Sequiam expects to file suit against its lender within a week, according to Shuker. In its bankruptcy filing, Sequiam said Biometric Investors “has engaged in a series of tortious acts designed to transfer Sequiam’s assets to its competitor.” Officials for Biometric Investors could not be reached for comment. [...]
A number of shareholder suits are expected to continue, possibly for years, but effective control passing to JPMorgan is all but assured. The New York-based investment bank, formerly a rival to Bear with some overlapping areas of business, is using New York Stock Exchange rules that allow it to purchase up to 40 percent of [...]
“We’ll look to restructure mortgages, and as soon as the loans are reperforming, and if there’s the capability and the market liquidity, we’ll look to sell,” Kurland told The Associated Press. “Other properties that may take longer, we’re prepared to hold five to seven years.”Backed by prominent investment management firms BlackRock Inc. and Highfields Capital [...]
As economists and Wall Street types grope for historical perspective — which is another way of saying a road map out of this mess — Americans are nervously wondering about retirement savings, interest rates, jobs that had seemed safe.They are surveying the economic landscape and asking: Just how bad is it?They are peering over the [...]
Boards of Directors The Association of Fundraising Professionals, Central Florida Chapter, has appointed Eric L. Welch, Prevent Blindness Florida, as president for 2008; Gary Brewer, Central Florida Council of the Boys Scouts of America, as president-elect; and Michael Slaymaker, La Amistad Foundation, as secretary/treasurer. Cynthia Blackwell, AOK [...]
Finite resources such as oil, metals and even fresh water will become scarcer and more expensive, she said. “If businesses do not become more efficient in their use of these resources, costs can mount and ultimately impact the bottom line,” Jankowska said. “This goes beyond just wanting to do good. [...]
Twohig is not alone. For decades, many others have bought Central Florida swampland from a variety of sellers, not all of them honest.
Lake County maps show Twohig’s property sandwiched among hundreds of similar 1- and 2-acre parcels, like a checkerboard for miles around State Road 33 and County Road 474. Some are zoned one home [...]
By George Chen
SHANGHAI (Reuters) - CITIC Securities (600030.SS: Quote, Profile, Research) said on Saturday it might not proceed with a deal to invest about $1 billion in Bear Stearns (BSC.N: Quote, Profile, Research) because of the U.S. investment bank’s financial crisis.
China’s largest listed brokerage said it would “conduct an overall evaluation” [...]
By James Vicini
WASHINGTON (Reuters) - President George W. Bush plans to meet on Monday with top U.S. financial policymakers, the White House said, at a time of increased strains in credit markets and fears of a recession.
The White House said on Saturday Bush will meet members of the President’s Working Group [...]
(Recasts; adds details throughout)
By Aiko Hayashi
TOKYO, March 19 (Reuters) - Japan’s Nikkei share average rose
2.5 percent on Wednesday as investors snapped up exporters such
as Toyota Motor Corp (7203.T: Quote, Profile, Research) after a big interest rate cut in
the U.S. helped ease concerns over demand in a key market [...]
