Man Convicted Under Antispam Law
Date: 17 January 2007
By Bloomberg News
Bloomberg News
A California man who defrauded users of AOL by sending e-mail messages requesting credit data became the first defendant found guilty by a jury under a 2003 federal law barring Internet ”spam.”
Full Article
Mellon Financial Reports 14% Higher Profit
Date: 18 January 2007
By Bloomberg News
Bloomberg News
Mellon Financial said earnings roseon an increase in fees for overseeing hedge funds and mutual funds.
Full Article
A Fed Adviser Plans to Leave
Date: 18 January 2007
By Bloomberg News
Bloomberg News
Vincent Reinhart, a top adviser on interest rates, is planning to leave the central bank.
Full Article
Cost of Fuel Skews Earnings at Airlines
Date: 18 January 2007
By Bloomberg News
Bloomberg News
AMR, parent of American Airlines, earned a surprise fourth-quarter profit while Southwest Airlines said that net income fell.
Full Article
Ex-Fund Trader Sentenced to Probation
Date: 17 January 2007
By Bloomberg News
Bloomberg News
A former Millennium Partners mutual fund trader who pleaded guilty to improper trading in 2003 avoided a prison term after cooperating with a New York State investigation of the mutual fund industry.
Full Article
G.M. Discloses Talks for Deal in Malaysia
Date: 17 January 2007
By Bloomberg News
Bloomberg News
The General Motors Corporation has been in talks with Proton Holdings, the Malaysian carmaker that is looking to sell a stake.
Full Article
Goldmans Sachs Agrees to Acquire Insurance Brokerage Firm
Date: 17 January 2007
By Bloomberg News
Bloomberg News
The Goldman Sachs Group’s buyout unit has agreed to acquire the insurance brokerage firm USI Holdings for about $1.4 billion including debt.
Full Article
Icahn Takes Aim at Drug and Housing Companies
Date: 17 January 2007
By Bloomberg News
Bloomberg News
The billionaire investor Carl C. Icahn has built up stakes in two companies, according to regulatory filings yesterday, because he believes the shares are undervalued.
Full Article
Curb Sought on Fannie Mae Regulator
Date: 18 January 2007
By Bloomberg News
Bloomberg News
Fannie Mae’s former chief executive is seeking to bar the company’s regulator from ruling on a lawsuit seeking more than $84 million in penalties against him.
Full Article
New Jersey Court Revives a Merck Suit
Date: 18 January 2007
By Bloomberg News
Bloomberg News
A lawsuit against Merck sought medical monitoring for former users of the painkiller Vioxx.
Full Article