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Toronto-Dominion said to plan Chrysler financial bid
Toronto-Dominion Bank may reach an agreement as soon as this week to acquire Chrysler Financial Corp., the auto-loan company owned by Cerberus Capital Management LP, said three people with knowledge of the matter.Nasdaq CEO blames software for delayed Facebook IPO trading
Computer systems used to establish Facebook's opening price were overwhelmed by order cancellations and updates because systems fell into a "loop" that prevented Nasdaq from opening shares on schedule following the $16 billion deal.California attorney sentenced for looting client trust fund
A Southern California lawyer who lost more than $2 million from a class action settlement by investing client trust funds in the stock market has been sentenced to 18 months in prison.Source: auction-rate probe focuses on 3 banks
NEW YORK AP - New York Attorney General Andrew Cuomo will intensify his probe into auction-rate securities by focusing on Bank of America Corp., Goldman Sachs Group Inc. and Deutsche Bank AG, a person close to the investigation said Wednesday.The banks are the three biggest players in the auction-rate securities market that have not already reached a settlement with Cuomo, who is seeking deals on behalf of regulators and state authorities.Tom Ricketts the winning bidder for Chicago Cubs
CHICAGO - Tom Ricketts once lived across the street from Wrigley Field and met his wife in the bleachers.Now that his billionaire family is set to purchase the Chicago Cubs and their historic ballpark from Tribune Co., he's about to get a closer view of his favorite team.And, maybe, he can help them win their first championship since 1908.Madoff scandal may lead to new adviser rules
The Bernie Madoff scandal has intensified efforts to hold investment advisers more accountable for their clients' interests, as the Obama administration considers an overhaul of financial regulation. Madoff was an investment adviser with a fiduciary duty to act on behalf of his clients and a broker-dealer, subject to oversight by the Financial Industry Regulatory Authority and the Securities and Exchange Commission.
TD Bank seeks additions to $25 billion U.S. bet
Toronto-Dominion Bank said it will consider buying assets similar to its purchase of Chrysler Financial Corp. to bolster U.S. operations amid signs of a "modest" turnaround in the world's largest economy.'Dumb Money' flees Muni funds as investors snap up single bonds
John Hirsch, 57, has been buying municipal bonds during the past four months, taking advantage of falling prices as muni mutual funds are forced to sell them to cover withdrawals.
Brewers and Yankees fans lawyered Chicago Cubs sale
The Chicago Cubs sale was completed this week with assistance from a slew of lawyers with a variety of baseball loyalties. Foley & Lardner represented the Ricketts family, who bought the Cubs baseball team for $845 million. Proskauer Rose was counsel to three big banks that provided a $450 million loan for the deal. And McDermott, Will & Emery represented the former team owner in the sale.TRENDING STORIES
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