July 30, 1988 |
A stock trading scandal involving a column in Business Week magazine widened Friday as a broker in the Anaheim office of Prudential-Bache Securities was fired and brokers from two other firms were implicated. Brian J. Callahan, 28, a 3 1/2-year employee at Prudential-Bache who also wrote a personal investing summary in the Orange County Register, was fired after allegations that he received advance information of tips that would appear in the magazine's "Inside Wall Street" column.
July 31, 2001 |
Irvine lender New Century Financial Corp. said Monday it plans to sell 3 million shares of common stock in a secondary offering. The company will offer 2.7 million shares, and certain shareholders will offer the rest. New Century said it would use its net proceeds for general corporate purposes. The underwriters will be granted a 30-day option to buy up to 450,000 additional shares from the company. The acting lead manager of the offering will be Friedman Billings Ramsey & Co. Inc.
September 1, 1992 |
Bank of Boston to Acquire Connecticut Bank: Bank of Boston announced plans to buy Hartford-based Society for Savings Bancorp. Inc. for $200 million. Bank of Boston, with assets of $31 billion, proposes to exchange 0.8 shares of its common stock for each share of Society for Savings stock. At current prices, the deal would be worth about $193.9 million. Bank of Boston's stock fell $1.25 to close at $20.375 a share on the NYSE, while Society for Savings gained $2.625 at $15.
July 26, 1991 |
Trump Threatens to Sue Critical Brokerage: Donald Trump has again threatened legal action against a brokerage house over criticism of his casinos' financial affairs, according to sources close to the situation. Trump's latest salvo was against Advest Group Inc., warning of legal action if one of its brokers "interferes" with a debt restructuring on the Trump Castle casino in Atlantic City, N.J.