Business
E-Trade gets $1.8b Debt Exchange Offer
E-Trade Financial Corp, an online brokerage house, announced yesterday that it received tender offers worth $1.8 billion for a previously announced…
Category: Business
Business
MA Hedge Fund Manager Imprisoned for Insider Trading
Federal Bureau of Investigation - Boston Field Division announced today that hedge fund manager Michael K.C. Tom, age 40, of Winchester,…
Business
Cisco Pinkslips Nearly 700 Employees
Cisco Systems Inc. announced today that it is laying off up to 700 employees at its Silicon Valley headquarters in an…
Business
CIT Nearly Bankrupt
In a brief statement made yesterday, New York-based bank CIT Group (CIT) announced that discussions with the Treasury Department regarding bailout…
Business
Unemployment Rate Shows Racial Gap in New York
Unemployment among blacks in New York City has increased much faster than for whites, and the gap appears to be widening…
Business
DOJ, UBS and Swiss Seek Stay in $14b Tax Haven Court Proceedings
The Department of Justice (DOJ), UBS and Switzerland have requested a stay with a rescheduled hearing date of Aug. 3, 2009,…