Tim Paradis October 31, 2008 - 08:52 a.m. NEW YORK (AP) - Wall Street is looking to lock in some of its gains from the week after a report that consumers cut their spending in September by the largest amount in four years while their incomes also decreased. Investors appear unmoved by a Commerce Department report that personal spending barbarous by 0.3 percent utmost month, the biggest decline since June of 2004. Wall Street had expected ...
CapitalSource will drop REIT status, sell residential mortgage-related investments
Oct 31 2008
October 30, 2008 - 9:22 p.m. CHEVY CHASE, Md. (AP) - Financial-services firm CapitalSource Inc. said Thursday it will revoke its real-estate investment trust election in 2009 and sell its residential mortgage-related investments. The Chevy Chase-based company, which earlier this year bought 22 bank branches from Fremont General Corp., will keep its REIT status for the rest of 2008, but will not have being a REIT in 2009. CapitalSource said in a statement that while REIT ...
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Arena Pharmaceuticals’ loss widens in third quarter but still bests Wall Street forecasts
Oct 31 2008
October 30, 2008 - 9:05 p.m. SAN DIEGO (AP) - Arena Pharmaceuticals reported Thursday its loss widened in the third quarter as it poured research funding into its experimental fleshiness treatment. The company posted a net loss of $56.2 million, or 76 cents by share, for the period ended Sept. 30, compared by a net loss of $32.8 million, or 54 cents per parcel out, in the same determination last year. Despite the wider loss, Arena ...
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Lazard Capital Management, ex-employees to pay $3 million over gifts to Fidelity traders
Oct 31 2008
Mark Jewell October 30, 2008 - 8:16 p.m. BOSTON (AP) - Lazard Capital Markets and four former employees have agreed to pay more than $3 million to resolve a federal lament over lavish gifts the brokerage firm showered on Fidelity Investments employees to win the mutual fund fellowship's lucrative trading business. The Securities and Exchange Commission aforesaid Thursday that Lazard had consented to pay penalties in response to civil charges over more than $600,000 ...
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Ballard strikes financing deal with Superior Plus; Superior to become corporation
Oct 31 2008
Brenda Bouw, The Canadian Press October 30, 2008 - 7:46 p.m. VANCOUVER, B.C. - Fuel-cell maker Ballard Power Systems Inc. (TSX:BLD) has announced a reorganization that will see it shed its old corporate shell and hand it over to Superior Plus Income Fund (TSX:SPF.UN) as part of a $41-million financing deal. Superior, Canada's largest propane distributor, will take from one side of to the other Ballard's old corporate structure and use it to convert from an gains trust to ...
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