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REPAYMENT ORDERED. For Richard Grasso, 60, former New York Stock Exchange chairman ousted in 2003 amid outrage over the disclosure of his $140 million compensation package; of as much as $100 million of that compensation; by a state supreme court judge; in New York City. The ruling, which Grasso said he would appeal, coincided with other big news from Wall Street: the benchmark Dow Jones Industrial Average closed above the 12,000-point mark for the first time...

Author: /time Magazine | Title: Milestones Oct. 30, 2006 | 10/22/2006 | See Source »

...investment firm Bernstein Research. There are about 50 life-settlement firms, which either hold onto the policies for their portfolio or package them for resale to Wall Street. Pension and hedge-fund managers are snapping up these investments, eager to lock up returns that are not correlated to the stock market...

Author: /time Magazine | Title: Extra Value | 10/22/2006 | See Source »

...second largest wine firm. Viewed from Australia, the French measures seem timid and slow. Australia's 20 biggest winemakers account for 85% of the market, and they have reacted much faster to the crisis, cutting prices and taking the financial hit early by writing down the value of their stock. Some grape growers are pruning back vines or switching to citrus or almonds. And, in a boon to consumers, many producers have been selling their surplus stocks as "cleanskins" - bargain-priced bottles that show neither the winemaker nor the winery. Even so, Sam Tolley, chief executive of the awbc, reckons...

Author: /time Magazine | Title: Too Much Of A Good Thing | 10/19/2006 | See Source »

...best economies that we've had in recent times. Employment is at an all-time record high. Home ownership is at an all-time record high. Productivity has been phenomenal. The stock market is just hitting new highs. Employment numbers are up again -- 6.6 million jobs in three years. There isn't any way you can look at the economy and not conclude that, in fact, things are going very well. And it's also I think testimony to the resilience of our economy the shocks that we've weathered over that period of time...

Author: /time Magazine | Title: Exclusive Interview: Cheney on Elections and Iraq | 10/19/2006 | See Source »

...Knowles could take.“The punishment is largely symbolic, but we should remember that honors are important rewards to academics,” he added.Shleifer’s former title honored Whipple Jones, the founder of the Aspen Highlands Skiing Corporation in Colorado who gave Harvard stock that was sold for $18.3 million in 1994. Jones died in 2001 at the age of 91.With Shleifer’s demotion, all but seven of the 35 full professors in the department hold endowed chairs.Nancy L. Rosenblum ’69, the chair of the government department...

Author: By Javier C. Hernandez, CRIMSON STAFF WRITER | Title: Shleifer Stripped of Endowed Title | 10/16/2006 | See Source »

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