Word: investingations
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Democratic Party chairman McAuliffe says his profits from Global Crossing stock were just the fruit of investing $100,000, although, like the elder Bush, he was allowed to acquire stock before the company went public in 1998. Small investors--as well as employees and creditors--caught in the firm's...
I have sympathy for all shareholders of Enron who lost so much in the company's collapse. A point to consider for future investing: Warren Buffett, unquestionably a savvy investor, follows a simple rule of never investing in a business he doesn't understand. My guess is that only a...
Other critics point out that U.S. steel producers have enjoyed varying degrees of import protection for decades. If tariffs and quotas were a formula for success, U.S. mills should already be world beaters. Instead of investing in new equipment and improving worker efficiency, too many U.S. mills and their unions...
But "it's just not true," says Robert Arnott, who manages $15 billion for institutional investors at First Quadrant L.P. in Pasadena, Calif. "The more money that companies retain to invest in the future, the worse their future turns out to be." Consider that Priceline wrote off $67 million in...
And now Connell, who is not running for office again, is pushing for the nation's largest pension funds - those in California, New York and Texas - to lead reform in on 401(k) and accounting practices by themselves. "I have no confidence in Congress seeing any significant reform through," she...