December 24, 2003 |
Raymond James Financial Inc. may face action from the Securities and Exchange Commission and the National Assn. of Securities Dealers for allegedly failing to provide promised mutual fund discounts to clients. The St. Petersburg, Fla.-based brokerage said in a regulatory filing that it might have to pay a penalty of $6.5 million and that the money owed to customers totaled $6.9 million.
October 1, 2004 |
The Securities and Exchange Commission on Thursday sued Florida-based brokerage Raymond James Financial Inc. and its former president for failing to police a broker accused of stealing from investors. The SEC accused the company, which has 2,200 offices, of fraud over an alleged scam by Dennis Herula, 56, a former broker in Rhode Island. Herula, awaiting trial on criminal charges, solicited $44.
November 22, 1996 |
Sensormatic Electronics Corp. agreed to supply Troy, Mich.-based Kmart Corp. with anti-theft tagging devices in an accord that will double Sensormatic's business with the retailer. The Boca Raton, Fla.-based company will supply 1,019 Kmart stores with the company's UltraMax electronic surveillance systems. In return, Kmart, the nation's third-largest retailer, will purchase labels and tags used with the system.
May 13, 1999 |
The threat of inflation has become a virtual nonissue for most Americans as prices for goods ranging from clothes to cars have largely remained in check. Additional confirmation of this phenomenon should come today when the Labor Department reports the producer price index for April and again Friday when it reports the consumer price index. The PPI probably increased by 0.5% and the CPI 0.4%, according to a Bloomberg News survey. Analysts say the increases stem from rising crude oil prices.
April 18, 1991 |
General Cinema Corp. signaled Wednesday that a proposed merger with Harcourt Brace Jovanovich Inc. was in trouble as talks broke off with Harcourt bondholders who hold a key to the $1.4-billion deal. The offer is now set to expire 5 p.m. today, and General Cinema said it "may terminate the merger agreement" if the offer expires without the necessary purchase of securities. The news was not good for Harcourt, an Orlando, Fla.