September 7, 1989 |
Majority stakes in three foreign securities affiliates of Security Pacific Corp. may be sold to their managements, the Los Angeles bank holding company said Wednesday. Security Pacific Corp., parent of Security Pacific National Bank, said the plan is under consideration in part because the company believes that giving senior management of the securities firms greater control over operations would make the entities more effective.
January 29, 1985
Citing a scheme to sell "unauthorized and probably counterfeit" U.S. securities, a federal judge in New York issued an order temporarily enjoining Arno Arndt and Investment & Trust A.G. of Switzerland from further violation of U.S. securities laws. U.S. District Court Judge Shirley Kram said the SEC had produced "uncontroverted evidence" that Arndt and his firm "have committed a wide array of violations."
April 21, 2001 |
Fidelity National Financial Inc., which operates the nation's largest title insurance company, said Friday its registration statement to sell $500 million in debt and equity securities was declared effective. But the Irvine firm said it has no plans yet to sell the securities, which will remain on the shelf until needed. Fidelity, which has about 78.
November 8, 1989 |
The Treasury Department postponed a planned auction Tuesday of $40 billion in government securities because Congress had not yet raised the national debt ceiling. The failure to raise the debt ceiling caused concern among owners of Treasury bills and other government securities.
October 23, 2001 |
Motorola Inc. said it plans to raise as much as $1.4 billion from two securities offerings, and use the proceeds to cut short-term debt and for general corporate purposes. The Schaumburg, Ill.-based company, whose debt was downgraded last week, is cutting 26% of its employees this year amid a global slump in demand for telecommunications equipment and expects to post its first full-year operating loss in at least 45 years.
May 4, 2006 |
The Securities and Exchange Commission will reduce by $1 billion the fees it levies on securities transactions, a move that will benefit ordinary investors, the head of the agency told Congress on Wednesday.
June 21, 1996 |
Southern California mortgage companies still see the effects of the state's long recession on home loans, especially on so-called "subprime" loans to borrowers who don't qualify for conventional mortgages. Duff & Phelps Credit Rating Co., blaming the earlier soured housing market, recently downgraded securities backed by mortgage pools put together by Long Beach Mortgage Co. in Orange and Quality Mortgage Co. in Irvine.
December 4, 1987 |
Wall Street's real power brokers all stayed home. Attendance was down 14%. And opening the brokerage industry's 16th annual convention was a film clip of Ann Miller tap dancing her way through the hit song from the vintage movie "Easter Parade," "Shakin' Your Blues Away." Black Monday has even taken its toll on the securities industry's yearly four-day boondoggle in this Florida resort town.
March 16, 2000 |
Shares of security software makers fell, led by Check Point Software Technologies Ltd. (CHKP), on concern that the stocks have risen too high too quickly. Check Point, which makes software that guards computer networks against hackers, tumbled $38.19, or 15%, to $208.69--its biggest decline since April 5. VeriSign Inc. (VRSN), a maker of software used to issue computerized IDs, slid $22.88 to $194.75, while rival Entrust Technologies Inc. (ENTU) fell $13.38 to $99.13.
September 21, 1999 |
Enticed by the 1990s bull stock market, Austin Dunn has tried to get rich fast by trading volatile technology and Internet stocks. To build his $93,000 portfolio that includes such companies as Amazon.com, Yahoo and Microsoft, he has upped the ante by borrowing more than $20,000 on margin from his Charles Schwab brokerage accounts. His wife, Katherine, is concerned because Austin, 49 and a part-owner of a machine tool repair firm, doesn't have a penny in a qualified retirement plan.