NJ couple indicted in $2.3M Ponzi scheme used investor money to buy mansion
TRENTON, N.J. — A Middlesex County couple has been indicted by a state grand jury for allegedly orchestrating a Ponzi-style fraud that siphoned more than $2 million from investors through false promises…
Activist Investor Elliott builds stake in PayPal – Bloomberg News
(Reuters) -Activist investor Elliott Investment Management is building a stake in PayPal Holdings Inc, as it plans to push the fintech giant to ramp up its cost-reduction efforts, Bloomberg News reported, citing…
Boeing cash flow on investor radar as supply disruptions shackle output
By Abhijith Ganapavaram (Reuters) – Boeing’s cash flow will be the focus on Wednesday when the U.S. planemaker reports results as production snarls limit its ability to take advantage of a rise…
In Argentina, financial risks deepen along with investor jitters
By Walter Bianchi BUENOS AIRES – Argentina’s debt sank deeper into distressed territory on Friday, in just the latest week of sour financial news led by a battered currency, highlighting growing doubts…
Emerging market fund Ashmore shares hit 13-yr low as investors pull out cash
LONDON -Shares in emerging markets investment firm Ashmore fell to a 13-year low on Thursday after it reported a much heavier-than-expected $6.6 billion exodus from its funds after a torrid few months…
Brazil’s biggest individual investor remains a buyer amid political uncertainty
By Paula Arend Laier SAO PAULO – One of Brazil’s most successful individual investors, Luiz Barsi, said he is continuing to buy shares in its companies even as uncertainties loom ahead of…
‘Fear has taken the wheel’: German investor morale nosedives in July
BERLIN -German investor sentiment plunged below levels at the outset of the coronavirus pandemic in July due to major energy concerns, supply bottlenecks and rate hikes from the European Central Bank. The…
ROSEN, LEADING INVESTOR COUNSEL, Encourages Unilever PLC Investors with Losses in Excess of $100K to Secure Counsel Before Important Deadline in Securities Class Action – UL
NEW YORK , July 9, 2022 — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Unilever PLC (NYSE: UL) between September 2, 2020 and July…
Euro zone investor morale slumps on grim expectations – Sentix
BERLIN – Investor morale in the euro zone fell this month to its lowest level since May 2020, pointing to an “inevitable” recession in the 19-country currency bloc, a survey showed on…
Analysis: Swiss policy pivot signals exit for big stock and bond investor
By Yoruk Bahceli, Saikat Chatterjee and Tommy Wilkes LONDON – From Silicon Valley shares to U.S. and European government bonds, securities that are already under heavy pressure stand to lose a major…
Former Investment Adviser Sentenced To 72 Months In Prison For Investor Fraud Scheme
Damian Williams, the United States Attorney for the Southern District of New York, announced today that MARTIN RUIZ, a former investment adviser, was sentenced today to 72 months in prison by U.S.…
Twin Cities House-Flipper Pleads Guilty to $3 Million Investor Fraud Scheme
MINNEAPOLIS – A Twin Cities house-flipper has pleaded guilty to defrauding real estate investors out of more than $3 million, announced U.S. Attorney Andrew M. Luger. According to court documents, from 2018…
German investor morale improves in June though risks remain ahead
BERLIN – German investor sentiment rose slightly in June as financial market experts were less pessimistic about the economy, though it remained in negative territory due to numerous risks. The ZEW economic…
Euro zone investor morale improves but economy still in downturn
BERLIN – Investor morale in the euro zone rose more than expected in June, the first increase after Russia’s invasion of Ukraine, a survey showed on Tuesday, as many companies have not…
UK’s Sainsbury’s faces investor vote on workers pay amid cost of living crisis
By James Davey LONDON – Shareholders in Sainsbury’s will get to vote on a resolution at next month’s annual meeting calling for Britain’s second biggest supermarket group to commit to paying the…
Tulsa Man Sentenced for Defrauding Investor and Banks of Millions
A man who defrauded an investor and two banks out of at least $8.4 million was sentenced Wednesday in federal court, announced U.S. Attorney Clint Johnson. Chief U.S. District Judge John F.…
Tesla investor Streur says carmaker still believes in ESG
By Ross Kerber (Reuters) – Tesla Inc CEO Elon Musk may have denounced business use of environmental, social and governance (ESG) factors as a “scam” last week but one sustainable investing pioneer…
Investor And Organizer Of Cocaine Smuggling Operations Via Semi-Submersible Vessels Pleads Guilty
Tampa, FL –United States Attorney Roger B. Handberg announces that Oscar Adriano Quintero Rengifo, a/k/a “Guatala,” (34) today pleaded guilty to conspiring to distribute five or more kilograms of cocaine on vessels…
Airbus bows to Queen’s jubilee and delays key investor meeting
By Tim Hepher PARIS – Plans by Airbus to host its largest investor meeting in three years have been postponed after the keenly awaited presentation clashed with Queen Elizabeth’s jubilee, ruffling feathers…
Rise in German investor morale ‘not enough to become hopeful’
BERLIN -German investor sentiment rose slightly in May on expectations the economic situation in Europe’s largest economy will deteriorate less markedly than predicted previously as the European Central Bank acts to tame…
Top investor MFE will not sign off on ProSieben supervisory board actions
MILAN – MediaForEurope, the top investor in ProSiebensat.1, said on Wednesday it would not clear the company’s supervisory board from responsibility for actions taken last year at the German TV group shareholders’…
Investor pessimism mounts as more Fed rate hikes loom
By Lewis Krauskopf and Saqib Iqbal Ahmed NEW YORK – Stock market investors are heading into the U.S. Federal Reserve’s rate-setting announcement particularly pessimistic, with fresh milestones for bond yields and worries…
West Palm Beach Investment Fraudster Sentenced to 42 Months in Federal Prison After Losing Investor Millions in Wire Fraud Scheme
Miami, Florida – Fifty-four-year-old West Palm Beach, Florida resident Salvatore Renaldi has been sentenced in South Florida federal district court to 42 months in federal prison for orchestrating and running two investment…
HelloFresh soothes investor worries with Q1 beat
(Reuters) – German meal-kit maker HelloFresh reported better-than-expected first-quarter revenues and core earnings, sending its shares soaring and easing investor worries about its full-year guidance. In preliminary results just before the market…
San Francisco Man Charged In Alleged Cryptocurrency Investor Fraud Scheme
SAN FRANCISCO – Japheth Dillman was arrested today in connection with an alleged scheme to defraud victims into investing in a San Francisco-based cryptocurrency trading fund, announced U.S. Attorney Stephanie M. Hinds,…
Apple’s main investor concern this quarter: demand
By Nivedita Balu (Reuters) – Apple Inc investors have for years cheered investments to expand its supply chain to meet feverish global demand for iPhone and MacBooks. Now, the question is whether…
Breaking News
