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BUSINESS
August 15, 2003 | From Bloomberg News
Lehman Bros. Holdings Inc., the fourth-biggest securities firm, and SG Cowen Securities Corp. have agreed to pay $7.5 million to settle regulators' allegations they failed to supervise a former broker in Ohio who stole more than $115 million from his clients. The Securities and Exchange Commission and the New York Stock Exchange announced the settlement Thursday.
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BUSINESS
October 5, 2004 | From Bloomberg News
SG Cowen & Co. and 17 other brokerages agreed to pay about $1.2 million to settle allegations that they failed to report orders, the industry's self-regulatory group said Monday. New York-based SG Cowen, a unit of France's Societe Generale bank, will pay $800,000 to settle claims that it failed to report about 50 million orders to the NASD's auditing system over four years. The other firms will pay about $400,000 for similar violations, said the NASD, formerly known as the National Assn.
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BUSINESS
October 5, 2004 | From Bloomberg News
SG Cowen & Co. and 17 other brokerages agreed to pay about $1.2 million to settle allegations that they failed to report orders, the industry's self-regulatory group said Monday. New York-based SG Cowen, a unit of France's Societe Generale bank, will pay $800,000 to settle claims that it failed to report about 50 million orders to the NASD's auditing system over four years. The other firms will pay about $400,000 for similar violations, said the NASD, formerly known as the National Assn.
BUSINESS
August 15, 2003 | From Bloomberg News
Lehman Bros. Holdings Inc., the fourth-biggest securities firm, and SG Cowen Securities Corp. have agreed to pay $7.5 million to settle regulators' allegations they failed to supervise a former broker in Ohio who stole more than $115 million from his clients. The Securities and Exchange Commission and the New York Stock Exchange announced the settlement Thursday.
BUSINESS
January 16, 2004 | From Bloomberg News
Chiron Corp. said Thursday that it would start testing an experimental HIV vaccine on people. The two-year study will involve about 168 uninfected individuals in the United States to assess whether the vaccine is safe and bolsters the immune system, the company said. Chiron is working with the HIV Vaccine Trials Network, a research effort supported by the National Institutes of Health. Scientists have been trying to develop an HIV vaccine since the 1980s.
BUSINESS
February 4, 2004 | From Bloomberg News
PanAmSat Corp., the largest U.S. commercial satellite operator, said it would transmit programming for News Corp.'s Fox TV networks, raising speculation that News Corp. would sell its controlling stake in PanAmSat. News Corp. last year bought a 34% stake in PanAmSat's parent company, El Segundo-based Hughes Electronics Corp., which owns 81% of Wilton, Conn.-based PanAmSat.
BUSINESS
November 7, 2003 | From Bloomberg News
Watson Pharmaceuticals Inc., the world's third-biggest maker of generic drugs, said Thursday that it had received a subpoena from California's attorney general seeking records on the company's pricing for medicines. The company has not yet responded to the subpoena, which was delivered in August, according to a filing with the Securities and Exchange Commission. Attempts to reach a Watson spokesman were not successful.
BUSINESS
February 15, 2001 | Bloomberg News
Institutional investors are complaining that stock trading has grown more difficult since last month, when the penny became the minimum price increment at the New York Stock Exchange. The Big Board's smallest price change went to 1 cent from a sixteenth of a dollar (6.25 cents) Jan. 29.
BUSINESS
August 9, 2003 | Ronald D. White, Times Staff Writer
Tenet Healthcare Corp., beset by several government probes, said Friday that another was underway in Florida, where authorities were investigating the hospital chain for possible Medicaid fraud. The Florida attorney general's office in June subpoenaed records dating to 1992 from the firm's Florida hospitals, Tenet said in a regulatory filing. It said the subpoena sought loan, purchase and sales agreements and records relating to doctors, physician assistants and therapists.
BUSINESS
January 30, 2004 | From Bloomberg News
Gilead Sciences Inc., a biotechnology company that sells drugs for AIDS and other infectious diseases, said profit jumped more than fivefold in the fourth quarter, lifted by sales of its HIV drug Viread and a tax-related gain. Net income rose to $192.6 million, or 85 cents a share, from $35.5 million, or 17 cents, in the quarter a year ago, the Foster City, Calif.-based company said. Sales climbed to $263.5 million from $145 million.
BUSINESS
January 29, 2000 | DEBORA VRANA, TIMES STAFF WRITER
Shares of L90 Inc., the Internet advertising and marketing company, rose nearly 60% in their first day of trading Friday as eager investors dismissed fears of a legal suit pending against the Santa Monica-based firm. Expectations that the firm will benefit from the expanding Web advertising market won out, pushing the share price up $8.56 to close at $23.56 on Nasdaq, giving it a market value of $464 million. L90 (ticker symbol: LNTY), whose clients include Dell Computer Corp. and Sprint Corp.
BUSINESS
September 4, 2003 | Leslie Earnest, Times Staff Writer
Teen retailer Hot Topic Inc. on Wednesday named new presidents of its two divisions, signaling the growing importance of its 2-year-old Torrid chain. The City of Industry-based company also said August sales jumped 31% to $61.5 million.
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