The New York- based company said it was cooperating with the request in the May 6 subpoena. A spokeswoman for the U.S. Attorney's Office in New York also declined to comment. Attorney for the Southern District of New York, was noted briefly in the company's annual 10- k filing with the Securities and Exchange Commission.» Read More
The New York- based company said it was cooperating with the request in the May 6 subpoena. A spokeswoman for the U.S. Attorney's Office in New York also declined to comment. Attorney for the Southern District of New York, was noted briefly in the company's annual 10- k filing with the Securities and Exchange Commission.
*Group may offer between $25 mln and $30 mln for loan. DETROIT/ BEIJING, May 24- Henrik Fisker is working with an investor group to salvage Fisker Automotive, the "green" car company he co-founded nearly six years ago that is now struggling to stave off bankruptcy, people familiar with the matter said this week.
NEW YORK-- Think of Sears like a Jenga game, an analyst said Friday, with a few too many blocks pulled out and the entire structure on the brink of collapse. The analogy came after Sears Holding Cos., which operates Sears and Kmart stores, reported a bigger-than-expected loss for its first quarter on slumping sales.
BERLIN- German business sentiment rises far more than expected in May, rebounding after two consecutive falls and suggesting Europe's largest economy is picking up steam after posting anaemic growth in the first quarter. ( GERMANY- ECONOMY/, expect by 0930 GMT/ 5.30 AM ET, by Sarah Marsh, 600 words).
NEW YORK-- Shares of Forest Laboratories Inc. rose to a year high Thursday after the drugmaker said Howard Solomon, its CEO for 36 years, will retire at the end of 2013..
NEW YORK, May 23- Lawyers for SAC Capital Advisors called a meeting with U.S. prosecutors and FBI agents in April to argue that there should be no insider trading charges filed against the $15 billion hedge fund or its founder, Steven A. Cohen, according to sources familiar with the matter. A lawyer for SAC Capital did not respond to a request for comment.
NEW YORK-- Forest Laboratories Inc. said Thursday that longtime executive Howard Solomon will retire as president and CEO at the end of 2013..
MOSCOW-- Russia's deputy prime minister said Thursday that Rosneft's CEO has assured him the interests of disgruntled minority shareholders in oil firm TNK-BP would be respected. TNK-BP, Russia's third-largest oil company, was taken over by Rosneft last year.
Every parent should discuss financial matters with their children at some point, with CNBC's Robert Frank.
Every spring hundreds of yachts migrate from the Caribbean to the Mediterranean and some of them do it by boat, reports CNBC's Robert Frank. (1:00)
A growing number of companies are offering "yacht shipping" services, where yachts are loaded and carried on giant cargo ships to distant locations.
Survey after survey shows that the wealthy are back to pre-crisis boom years when it comes to their outlook for their own finances, their investments and their retirements. But many of them are still sitting on lots of cash.
*Sony board to assess proposal to spin off entertainment arm. Struggling electronics giant Sony Corp, though, with more foreign and fewer bank shareholders, may prove something of an exception.
*Sony cuts 2014-15 camera sales fcast to 1.3 trln yen from 1.5 trln. Third Point's "proposal is one that affects a core part of Sony's business and the direction of our management, so the Sony board will give it thorough consideration before replying to Mr.
*Sony jumps on report of assessing spin-off proposal. TOKYO, May 22- The Nikkei average climbed 1.6 percent to a fresh 5-1/ 2- year high on Wednesday, spurred on by the Bank of Japan's optimism about the economic outlook, while Sony Corp surged on reports it may consider a proposal to spin off its entertainment assets.
May 22- Foreign banks that once treated Russia as an undiscovered country where easy money could be made are now finding it a cut-throat market tougher than some bargained for.
MOSCOW, May 22- Foreign banks that once treated Russia as virgin land where easy money could be made are now finding it a cut-throat market tougher than some bargained for.
*Nikkei rises 1.2 pct, Topix up 0.7 pct in active trade. *Sony jumps on report of assessing spin-off proposal.
*Sony jumps on report of assessing spin-off proposal. TOKYO, May 22- Japan's Nikkei average climbed to a 5-1/ 2- year high on Wednesday, ahead of the outcome of the Bank of Japan meeting, with Sony Corp surging on reports it is considering evaluating a proposal to spin off entertainment assets.
Struggling electronics giant Sony Corp, though, with more foreign and fewer bank shareholders, may prove something of an exception. That's the hope, at least, of Californian billionaire Daniel Loeb, whose Third Point hedge fund has built up a more than 6 percent stake in Sony, making it the group's biggest stockholder.