Word: investor
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Dates: during 2000-2009
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...That's part of what bothers some of Rio's shareholders. One institutional investor, who spoke to TIME on condition of anonymity, says it's "up to Rio to convince us that this does not transfer key pricing power over a key commodity to a big customer. They need to make that case or I'm not inclined to vote for the deal" when it comes up for approval...
...Minnesota case, the CFTC complaint charges Hays with misappropriating investor funds to purchase a $4 million yacht, among other things. Hays could not be located for comment. "Hays ran his Ponzi scheme from his yacht but was grounded when the tide turned as federal authorities exposed this egregious fraud," said Obie in a prepared statement. When asked why the Ponzi surge is so great now, Obie said, "What you're seeing is the collapse of Ponzi funds in hard economic times - but I'm afraid as times get tougher, we're going to see new fraud develop, especially foreign-currency...
...caution to the grim forecast: "We worry that while financial earnings have already seen considerable weakness, non-financial earnings have further to fall." Faced with such pessimism, the S&P finished Tuesday's session at 789, below the 800 'technical support" level that analysts feel was critical to maintaining investor confidence...
...Investor sentiment was shaken over the holiday weekend by news that Japan's economy shrank at an annualized rate of almost 13% in the latest quarter. Economic news from virtually every corner of the world is reinforcing the notion that this economic storm knows no bounds, and may be gaining fury...
Robert Chew is a former investor with Madoff via a feeder fund. He lives in Colorado...