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...business. What's more, New York Attorney General Andrew Cuomo has subpoenaed Cantor and other traders of CDS contracts to see if the bond insurance was used to manipulate the market. Fears about changes in the CDS market have weighed on BGC's shares, which have fallen to a recent $2.90 from $12 a year...

Author: /time Magazine | Title: Cantor Fitzgerald, Victim of 9/11, Thrives in Recession | 4/17/2009 | See Source »

Cantor Fitzgerald has plenty of experience dealing with crisis. Perhaps that's why the firm, which is best known for bond trading and looked like it wouldn't survive after suffering devastating losses on Sept. 11th, is weathering the recent financial turmoil better than most. Cantor is hiring and expanding into new businesses at a time when many of its larger rivals are struggling to keep their doors open...

Author: /time Magazine | Title: Cantor Fitzgerald, Victim of 9/11, Thrives in Recession | 4/17/2009 | See Source »

...engagement has become hand-to-hand as the fight to see who will make it out of the rubble of the GM (GM) restructuring comes to a close. The most recent development is that the car company's retired workers are blaming the firm's creditors for dragging their feet and pushing GM closer to bankruptcy. On the one side is a group that wants its money back and on the other are the people who worked on the assembly line for decades and don't want to spend their golden years without healthcare or a pension...

Author: /time Magazine | Title: The Battle for What's Left of GM Gets Meaner | 4/17/2009 | See Source »

...response to the accusations of sexual humiliation, Bitz told Oregon's Bend Bulletin newspaper in a recent interview that school officials have never instructed students to act in a way that would "sexualize them," and that the students' costumes came from their own dorm rooms and were chosen by the students. "We would never ask a student to give a lap dance," Bitz told the paper...

Author: /time Magazine | Title: An Oregon School for Troubled Teens Is Under Scrutiny | 4/17/2009 | See Source »

...attempts. Vice Minister of the Interior Marcos Farfan said the documents indicated that two members of the group were present when Morales handed out land titles to indigenous Guarani in Santa Cruz province last month - and that they'd supposedly abandoned a scheme to plant a bomb at a recent Morales recent cabinet meeting near Lake Titicaca. More ominously, said Garcia, "we also found documents that speak of future preliminary preparations for an assassination of the President and Vice President." (Check out a story about Bolivia's immense and strategic natural resources...

Author: /time Magazine | Title: A Plot to Kill Bolivia's Leftist President? | 4/16/2009 | See Source »

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