`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...
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Martha Stewart guilty
Martha Stewart, who built a media and consumer goods empire that brought gracious living into everyday Americans' homes, faces prison after her conviction Friday on four felony counts related to...
Biggest all-cash merger for U.S.
Cash, they say, is king. Nowhere was that more evident than in Cingular Wireless' announcement Tuesday that it would pay $41 billion in cash for AT&T Wireless, which would easily...
Profit slowdown may not hurt investors
After a long, difficult stretch, profits at the nation's largest companies roared back in the second half of last year, posting sizable gains that helped fuel the sharp rally in...
WorldCom fine: $500 million
Bankrupt WorldCom Inc. has agreed to pay a record $500 million fine for the largest accounting fraud in U.S. history, lawyers for the company and the government announced Monday. WorldCom...
Journal Communications announces stock offering
The company that owns the Milwaukee Journal Sentinel, one of the nation's last independent metro dailies, stepped to the brink of a new era Wednesday by announcing it would sell...
Options no guarantee of success
In a recent speech to corporate directors in Chicago, former Federal Reserve Chairman Paul Volcker asked: "How did we get compensation to the truly grotesque levels to which I think...
Cashing in coming and going
Last year, Timothy Callahan got it coming and going. In April, he resigned as chief executive of Chicago-based Equity Office Properties Trust, receiving "separation pay" of $1.65 million, roughly equal...
Investors spread faith-based word
Sister Patricia Wolf remembers the embryonic days of faith-based shareholder activism. "In the 1970s and '80s, when the movement was about 10 years old, our approach was to file a...
Winners scarce among big area firms
Chicago-area stocks have not gotten off to a particularly good start in 2003. As market benchmarks look to break the first three-year losing streak since World War II, the biggest...