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Business News.(A)(Business News)
Ex-Cendant officials face charges
over 'massive' accounting fraud
Former Cendant Chairman Walter Forbes and Vice Chairman Kirk Shelton were accused of criminal fraud and face civil SEC charges. Forbes and Shelton, who both resigned from Cendant in 1998, were the two top executives at CUC International before it merged with HFS in 1997 to create Cendant, a hotel, carrental and real estate franchising firm. To boost CUC's stock price, they infla
ted quarterly and annual operating income and earnings, the SEC said in its civil suit filed in federal court.
Citibank, others named in probe
of money laundering investigation
Senate investigators faulted several major U.S. banks for failing to pay enoughattention to accounts they held for foreign counterparts allegedly linked to money laundering and other crimes. The investigators named Citibank, Bank of America, Chase Manhattan and Bank of New York. It said the four were too quick to open accounts for shadowy offshore banks, too lax in monitoring them and tooslow to close them down.
- NASD fines former Merrill Lynch analyst.(Business News)
- News wire article from: UPI NewsTrack May 25, 2004 700+ words
...watchdogs said Tuesday they fined a former managing director at Merrill Lynch, $225,000 and suspended him from the industry for one...coverage of Honeywell International Inc. Young was the senior Merrill Lynch analyst providing research coverage of Tyco and Honeywell...
- Ex-Brokers Picket at Fort Worth, Texas, Merrill Lynch Offices.(Knight...
- Newspaper article from: Knight Ridder/Tribune Business News Fest, Glen July 14, 2000 700+ words
...claimants allege that Merrill Lynch's settlement offers...and are far too low. Merrill Lynch spokesman Bill Halldin...independent mediators. Former Merrill Lynch broker Sandi Arnold of...Knight Ridder/Tribune Business News.
- NYSE fines Merrill Lynch $625,000.(Business News)
- News wire article from: UPI NewsTrack May 13, 2004 700+ words
NEW YORK, May 13 (UPI) -- Merrill Lynch was fined $625,00 Thursday by the...with nine other brokerage houses, Merrill Lynch reached a $1.4 billion settlement...firm policies when they happened," Merrill Lynch stated as it agreed to pay the fine...
- Merrill Lynch buys unit of Entergy.(Business News)
- News wire article from: UPI NewsTrack September 2, 2004 700+ words
NEW YORK, Sept. 2 (UPI) -- Merrill Lynch & Co. of New York Thursday acquired...of Entergy Corp. of New Orleans. Merrill Lynch said Entergy-Koch LP will retain...electricity and weather-related contracts. Merrill Lynch anticipates making future investments...
- Merrill Lynch in talks with China broker.(Business News)
- News wire article from: UPI NewsTrack December 29, 2004 700+ words
...Securities said Wednesday it is in talks with New York's Merrill Lynch to set up an investment banking venture. Major U...are stepping up efforts to do business in China and Merrill Lynch said it was discussing the possibility with Huaan...
- Merrill is bullish on institutional; Speculation of sale aside, firm gets $7.6...
- Magazine article from: Pensions & Investments Bruno, Mark October 3, 2005 700+ words
...head of its institutional business, Merrill Lynch Investment Managers executives contend...Not many leaders of giant firms - Merrill Lynch Investment Managers has $478 billion...consultants have asked him about parent Merrill Lynch & Co., New York, and how dedicated...
- Merrill Lynch: Fuel costs to hit airlines.(Business News)
- News wire article from: UPI NewsTrack March 18, 2005 700+ words
NEW YORK, March 18 (UPI) -- U.S. investment firm Merrill Lynch predicted Friday that airlines will see $5 billion in losses this year, CBSMarketwatch.com reports. Merrill estimated for...
- Merrill Lynch gets OK to invest in China.(Business News)
- News wire article from: UPI NewsTrack May 11, 2004 700+ words
BEIJING, May 11 (UPI) -- China has given Merrill Lynch permission to invest in its stock markets, the Financial Times reported Tuesday. The big U.S. broker declined to say how much...
- Merrill Lynch Quarterly Profits Gives Stock a Boost.(Knight Ridder/Tribune...
- Newspaper article from: Knight Ridder/Tribune Business News Faizy, Monique El- January 25, 2000 700+ words
Jan. 26--Wall Street leader Merrill Lynch reported record quarterly profits yesterday -- more than double those of a year ago...2000, The Star-Ledger, Newark, N.J. Distributed by Knight Ridder/Tribune Business News.
- Merrill Lynch to Invest in California Minority Economic Development...
- Newspaper article from: Knight Ridder/Tribune Business News Norman, Jan May 11, 2000 700+ words
...community outreach. Merrill Lynch has provided aid through...executive in charge of Merrill Lynch's California Partnership...business sixfold." Merrill Lynch officials have said the...Knight Ridder/Tribune Business News.