Title insurance kickbacks probed
State regulators across the country are conducting a widening investigation into what they call a kickback scheme under which developers and lenders steer title insurance business to certain companies. The...
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Time Warner to pay $510 million to settle federal probes
In one of the largest corporate penalties ever, Time Warner Inc. said Wednesday that it is agreeing to settle two cases with the federal government for $510 million, hoping to...
Sears execs cash in on deal
When Kmart Holding Corp. announced plans to buy his company last month, Sears, Roebuck and Co. Chief Executive Alan Lacy told employees that the deal is "one of the great...
Behind Kmart stock swings
On Wednesday, shares of Kmart Holding Corp. jumped 7.7 percent on news of its purchase of Sears, Roebuck and Co. On Thursday, Kmart was still buying Sears under the same...
Lacy to get 50% raise, more shares
Alan Lacy's company is being bought, but he's getting a good job and a nice raise. In a regulatory filing Thursday evening, Sears, Roebuck and Co., said Lacy, its chairman...
Economy trudges along, nursing solid case of blahs
Much of the U.S. business world, it seems, is in a bit of a funk. Suffering from a good old-fashioned case of the blahs. Consumers are wary, careful with their...
NEW YORK STOCK EXCHANGE
The New York Stock Exchange has established new triggers for trading halts during the third quarter. Circuit breakers, which stop trading, occur based on 10-, 20- and 30-percent drops in...
Hedge fund move sets stage for Bally battle
An activist hedge fund has acquired a significant stake in Bally Total Fitness Holding Corp. and is pushing for dramatic changes at the fitness center operator, including a possible sale...
Dicey duty: Judging one’s bosses
Increasingly, people are being asked to pass judgment on their bosses. As part of a recent $675 million deal to settle allegations of inappropriate mutual fund trading, the Securities and...
‘No one is immune’
Martha Stewart's criminal conviction sends the message that the government will zealously pursue those it suspects of insider trading, even when the parties involved are deep-pocketed, powerful and well-connected, legal...