street-journal, the-automaker, top stories