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SEC seeks tighter rules for agencies rating debt
WASHINGTON — Federal regulators advanced tighter rules Wednesday for agencies that rate the debt of companies and governments. Credit ratings can affect a company’s ability to raise or borrow money. […]
New York investment firm unloads Constellation shares
Constellation Energy Group Inc.’s largest shareholder has dropped almost all of its holdings in the energy company, according to a filing Tuesday with the Securities and Exchange Commission. New York-based […]
UBS agrees to pay $160M in municipal bond settlement
WASHINGTON — Big Swiss bank UBS AG has agreed to pay $160 million to resolve allegations of rigging the bidding process to win investment business from cities and towns in […]
Johnson & Johnson settles bribery case with feds
WASHINGTON — Pharmaceutical giant Johnson & Johnson has agreed to pay $70 million to settle civil and criminal charges of bribing doctors in Europe and paying kickbacks to the Iraqi […]
Online radio service Pandora subpoenaed in information-sharing inquiry
WASHINGTON — Online radio service Pandora has received a subpoena from a federal grand jury investigating whether popular smartphone applications share information about their users with advertisers and other third […]
First Mariner Bancorp is still short of capital
First Mariner Bancorp, parent company of 1st Mariner Bank, said in a regulatory filing Thursday it is still short almost $38 million of the capital it needs to meet the […]
2 shareholder suits filed vs. Medifast
At least 17 law firms have started investigations, filed lawsuits or begun trawling for potential plaintiffs against weight-loss food maker Medifast Inc. since the company announced on March 11 it […]
SEC charges defense contractor, 3 ex-directors with accounting fraud
WASHINGTON — Federal regulators have charged a U.S. defense contractor and three of its former board members with accounting fraud, saying the company overstated earnings to investors. The Securities and […]
Differing approaches of Legg Mason, T. Rowe Price bring differing results
For decades, two of the best-known asset management firms in the country have shared a ZIP code — but little else — as they took different paths toward building businesses […]
T. Rowe Price 4Q profit jumps 26 percent
T. Rowe Price Group Inc. President and CEO James A.C. Kennedy attributed his company’s strong 2010 to its abilities to provide strong returns for customers and hire and hold on […]
Goldman Sachs limits Facebook private offering
NEW YORK — Goldman Sachs Group Inc. has prohibited U.S. investors from participating in a private offering expected to raise up to $1.5 billion for social networking site Facebook, citing […]
SEC examining claim on Citigroup execs
WASHINGTON — The internal watchdog of the Securities and Exchange Commission is investigating an allegation that the agency’s enforcement chief gave a break to two Citigroup executives when the bank […]
