Goldman Sachs reports death threats
The Goldman Sachs Group Inc. said Friday that the FBI is investigating letters sent to nine newspapers nationwide…
The Goldman Sachs Group Inc. said Friday that the FBI is investigating letters sent to nine newspapers nationwide threatening “hundreds” of the New York investment bank’s employees with death.
The letters were postmarked from New York late last month through early last week and handwritten in red ink.
Cohen & Steers to run part of Russell fund
Russell Investment Group in Tacoma, Wash., today is expected to add a new global real estate money manager to its $2.2 billion Real Estate Securities Fund (RREAX). The new mandate is to be assigned to real estate investment trust manager Cohen & Steers Inc. in New York.
CBOT shareholders to vote on merger
Shareholders of CBOT Holdings Inc., parent of the Chicago Board of Trade, today will vote on buyout offers from Chicago Mercantile Exchange Holdings Inc. and Atlanta-based IntercontinentalExchange Inc.
Old Mutual plans to double U.S. assets
Old Mutual Asset Management hopes to have $600 billion in U.S. assets under management within four years, up from $298 billion today, CBS MarketWatch reported Friday.
“Our game plan is to aggressively increase our presence in the U.S. with a combination of new products and increased visibility of a brand name well known in Europe and other parts of the world,” Kevin Hunt, the Boston-based firm’s executive vice president, reportedly said.
PwC to pay $225M to settle Tyco case
PricewaterhouseCoopers LLP of New York on Friday agreed to pay $225 million to settle securities and accounting fraud claims for not uncovering the $5.8 billion in accounting overstatements by Tyco International Ltd. in Pembroke, Bermuda.
Investors Capital posts loss
Investors Capital Holdings Ltd. in Lynnfield, Mass., Friday posted a loss of $1.08 million for the fiscal year ended March 31, largely due to legal expenses. Revenue rose 17.7% to a record $80 million.
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