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Spitzer Extends Insurance Probe to Employee Benefit Policies, Suing Broker
New York Attorney General Eliot Spitzer expanded his bid-rigging probe of the insurance industry Friday, suing a California-based broker for practices that Spitzer said raised premium costs for employees at leading U.S. companies. The civil suit contends that Universal Life Resources received millions of dollars in payments for steering customers to insurers including MetLife, Prudential and Unum Provident Corp. that provided life, accident and disability coverage for workers.GameStop profit tops estimates on mobile, digital game demand
GameStop reported fourth-quarter profit that beat analysts' estimates, led by digital and mobile products. The second half of the year is expected to be "strong" with the release of "Grand Theft Auto V" and a new console, Grapevine.View more book results for the query "Related Cos"
Toil and Trouble: Kimberly Frye Spent Years on Key Energy's Restatement and Relisting
When Kimberly Frye decided to go in-house with a client, Key Energy Services Inc., in 2002, she thought one of her biggest challenges would be the adjustment of living in Midland after years of calling Houston home. As it turns out, the most difficult challenge was the job itself, as Frye ended up spending about two-and-a-half years on a financial restatement and getting the company's stock relisted on the New York Stock Exchange, all because the company delayed reporting its 2003 year-end financials.N.Y. Fed backing boosts Pimco push For Bank of America to buyback bad home loans
The Federal Reserve Bank of New York joined with the biggest bond investors in the U.S. in seeking to force Bank of America Corp. to buy back bad home loans packaged into securities as the battle over who will bear mortgage losses intensifies.SEC examines Bear Stearns hedge fund problems after mortgage investments go sour
WASHINGTON AP - The Securities and Exchange Commission is examining the near-collapse of two Bear Stearns hedge funds that made bad bets on the mortgage market, a person familiar with the matter said Wednesday.The SEC inquiry is "informal" at this point and has not resulted in any subpoenas or formal document requests, according to this person, who spoke about the matter on condition of anonymity.Bayard Sponsors Captive Insurance Seminar
Bayard, a firm based in Wilmington, sponsored the Delaware Captive Insurance Association's "Captives 101 Seminar" in Lewes on Aug. 28. GianClaudio Finizio, an associate with the firm, participated as a panel moderator.Trending Stories
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