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Some companies restate finances
Associated PressInvestors jarred by a wave of accounting scandals were jostled by smaller ripples Wednesday, as several big companies restated their finances against a deadline to swear to the accuracy of financial reports. After waiting until the last minute, scores of...Tags: Hunt Valley, Stock Market, Magellan Health Services Incorporated, Qwest Communications International Incorporated, McCormick & Company Inc.
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Stocks soar on late rally
Associated PressInvestors' relief over companies' willingness to stand by their financial statements Wednesday sparked a late-day rally on Wall Street, sending the Dow Jones industrials soaring 260 points. The market's advance reversed an earlier sell-off as investors...Tags: Japan, Business, Stock Market, Applied Materials Incorporated, Sales
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Special Report: Documents allege money-laundering lapses at HSBC
ReutersNEW YORK (Reuters) - In April 2003, the Federal Reserve Bank of New York and New York state bank regulators cracked the whip on HSBC Bank USA, ordering it to do a better job of policing itself for suspicious money flows. Staff in the bank's anti-money...Tags: Criminals, Cuba, HSBC Holdings plc, Ohio River, Europe
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2 states probe Countrywide home loans
Los Angeles Times Staff WritersThe nation's No. 1 mortgage lender, Countrywide Financial Corp., is under investigation by California Atty. Gen. Jerry Brown and the attorney general's office in Illinois, the Calabasas company said Thursday. Countrywide said it had received subpoenas...Tags: Mortgages, Illinois, Countrywide Financial Corp., Jerry Brown, Sacramento
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Options no guarantee of success
Tribune staff reporterIn 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 it has risen?" He answered: "What was going on was our good friend,...Tags: HSBC Holdings plc, Work Relations, Paul Volcker, Vernon Hills, McDonald's
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Winners scarce among big area firms
Tribune staff reporterChicago-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 local companies endured a rocky first quarter, with a few, mostly limited,...Tags: Cell Phones, Medical Services, Pactiv Corporation, Molex Incorporated, CNA Financial Corporation
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Cashing in coming and going
Tribune staff reporterLast 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 to a year's salary and bonus, plus accelerated...Tags: Motorola, Inc., HSBC Holdings plc, Qwest Communications International Incorporated, Tyco International Limited, Wages and Pensions
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Some new realities await opening bell at exchanges
Tribune markets columnistStock prices face potentially sharp adjustments to new global economic realities as soon as trading resumes. Trading has been frozen since last Monday, but investor sentiment toward equities has ebbed and flowed with each news headline. Generally,...Tags: Pactiv Corporation, Molex Incorporated, CNA Financial Corporation, Northern Trust Corporation, New York City
Aug 14, 2002
|Story| Associated Press
Aug 14, 2002
|Story| Associated Press
May 3, 2012
|Story| Reuters
Dec 14, 2007
|Story| Los Angeles Times
May 4, 2003
|Story| Chicago Tribune
Apr 7, 2003
|Story| Chicago Tribune
May 4, 2003
|Story| Chicago Tribune
Sep 16, 2001
|Story| Chicago Tribune
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