Word: returns
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...optimism, it turned out. CNOOC tried to buy UNOCAL, the American oil company, and learned about how xenophobic Congressional leaders in Washington could be. Then Beijing's sovereign wealth fund got suckered by Wall Street sharpies. It poured $3 billion into Blackstone in return for a 10% stake in the New York-based private equity firm in 2007, just before the bottom fell out of global debt and equity markets. One private equity banker in New York says the investment is today "worth about half of what they paid, if they're lucky." (See pictures of TIME's Wall Street...
...complaint says Stanford perpetrated a "massive fraud based on false promises and fabricated historical return data to prey on investors." The alleged fraud centers on an $8 billion certificate-of-deposit (CD) program. (Read about Stanford's love of cricket...
...Stanford, and the close circle of family and friends with whom he runs his businesses, perpetrated a massive fraud based on false promises and fabricated historical return data to prey on investors," said Thomsen. "We are moving quickly and decisively in this enforcement action to stop this fraudulent conduct and preserve assets for investors...
...came up just short with losses at 141, 165, and 197.In bouts wrestled, the Crimson held a 19-13 edge over the Bears.HARVARD 34, AMERICAN INTERNATIONAL COLLEGE 3 In Friday’s contest, the Crimson dominated the Yellow Jackets (7-18), winning eight of nine matches in its return to the MAC.Harvard has not wrestled at home in over a year, and cheers and chants from “team Louis” seemed to energize the grapplers in front of an excited home crowd.“I love ‘team Louis...
...realistic-looking BB gun.” A suspect was arrested later that night by the Cambridge Police Department near Au Bon Pain, according to Steven G. Catalano, the spokesperson for the Harvard University Police Department. The victim, who requested anonymity because the investigation is ongoing, said he was returning to his room in Leverett and was in front of old Quincy House when he was approached from behind by the perpetrator. The robber petitioned the student for money, and the situation escalated when the student refused, according to the victim. “He stuck one hand into...