Latest Investment management News

Ex-California investment company head charged with fraud

Sep. 21, 2022 20:36 PM EDT

LOS ANGELES (AP) — A man who ran two California-based investment companies and frequently appeared as a TV financial news analyst was charged Wednesday with securities fraud for allegedly bilking clients out of millions of dollars, federal prosecutors said. James Arthur McDonald...

Farming, water and Wall Street on Colorado’s Western Slope

Sep. 14, 2022 10:02 AM EDT

LOMA, Colo. (AP) — Under the blazing afternoon sun, Joe Bernal navigates a shiny-green John Deere tractor onto a dirt road a few miles north of downtown Fruita. Bernal is headed to cut hay in a field a few hundred feet down the road. On his way, he points out the land his family has acquired over...

Former Disney CEO Iger joins Thrive Capital as mentor

Sep. 13, 2022 09:59 AM EDT

Former Disney CEO Bob Iger is joining investment firm Thrive Capital as a venture partner. The company said in a blog post that Iger will mentor its founders as they build companies across industries such as health care, consumer technology, financial services and enterprise...

Dubai court rejects Danish extradition request for financier

Sep. 12, 2022 21:40 PM EDT

DUBAI, United Arab Emirates (AP) — A Dubai court ruled on Monday that a British man suspected of masterminding a $1.7 billion tax scheme cannot be extradited to Denmark to face charges. The decision in the high-profile case grants the hedge fund trader, Sanjay Shah, a victory...

Editorial Roundup: Ohio

Sep. 11, 2022 13:51 PM EDT

Columbus Dispatch. September 11, 2022. Editorial: We won’t forget. Ohioans killed during 9/11 terror attacks still cherished Most of us recall where we were and what we were doing at 8:46 a.m. Tuesday, Sept. 11, 2001. We remember the news reports...

In Dubai, $1.7B Denmark fraud suspect contests extradition

Sep. 05, 2022 15:26 PM EDT

DUBAI, United Arab Emirates (AP) — The lawyer of a British man who was arrested in Dubai for allegedly masterminding a $1.7 billion tax scheme in Denmark asked judges on Monday not to extradite him. Denmark wants hedge fund trader Sanjay Shah extradited from the United Arab...

South Korea objects to World Bank's order to pay Lone Star

Sep. 01, 2022 00:19 AM EDT

SEOUL, South Korea (AP) — South Korea says it plans to challenge a World Bank tribunal’s order to pay $216.5 million plus interest to Texas-based Lone Star Funds following a decade-long dispute over the private equity firm’s sale of the Korea Exchange Bank. South Korean Justice...

Investment regulators accuse NC insurance magnate of fraud

Aug. 30, 2022 18:07 PM EDT

DURHAM, N.C. (AP) — Federal securities regulators on Tuesday formally accused a North Carolina-based insurance magnate, an associate and their investment advisory firm of defrauding clients out of over $75 million through complex schemes involving undisclosed transactions. ...

Prince William charity invests with bank tied to dirty fuels

Aug. 19, 2022 13:14 PM EDT

LONDON (AP) — The conservation charity founded by Prince William, second in line to the British throne and who launched the Earthshot Prize, keeps its investments in a bank that is one of the world's biggest backers of fossil fuels, The Associated Press has learned. The Royal...

Newest meme stock, Bed Bath & Beyond, tumbles after big day

Aug. 17, 2022 18:22 PM EDT

NEW YORK (AP) — Now comes the downside of the meme-stock craze for investors in Bed Bath & Beyond. The stock fell 16% in after-hours trading Wednesday following reports that a big-name investor with a cult-like following may sell his stake in the struggling retailer. It's a...