U.S. District Court Judge Keith Starrett issued a ruling Wednesday in favor of Laurel-based developer Nick Welch, who is suing three members of The First bank’s board of directors over allegations of insider stock trading.
Blackstone Deal Scrutinized Over Hilton Stock Activity
TheSecurities&ExchangeCommission and the New York Stock Exchange are investigating stock trading prior to the Blackstone Group's $26 billion acquisition of Hilton Hotels Corp., sources tell me. The Blackstone-Hilton transaction was officially announced the evening of July 3. Prior to the disclosure, Hilton's stock jumped 6.4%, to $36.05, on increased trading volume. That action raised eyebrows
Profit soars 68% at Merrill Lynch
The giant U.S. securities firm said that its fourth-quarter net income was bolstered by record revenue from trading and underwriting stocks and bonds.
Oracle may pick up 7% stake in Empower
Mumbai, July 15Software multinational Oracle Corporation is understood to be in talks for picking up a 7 per cent stake in Empower Industries, which is developing software for mobile stock trading.
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