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BUSINESS
December 19, 2008 | TIMES WIRE REPORTS
Enron Corp. investors today will begin receiving their share of $7.2 billion recovered in settlements with the failed energy trader's lenders, auditors and directors. The University of California, the lead plaintiff in the case, will initially start distributing nearly $5 billion to about 200,000 investors. Eligible buyers of Enron's common stock will receive about 20% of their allowed losses.
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BUSINESS
October 17, 2007 | From Times Wire Services
Financial advisors and wealthy investors believe corporate boards act in the best interests of executives rather than shareholders, according to a survey released Tuesday. Most of those surveyed last month by FTI Consulting Inc. also said they believed that corporate governance practices had improved since the passage of the post-Enron Sarbanes-Oxley corporate reform law in 2002.
BUSINESS
September 28, 2009 | Associated Press
Investors are just not sure where the economy is headed, so the stock market may be in limbo for a while. After stocks stumbled last week on disappointing reports on housing and manufacturing, investors are concerned that the economy's rebound will be slower than originally thought. They may cool their buying and even resort to more selling until they are more certain that the strength of the recovery warrants extending the nearly seven-month-long advance in stocks. "The significant advance that the market has had . . . has left some people with an itchy trigger finger," said Jim McDonald, chief investment strategist at Northern Trust Corp.
BUSINESS
February 6, 2008 | From Times Wire Services
The Securities and Exchange Commission has formed an office to quickly distribute financial penalties to wronged investors after government watchdogs said the agency wasn't returning the money quickly enough. The SEC's Office of Collections and Distributions will pay out more than $5 billion the regulator has recovered from securities law violators, the agency said Tuesday. Since gaining the authority under the Sarbanes-Oxley law to distribute financial penalties, the commission has given more than $3.5 billion to investors.
BUSINESS
December 10, 1997 | (Reuters)
Internet start-up Elemental Software Inc. has raised $8 million from a group of investors, including Microsoft Corp., which took a "significant" but undisclosed stake in the Carlsbad-based company. Elemental's flagship Drumbeat software allows business professionals to create sophisticated Internet Web pages without programming knowledge, President Peter Hirshberg said. Other investors included Japan's CSK Corp.
BUSINESS
March 12, 2008 | From the Associated Press
Charter Communications Inc. announced Tuesday, just as the firm's chief financial officer announced his resignation, that outside parties have asked about investing in the company. Potential investors approached controlling shareholder Paul Allen, the cable and telephone service provider said in a U.S. Securities and Exchange Commission filing. Allen, who co-founded Microsoft Corp., gave the investors information about Charter that has not been publicly released, according to the filing, which didn't indicate how much the parties might invest.
BUSINESS
December 9, 2001
"Club Sticks Together Through Thick, Thin" [Money Make-Over, Nov. 27] is a perfect example of what happened to many novice investors over the last couple of years. Seduced by the record-breaking bull market and insufficient knowledge of the true risks, individuals participated like never before in history, only to now be confronted with what may be a once-in-a-generation bear. Having taught a series of investment classes for the Monrovia Adult School for a few years now, I have come to the conclusion that the vast majority of individual investors are ill prepared for the complexities of investing.
BUSINESS
November 28, 2009 | By Gail MarksJarvis
Money doesn't show up in the Norman Rockwell scenes around the Thanksgiving table. But after the stunning stock market losses people were suffering at this time last year, the big gains the market has bestowed since then were bound to come up on some lists of reasons to be thankful this year. Since last Thanksgiving, the stock market has climbed 25%. Yet for those who closely watch the fate of the money they put into 401(k) accounts and IRAs, the gains of the last 12 months could fail to provide much solace.
BUSINESS
May 13, 1992 | From Reuters
While arbitration of customer complaints against Wall Street firms has surged, the system lacks the controls needed to ensure that investors get a fair shake, a congressional study released Tuesday said. The General Accounting Office, an investigative arm of Congress, also found a tendency among securities arbitrators to "split the baby" and award only a portion of the damages claimed by investors.
BUSINESS
September 18, 2002 | James Bates
A group of dissident Walt Disney Co. investors said they will recommend corporate governance changes to directors of the Burbank entertainment giant, but declined to specify what the proposals would be. Providence Capital said it had organized a meeting at its New York offices of 36 institutional shareholders holding from 10% to 15% of the company's shares, but declined to name any of them.
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